Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

Economic Impact Report Detailing Growth of Arizona’s Technology Sector

Posted by fidest press agency su domenica, 19 Mag 2019

To keep its constituents up-to-date on the advances in Arizona’s technology community, the Arizona Technology Council today announced the latest update of the 2019 Quarterly Arizona Technology Council Industry Impact Report. The report reveals an increase in technology career wages, number of jobs, venture capital, new technology companies/startups, and Small Business Innovation Research (SBIR) awards.The quarterly report is conducted by eImpact, an organization that creates web-based, data-reporting solutions designed to help cities, industries and planners drive effective policy, create new growth and engage stakeholders.“Our new eImpact report shows tremendous growth in our state’s technology sector from the time when it was introduced in June 2018,” said Steven G. Zylstra, the Council’s president and CEO. “We commissioned the report to provide frequent updates on the economic payoff of our initiatives and gain comprehensive data on where we should be devoting resources. Seeing the growth metrics of Arizona’s technology sector over the last year has been rewarding validation of the efforts of Arizona’s entire business ecosystem.”
Arizona’s technology community has seen a 5.2 percent wage growth during the past year, giving Arizona 20 percent higher technology wages than the national average. A 2.9 percent job growth also occurred during the same period, ranking Arizona second for employment growth in the Southwest. Additionally, venture capital investment in Arizona went from under $300 million in 2017 to $539 million in 2018.

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