July/August 2006 | Trade and Industry Development

July/August 2006

Trade & Industry Development Magazine

According to AEA’s recent Cyberstates report, the high tech industry in the U.S. grew by 61,000 jobs in 2005. While this growth is positive, the number falls short of the national average of employment. Within this report and our feature article focusing on the technology industry, several factors contribute to these numbers, including the continuing trend of both outsourcing and offshoring.
 
Within the logistics community, similar trends are occurring. The global impact on transportation, from fuel prices to demands for goods has increased the need for technology enhancements. No longer are site selection decisions made solely in the board room. More and more frequently logistics plays a vital role in the decision making. In our feature on logistics, you’ll read how “world-class distributors lead, not manage, their location selection projects.”
 
For even more information, don’t miss the area “Spotlights” (Maryland, Florida, California and North Carolina) showcasing initiatives designed to entice your next site location decision.

In this issue

High-Tech Industry Employment Edges Upward in 2005

BY: Trade & Industry Development

A new study by the AeA, the nation’s largest high-tech trade association, shows that in 2005, the high-tech industry added some 61,000 net jobs for a total of 5.6 million in the United States.  This growth is an important first step in the turnaround of the high-tech industry, and represents a significant change from a previous four-year decline.   "While we are encouraged by the positive employment trend, the technology industry is focused on the long term health of the industry, the economy, andour nation," said William T. Archey, President and CEO of AeA.  "Tech industry employment only grew by one percent last year compared to two percent for the U.S. private sector as a whole.  To promotethe creation of high-paying technology jobs for the future, we need to address the competitiveness issues facing our country, today."   "This means that all Americans need to recognize that we live in an increasingly competitive world," Archey continued.  "To prepare ourselves for this challenge, we need to... more....