Seattle's rank was surpassed only by Silicon Valley in "North America’s High-Tech Economy: The Geography of Knowledge-Based Industries," a study of 19 high-tech business indicators released on June 3 by the Milken Institute.
As the Puget Sound Business Journal summarized:
Using data from 2007, the study indicates that the high-tech industry provided $22.3 billion in wages in the Seattle-Bellevue-Everett area and employed 226,000 people in 2007. In the sub-category of software publishing, the Seattle area ranked No. 1 nationally, with that high-tech industry employing 46,318 people who earned wages of more than $7 billion in 2007. Seattle also ranked high in the aerospace product and parts manufacturing sub-category, with 76,148 people earning $6.69 billion in 2007.The high-tech ranking is good news for the state economy, for as the Milken Institute study reports,"Cities with strong high-tech bases will perform best as the economy recovers because the jobs generated by these fields pay so well."
A separate report released Wednesday by the U.S. Census Department showed that Washington has the third highest Internet usage in the United States, trailing only Alaska and New Hampshire.
Hey! Didn't we read something about this high-tech-stuff-good-for-Washington-economy-stuff yesterday?
