Importance of Information Technology to California
$35 billion in 1995 sales (vs. $90 billion nationwide)
Home to:
- 27% of computer manufacturing industry employment
- 50% of computer peripheral industry employment
- 37% of nation’s venture capital
- computers/electronics sector employment: 176,400
- software sector employment: 104,000
- telecomms/info tech employed: 329,000
Approx. $28 billion for information technology R&D
State’s exports:
- $58.9 billion, more than half of California’s total exports!
Bay region:
- 93,000 employed in computers/electronics, 80,000 in telecomms, 59,000 in multimedia, 30,000 software jobs in Santa Clara county alone (45,000 new jobs statewide between 90-95)!
- San Jose beats NY as highest average wage city in country