With the Great Recession officially in the rear-view mirror, growth and economic advancement are at the top of the agenda for policy and business leaders. Planning for and pursuing such growth and advancement requires taking stock of current conditions, which is what this report does for the technology sector in Southeast Michigan.
This report provides a careful assessment of employment and industry data for the technology sector in Southeast Michigan. The data offer benchmarks of the size and nature of the region’s
technology sector relative to other metropolitan areas across the United States. These data provide measures that can be reviewed over time to assess the evolution of the technology sector in the region. They also illustrate opportunities for economic growth and advancement in Metro Detroit today.
The technology sector of the economy can be viewed as consisting of businesses that have a technical orientation and workers who have technical occupations. The businesses together form an industry, while the workers together form a workforce. Data from the U.S. Census Bureau and the Bureau of Labor Statistics are used in this study to assess both the industry and workforce components of the technology sector. Measures of the sector across metropolitan areas are also included to provide context to the data for Greater Detroit.
The pulse of Automation Alley’s technology industry continues to beat strongly, despite a wounded economy. Yes, high fuel costs, strong competition, and legacy costs have inflicted pain on the advanced automotive sector of Automation Alley. However, the region’s technology industry has proven it can stand on its own, and advance despite the automotive industry’s struggles, statewide economic malaise, and nationwide economic uncertainty.
FOR IMMEDIATE RELEASE October 31, 2008 CONTACT: Tyler Marie Theile, Anderson Economic Group (517) 333-6984 The 2008 Technology Industry Report will be released at the Automation Alley State of Technology Luncheon on Wednesday, November 12 at the Troy Marriott. The luncheon will feature an exclusive look into the findings of the Annual Technology Industry […]