Courtesy of Citybizlist – With its proximity to federal government contracts, Baltimore is the second-best area for technology jobs, behind Seattle, Wash., according to a listing by Forbes magazine.
The federal budget of hundreds of billions of dollars on tech products, both hardware and software, explains why “Baltimore, primarily its suburbs, and the D.C. metro area have enjoyed steady tech growth and, under most foreseeable scenarios, likely will continue to do so in the coming years,” the business magazine said. Washington was ranked No. 7 on the list.
“Both regions have seen large gains in technology services industries, particularly programming, systems design, research, and engineering,” it added.
North Carolina’s Raleigh was No. 4 on the list, reflecting its traditional strength in research, technology and startups. Jacksonville, Fla., came No. 6 on the list and Orlando, Fla., was ranked No. 24.
Houston was ranked No. 18 and Austin, Texas, which is often seen as the next Silicon Valley, came in at No. 32 after losing “over 19% of its high-tech jobs over the past decade, including more than 17,000 jobs in semiconductor, computer and circuit board manufacturing.”
Dallas was ranked No. 46 as it lost nearly “a quarter of its high-tech jobs,” primarily due to losses in telecommunications carriers and in manufacturing of communications equipment and electronics.
Forbes compiled the list by evaluating latest high-tech employment data collected by EMSI, an economic modeling firm. The Praxis Strategy Group‘s Mark Schill charted those areas that have gained the most manufacturing, software and services jobs over the past 10 years, equally weighting the last five years and the last two, Forbes said.
“We also included measures of concentration of tech employment in order to make sure we were not giving too much credence to relatively insignificant tech regions. Our definition of high tech industries is based on the one used by TechAmerica, the industry’s largest trade association,” it added.