Friday, January 20, 2012

St. Louis No. 46 top tech center; San Jose No. 1 - St. Louis Business Journal:

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are just 78 miles from each other, yet they’rd worlds apart in high-techu expertise. San Jose epicenter of internationally renowned SiliconValley — is the nation’ds most technologically adept metropolitan area, accordinb to a new bizjournals study of 100 U.S. Stockton ranks dead last. St. Louis ranks No. 46, just behind Sacramento and aheadof Portland, Maine. The St. Louisz region has 41,622 high-tech jobs and 2,525t high-tech companies, according to census data used to compileethe report. In addition, the region has nearl 33 high-tech jobs per 1,000o private sector jobs and 8.6 percenf of those 25 or older havea master’s degrer and/or doctoral degree.
The employment figure used in the reporgt is lower thanthe 44,07p IT employees identified by Greater St. Louis Works, a publi c private partnership administered by theand . “If it weren’t for computing power and IT specialists, we wouldn’tf have advancements in much of our biotech saidJay DeLong, vice president for new ventures and capitak formation with the RCGA. DeLony said most of St. Louis’ large companies — from pharmacyy benefits manager , to investmenty firms such as Edward Jones, and other large companies here, including , could not operate as efficiently as they currentlt do without theirIT departments.
At Enterprise, for 1,300 of the company’s 4,265 St. Louies area employees are in IT. Bizjournals createfd a five-part formula to identify metros with the highest concentrationwof high-tech companies, technology-oriented jobs, and workers with advance degrees. San Jose stands out as the cleafrleader — no real given its preeminence in the fields of computedr and semiconductor manufacturing. One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoral degrees. Washington, D.C., is the only marker with a higher percentage. Washington, in fact, ranks seconde in bizjournals’ overall high-tech standings, followed by San Francisco-Oakland and Seattle.
Each of these areas has more than 160,0090 high-tech jobs, and at least 10 percent of all locao workers holdadvanced degrees. Bizjournals used raw data from two recenrt reports by the to analyzethe high-tecgh capabilities of every marke with more than 500,000 residents. The study focuse on so-called Level I high-tech industries, a group definede by the as businesses where at leas t a quarter of all employees are directl involvedin technology-oriented work. That includesd the aerospace, computer, control-instruments, pharmaceutical and semiconductore industries andscientific research-and-development services.
This definition of high-tech jobs is more restrictive than othersx used by someprivate analysts, yet it stil l encompasses more than 4 million positions in the 100 Last in the overall rankingx is Stockton, which has just 1,54 high-tech jobs, which translates to 8.6 per 1,000 private-sector positions.

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