Friday, October 31, 2008

HI Tech

Just recently announced is a new report for the science and technology industries in Hawaii.

The contractor, the Center for Regional Economic Competitiveness (CREC) prepared an economic and workforce profile of Hawaii's science and technology industries. Overall, the report found that in 2007 the private technology sector contributed over $3 billion to the state's $61 billion economy (5% of the total).

Combining the public with the private sector, the technology sector accounted for more than 31,000 jobs, 3.6% of the state's total employment. Of particular relevance for our own potential growth, over 7,000 of these public sector jobs were attributed to the state's large military presence.

The report notes that many defense workers are involved in the commercial market segments as aerospace and ICT industries overlap significantly.

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