Thursday, March 8, 2007

High Technology Scorecard for Northeast Ohio: Is the Glass Half Full or Half Empty?

It depends on what measure you use, like anything else related to economics. What got me interested in this story was a news story (television) focused on Keithley Instruments- a computer chip company based here. They interviewed executives with Keithley who said 60% of their venture capital in last year came from out of state --- and they were adamant about the fact that this meant venture capitalists were keen on Northeast Ohio and her ability to grow the high tech sector. Okay, that makes sense to me.

The second part of the story comes from Crains Cleveland Business news, saying that a CSU study showed the glass half empty for the first half of this decade: National high tech growth fell 8% while in Northeast Ohio the figure was 13%. BUT (now back to the glass half full!) salaries in our high tech companies rose 6.5%. And in this article they say they expect continued growth in the industry. Peace Out - 3C

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