Automation Alley's Fourth Annual Technology Industry Report
Automation Alley has released the latest economic indicators to document the size and scope of Southeast Michigan's technology industry, using data on employment, payroll and establishments in the technology industry.
Click here to download the abridged version of the 2008 Technology Industry Report. © 2008, Automation Alley. Permissions for reuse granted given proper citations provided.
Click here to download the complete 2008 Technology Industry Report. © 2008, Automation Alley. Permissions for reuse granted given proper citations provided.
The report, prepared by the Anderson Economic Group, provides data regarding Automation Alley’s rapidly growing presence in the life sciences sector, as well as employment growth outside of the advanced automotive industry. Southeast Michigan has a significantly higher concentration of technology employment compared to the national economy, and despite the stagnate state of the economy, gives the region a reason to be optimistic. Industry data is presented for 1998 through 2006 to illustrate how the industry has evolved in recent years.
There are analyses of six key industry clusters that exist within Automation Alley's technology economy:
-Advanced Automotive
-Advanced Manufacturing
-Chemical and Material
-Information Technology
-Life Sciences
-Other Technologies
Although these six clusters play a vital role in Automation Alley, there are other activities taking place in the region that promises future growth of the technology industry. This includes quantitative measures such as patent awards, university research and development, and qualitative assessments of items such as workforce development programs and industry promotion activity.
Also, this year's Technology Industry Report also includes a market research study, which focuses on the current state of regional companies and the local and state economies. Highlights include anticipated organizational and revenue growth, as well as continued investment in research and development. Data from the survey reveals a majority of Southeast Michigan companies are attributing growth to enhanced or added products and services, which implies continued investment in research and development.
This report was compiled by Anderson Economic Group, LLC, a consulting firm with experience in economics, finance, market research and public policy.
PAST TECHNOLOGY INDUSTRY REPORTS:
Click here to read the 2007 Technology Industry Report: Driving Southeast Michigan Forward.
Click here to read the 2006 Technology Industry Report: Driving Southeast Michigan Forward.
Click here to read the 2005 Technology Industry Report: Driving Southeast Michigan Forward.