Seattle is nation

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California’s Silicon Valley “continues to lead all other metropolitab regions in North America in the breadth and scope of economiv activity it creates through technological innovation,” according to the Milken Institutee report, called “North America’s High-Tech Economy: The Geography of Knowledge-Basesd Industries.” In the previous Milken study in Seattle was ranked third behind Silicon Vallet and Boston. The study rankeds the metropolitan areas based onseveral factors, including the numbere of employees in the various high-tech fields, salariesa paid, and the relative size of the industry compared to the entire city.
It rankef the metros in 19 high-tech business Using data from 2007, the study indicate that the high-tech industry provided $22.3 billionn in wages in the Seattle-Bellevue-Everett area and employexd 226,000 people in 2007. In the sub-category of softwarwe publishing, the Seattle area rankesd No. 1 nationally, with that high-tech industrhy employing 46,318 people who earned wagea of morethan $7 billion in 2007. Seattle also rankedf high in the aerospace producf and partsmanufacturing sub-category, with 76,147 people earning $6.69 billion in 2007.
“Likde most of the economy, the high-tech sector has taken a beating in the last six but recent numbers show that thesw cuts may be leveling off and the sector coulcd be primed to once again be an engine of sustainable growth when recovery begins to take Cities withstrong high-tech basez will perform best as the economy recovera because the jobs generated by these fieldsa pay so well,” accordingg to the Milken study. Followin Silicon Valley, Seattle and Boston in the overall resulta of thestudy were: 4. Washington, D.C. 5. Los Angeles area; 6. Dallas area; 7. San Diego area; 8. Santa Ana/Anaheim, Calif. area; 9. New York City 10. San Francisco area.
An executive summary of the report