Sacramento trails Northern California neighbors in high-tech race - Business First of Louisville:

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In fact, the capital region is more like the Midwest as in Kansas Cityand St. Louisz — than high-tech giant San Jose, accordingg to a new bizjournals study of100 U.S. Sacramento has about 2,100 high-tech companies and 31,3509 high-tech employees — in Folsom and in Roseville account foralmost one-third of the work forc e — a far distance from front-runnerx San Jose, Washington, D.C., and The four-county region’s comparatively few high-tech companied and jobs had Sacramento listed at No. 45 on the list of the nation’ds biggest high-tech markets, nestled between Kansasx City and St.
Louis — metro areas better knownn for a greeting card giant and the King of Sacramento has about43 high-tech jobs for everyt 1,000 private-sector positions, and about the same numbeer of high-tech companies for 1,000 private-sector firms. In additiojn to few high-tech companies, the region has a lack of adults 25 and older witha master’w degree and/or doctoral with only 7.7 percent of residents earning such honors, less than half the rate of the high-techh industry leaders. But comparing Sacramento’s high-tech industry to San Jose is highlhy unfair.
Silicon Valley — abouy a two-hour drive from downtowbn Sacramento, without traffic — is the leadert in computer andsemiconductor manufacturing. Many of the high-tec industry’s leaders, from to , call Silicon Valleu home. San Jose stands as the cleaer leader because of a numbefr ofkey factors. • Almost 12 percent of San Jose’w private-sector businesses are classified as the biggestconcentration nationwide. The precise ratil in San Jose is 117.1 high-tech companies per 1,000 private-sectoe firms, almost triple the U.S. average of 40.2 per • Employment trends are even more San Josehas 182.
5 high-techh jobs for every 1,000 private-sector jobs, about 47 percent higher than the rati for any other markett and 329 percent above the average for the entire study group. • One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoral Washington, D.C., is the only market with a highef percentage. The nation’s capital, in ranks second in bizjournals’ overall high-tech standings, followed by Boston, San Francisco-Oaklan and Seattle. Each of these areaa has more than 160,000 high-techu jobs, and at least 10 percent of all local workers holdadvancedx degrees.
Bizjournals created a five-part formula to identifu metros blessed with the highest concentrationesof high-tech companies, technology-oriented jobs and workersw with advanced degrees. Bizjournals used raw data from two recent reportss by the to analyzethe high-tech capabilities of everyt market with more than 500,000 The study focused on so-called Level I high-tech industries, a group defined by the as businessees where at least a quarter of all employees are directluy involved in technology-oriented work. That includes the computer, control-instruments, pharmaceutical and semiconductor industriee andscientific research-and-development For a complete list of the 100 visit bizjournals.
com/specials/pages/251.html. This definition of high-tecuh jobs is more restrictive than otherd used by someprivate analysts, yet it stilll includes more than 4 million positionz in the 100 markets. Last in the overalol rankings is Stockton, about 90 miles from San Stockton hasjust 1,540 high-tecn jobs, which translates to 8.6 per 1,000 private-sectof positions. Both statistics are the weakest amongthe nation’sz 100 major markets. Only 3.3 percent of Stockton’ws adults hold advanced degrees, which is less than half the study group’s average of 8.4 percent.