Pittsburgh Technical Council

2016 State of the Industry Report

2016 State of the Industry Report

Article Published: June 28, 2016

SOI 2016 385This year’s State of the Industry Report compares three years of data for each of six main technology industry clusters for three years ending 2014, the latest year for which complete data is available. In addition, this report examines progress from a decade ago for the year 2005.

With the exception of energy technology, the number of establishments has declined slightly in the remaining industry clusters, but all have shown advances in the number of employees, the total annual payroll and average wages.

Energy technology once again leads the pack in total annual payroll growth of 7.7 percent, which is a significant measure of wealth creation for the region. The advanced materials and technology-intensive manufacturing industry clusters follow close behind with 6.9 and 6.6 percent growth in payroll, respectively. Advanced materials hit double-digit growth in average wages.

Southwestern Pennsylvania counties in the Pittsburgh region tracked for this report include Allegheny, Armstrong, Beaver, Bedford, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Somerset, Washington and Westmoreland.

HIGHLIGHTS:

 

The 9,948 technology establishments tallied in the year 2014 represent more than 13 percent of all companies in the 13-county region.

 

> These firms employ 302,535 individuals and account for nearly 24 percent of the area’s overall workforce, which is up slightly from the previous year.

 

> The $22 billion annual payroll of technology and related companies, including the health services subcluster, represents more than 35 percent of the region’s total wages, which is up one percentage point over the previous year and is a record high percentage since this report began publishing in 1999.

Read the report here.

Sign In or Join Up