There aren’t many surprises within the newest version of the Milken Institute’s State and Technology Index, with high-tech hotbeds akin to Massachusetts, Colorado, California, Maryland, Washington and Utah receiving top-tier standing.
In reality, these six states additionally sat atop the record within the 2018 model of the report, which measures states throughout 5 core areas: analysis and improvement; threat capital and entrepreneurial infrastructure; human capital funding; expertise and science workforce; and expertise focus and dynamism.
Washington state — dwelling to juggernauts like Amazon, Microsoft and T-Cell — ranked fifth on the record, transferring up one spot when in comparison with 2018. California additionally moved up a spot, rating third. Oregon retained its total rating of 10th, whereas Mississippi completed in final place among the many 50 states.
Washington state tied with Maryland for first place within the expertise and science workforce subcategory, buoyed by sturdy employment positive factors at Seattle’s tech titans in addition to quite a few Silicon Valley firms which have established engineering facilities within the area in recent times.
“The state boasts a powerful cluster of software program and internet builders employed at expertise giants akin to Microsoft and Amazon but additionally throughout the thriving start-up surroundings,” the experiences says.
A separate study launched at the moment by the job search web site Certainly ranked the Seattle space because the third most strong marketplace for tech jobs behind the Washington D.C. and New York metropolitan areas. The report indicated that job seeker curiosity in Seattle tech jobs elevated by 6.9% since 2019.
Microsoft employs 58,059 workers within the Seattle space, whereas Amazon’s workforce totals greater than 55,000 within the metro space.
Washington state’s weakest subranking within the Milken report got here within the Human Capital Funding class — basically the state’s help for instructional sources in science, expertise, engineering and math. Washington ranked 14th, which incorporates metrics akin to state spending on college students, broadband entry, take a look at scores, and better schooling graduates.
Within the threat capital and entrepreneurial infrastructure subcategory, Washington state remained within the fifth spot. The report cites current VC-backed firms akin to Auth0, Icertis and Outreach as key members of the startup panorama, citing their current “unicorn” standing during which they acquired personal valuations of greater than $1 billion.
See the complete report here.