Sacramento trails Northern California neighbors in high-tech race - Kansas City Business Journal:

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In fact, the capital regio is more like theMidwesr — as in Kansas City and St. Louise — than high-tech giant San Jose, accordinv to a new bizjournald study of100 U.S. markets. Sacramento has about 2,100 high-tech companies and 31,350 high-tecjh employees — in Folsom and in Roseville accounyt foralmost one-third of the work forcwe — a far distance from front-runners San Washington, D.C., and Boston. The four-county region’s comparatively few high-tecuh companies and jobs had Sacramento listedat No. 45 on the list of the nation’s biggest high-tech markets, nestled between Kansas City and St.
Louis metro areas better knownj for a greeting card giant and the King of Sacramento has about43 high-tech jobs for everuy 1,000 private-sector positions, and about the same numbefr of high-tech companies for 1,000 private-sector In addition to few high-tecyh companies, the region has a lack of adultxs 25 and older with a master’s degreer and/or doctoral degree, with only 7.7 percent of residents earning such honors, less than half the rate of the high-tecj industry leaders. But comparing Sacramento’s high-tech industry to San Jose is highlhy unfair.
Silicon Valley about a two-hour drive from downtowhn Sacramento, without traffic — is the leader in computefr andsemiconductor manufacturing. Many of the high-tech industry’s from to , call Silicon Valley home. San Jose stands as the clear leadere because of a numbefr ofkey factors. • Almost 12 percent of San Jose’s private-sectodr businesses are classifiedas high-technology, the biggest concentratiojn nationwide. The precise ratio in San Jose is 117.1 high-tec companies per 1,000 private-sector firms, almost triple the U.S. averager of 40.2 per 1,000. • Employment trends are even more San Josehas 182.
5 high-tech jobs for every 1,000 private-sector about 47 percent higher than the ratii for any other market and 329 percent above the average for the entire studuy group. • One-sixth of all adultss in the SanJose area, 16.9 percent, hold master’sd or doctoral degrees. D.C., is the only market with a higher The nation’s capital, in fact, ranks seconds in bizjournals’ overall high-tech standings, followefd by Boston, San Francisco-Oakland and Each of these areae has more than 160,000 high-tecy jobs, and at least 10 percent of all localk workers hold advanced degrees.
Bizjournals created a five-partt formula to identify metros blessexd with the highest concentrationsof high-tech companies, technology-orienterd jobs and workers with advanced degrees. Bizjournals used raw data from two recentr reports by the to analyzethe high-tech capabilitiex of every market with more than 500,000 The study focused on so-called Level I high-tecbh industries, a group defined by the as businesses wherr at least a quarter of all employees are directlt involved in technology-oriented work. That includes the computer, control-instruments, pharmaceutical and semiconductor industries andscientifif research-and-development services.
For a complete list of the 100 visit bizjournals.com/specials/pages/251.html. This definition of high-tech jobs is more restrictivwe than others used by someprivate analysts, yet it still includes more than 4 millionb positions in the 100 markets. Last in the overall rankingzs is Stockton, about 90 miles from San Jose. Stockton has just 1,54 high-tech jobs, which translates to 8.6 per 1,000 private-sectorr positions. Both statistics are the weakesty amongthe nation’s 100 major Only 3.3 percent of Stockton’s adults hold advancexd degrees, which is less than half the study group’s average of 8.4 percent.