How good is the economy for the future in California? Look to the data of the current growth in the technology industry. The top three regions for tech market growth are NOT in the State of California. Policies have consequences and the high tax, bad regulations adding massive costs to doing business in the State are taking their toll. Jobs and growth in the number one industry, high paying industry, is no longer in the former Golden State.
“DFW boasts some of the greatest momentum in the country when it comes to high-tech job growth, a new study has found.
The area’s growth rate for high-tech jobs increased from 10.8 percent during the 2012-2014 period to 19.7 percent in 2013-2015, according to CBRE’s Tech Thirty report. Only two other markets – Toronto and Charlotte – saw a higher percentage-point increase.
“We are seeing announcement after announcement of people opening up here,” said Jeff Eiting, who co-leads the Tech and Media Practice Group at CBRE’s Dallas office. “And that’s probably about 20 percent of the people who are actually looking here. You have this constant deal flow.”
In big ways and small ones the signs of decline for California are everywhere. How do we get mediocre films and TV shows filmed in California? By bribing the producers with tax dollars, not great workers and an economy that works for all. This should be a sign used by the Republicans in the legislature—instead of denouncing President-Elect Trump for enforcing our immigration laws.
CBRE: Dallas-Fort Worth among the three tech markets with most momentum
Shawn Shinneman, Dallas Business Journal, 12/6/16
DFW boasts some of the greatest momentum in the country when it comes to high-tech job growth, a new study has found.
The area’s growth rate for high-tech jobs increased from 10.8 percent during the 2012-2014 period to 19.7 percent in 2013-2015, according to CBRE’s Tech Thirty report. Only two other markets – Toronto and Charlotte – saw a higher percentage-point increase.
“We are seeing announcement after announcement of people opening up here,” said Jeff Eiting, who co-leads the Tech and Media Practice Group at CBRE’s Dallas office. “And that’s probably about 20 percent of the people who are actually looking here. You have this constant deal flow.”
CBRE’s Tech Thirty is an annual look at the thirty fastest growing high-tech software and service markets in the country. San Fransisco topped the list for the fifth straight year, growing within the sector at a 47-percent rate. Phoenix and Austin came in second and third at 44.5 percent and 33.3 percent, respectively.
But Austin’s growth rate remained stagnant from the prior three-year period, and San Francisco and Phoenix each increased by about 4 percentage points – compared to DFW’s 9 percentage-point increase.
Toronto, which is the top momentum tech city, boomed from 5.9 percent growth to 25.9 percent growth. Charlotte went from 18.6 percent to 33.2 percent.
Overall, about 93,000 people are employed in high-tech software and services jobs in DFW. The tech workforce is more than twice the size of Austin’s, CBRE noted.
“I think we’re poised to continue to rise up the charts for a long time,” Eiting told the Dallas Business Journal.
CBRE’s Colin Yasukochi, one of the authors of the report, pointed to several factors impacting DFW’s tech momentum. Local colleges are producing a heavy supply of job-ready graduates. And, as every company’s tech presence grows, the large corporate players in the area have increased the total number of tech jobs.
“A lot of the corporates and larger companies are also having a large portion of their capacities (dedicated) to technical things,” Yasukochi said. “Tech has been incorporated into almost every business.”
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