florida.HIGH.TECH florida.HIGH.TECH 2017 | Page 14

The Corridor is home to a growing number of tech clusters . Here we analyze the largest sectors .

research

The technology industry clusters are based upon a modification of standard , published definitions from TechAmerica ( formerly AeA ) using specified NAICS ( North American Industrial Classification System ) industries . For each technology industry cluster , data retrieved from the Quarterly Census of Employment Wages ( QCEW ) is aggregated for each of the NAICS industries identified via TechAmerica . The statistics are based upon QCEW employer data from the Florida Department of Economic Opportunity , aggregated at the county-by-county level for the 23-county Florida High Tech Corridor region . The data used in this study is the most recent data available from the first quarter of 2016 .

overview

In 2016 , The Corridor supported an estimated 20,963 technology establishments and 238,032 technology jobs , with an average salary of $ 79,346 . Financial services remains the largest sector with an estimated 94,802 jobs . The highest paying technology sectors are Aerospace and IT , both of which pay more than $ 86,000 per year in average salaries . The Microelectronics sector has the largest individual employers , averaging over 52 employees per establishment .

Financial Services 10,082 94,802 $ 7,596,578,008 9.40 $ 80,131 39.83 % IT 5,338 46,326 $ 4,165,395,200 8.68 $ 89,915 19.46 % Aerospace 317 14,728 $ 1,267,984,564 46.46 $ 86,093 6.19 % Microelectronics 271 14,301 $ 1,028,394,104 52.77 $ 71,911 6.01 %

Medical Technologies 691 13,123 $ 800,511,256 18.99 $ 61,001 5.51 %

Photonics 179 1,924 $ 137,531,532 10.75 $ 71,482 0.81 %

Total 20,963 238,032 $ 18,886,985,720 11.35 $ 79,346 100 %

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