Wilmingtonbiz logo
Print
Technology

Technology Industry Report Spotlights Areas Of Activity

By Jenny Callison, posted Mar 6, 2017
The technology industry is an increasingly healthy part of North Carolina’s economy, according to a new report published by the N.C. Technology Association.
 
The group recently released its annual North Carolina State of Technology Industry Report. Data used in the report, drawn largely from 2015, analyzes four subsectors: energy technology, environmental technology, life sciences technology and information technology. In 2015, these subsectors combined employed more than 239,000 people and were worth $82 billion in sales revenue, according to the report.
 
Randall Johnson, executive director of N.C. Biotechnology Center’s Southeastern Office, said he found the report’s results consistent with what his organization observes in the life sciences subsector in southeastern North Carolina.
 
“In the region’s clinical research industry cluster, we are seeing an increase in the number of companies represented here, as well as an increase in the number of southeastern residents employed by clinical research companies,” he said. “In partnership with UNCW, we will soon announce several new tools and initiatives to support the region’s clinical research industry cluster workforce.”
 
The report also found that North Carolina ranks first nationally in percentage of its tech workforce made up of women.
 
“While we have been instrumental in connecting more women with technology career opportunities, we have also noticed that there are also many more female entrepreneurs in the technology sector,” said Emilyanne Atkinson, CEO of the Wilmington-based Cape Fear Women in Tech group.
 
Other key findings from the report were:
  • North Carolina ranks third in overall tech employment growth;
  • Of all North Carolina’s sales revenues, 20 percent is generated by the tech industry;
  • Between 2010 and 2015, North Carolina ranked first among all 50 states in IT sector employment growth. That rate, at nearly 28.5 percent, was double the national average.
Overall, the state report concluded, the technology industry accounted directly for 5.8 percent of the total jobs in North Carolina but about 11 percent of total wage earnings and sales.
 
“For comparison, health care and social assistance and construction industries make up for 12% and 5% of the state’s employment respectively,” the report stated. “In 2015, there were over 18,000 technology establishments operating in North Carolina, an increase of 1,000 from estimates in the previous State of Technology Industry report.”
 
Johnson said he thinks industrial biotechnology is an area that could continue to grow in the region and the state.
 
“The waste-to-energy – industrial biotech – projects we’re helping to commercialize in the region are the nexus of the biotechnology and renewable energy sectors that we’ve been building toward for years in the southeastern region,” he said. “I expect to see significant growth in the industrial biotech sector in our region and across the state over the next five years, especially as we capitalize on the anticipated growth of the food processing sector, which could provide inputs for the waste-to-energy industry.”

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Where In The “World” Is Cameron School of Business?

Robert Burrus - Cameron School of Business - University of North Carolina Wilmington
Dallas headshot 300x300

Protect Against The Pain Of Exiting Your Business

Dallas Romanowski - Cornerstone Business Advisors
Karagansmanncshlaw300x300

Cashing A Paper Savings Bond After The Owner Dies

Kara Gansmann - Cranfill Sumner & Hartzog LLP

Book On Business

Bob2017

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Funding Options Remain On The Table

Even in these days of tightening federal and state budgets, there is a piece of good news for small businesses that want to grow through exporting. The federal Small Business Administration has announced that it still has grant funds available through its State Trade Expansion Program in the current fiscal year.

Jobs 101: Higher Ed's Future Focus

This month, thousands of students are coming back for their fall semesters at Wilmington’s higher education institutions, which are consider...

Building Around Shipping Containers

As the regeneration of shipping containers accelerates globally, the Port City is about to enter the fray of using them for housing and offi...

Ico topnews Editor's Picks

For Soccer Fields, City Kicks Around Options, Including Echo Farms

Cece Nunn - Aug 18, 2017 Trending News

With Revised Agreement, Water Street Deck Demolition Process Could Start Next Month

Cece Nunn - Aug 18, 2017

Midtown Business Expands With Julia's Events

Cece Nunn - Aug 17, 2017

State Reports Annual Visitor Spending Amounts For Region

Christina Haley O'Neal - Aug 17, 2017
Personalized Products

Salon Beyond Basics

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast: Coach C.B. McGrath - June 2017
Wilmington's Most Intriguing People of 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad