SOURCE: New Mexico Technology Council

New Mexico Technology Council

May 02, 2016 11:11 ET

New Mexico Continues to Drive Economic Development Through Technology

ALBUQUERQUE, NM --(Marketwired - May 02, 2016) - While unemployment remains a state and national concern, heightened locally due to recent breaking news that Intel Corp will lay off about 215 employees at its Rio Rancho chip fabrication facility (headcount will be reduced by 12,000, globally), the technology industry continues to be a significant contributor to the state's overall economy, accounting for an estimated 5.5%. In the 4th quarter of 2015, NM saw an increase in postings for jobs in the tech-sector, for a total of 2,700 new postings -- up 8%, year over year. The technology industry added 263 New Mexico jobs in 2015, alone, bringing total tech employment in the state to nearly 47,000, ranking it 32nd in the country according to Cyberstates 2016: The Definitive State-by-State Analysis of the U.S. Tech Industry, published by the Computing Technology Industry Association (CompTIA).

For its part, the New Mexico Technology Council (NMTC) strives to create and nurture an economic environment conducive to job growth, specifically in the technology sector. "The New Mexico Technology Council represents approximately 150 organizations and individuals dedicated to the continued growth of New Mexico's dynamic technology-based economy," Nyika Allen, Executive Director for NMTC. "We work hard to connect business with local providers, introduce new faces to the community and help members build their brand through networking and exposure, through organizing over 50 events annually. Unquestionably, their efforts contribute greatly to the economic development of the region by leading unique initiatives to advance STEM, individualized careers and the development of a robust talent pool. These efforts have been, and continue to be, essential to create, attract and grow jobs in the region, ensuring New Mexico's long term goal as a vibrant tech community."

Cyberstates represents a comprehensive look at tech employment, wages, and other key economic factors nationally and state-by-state, covering all 50 states and the District of Columbia. Now in its 17th edition, Cyberstates 2016 relies primarily on data from the U.S. Bureau of Labor Statistics. The report provides 2015 national and state-by-state data on tech employment, wages, establishments, payroll, wage differential, employment concentration, economic output, and job openings. All data are the most recent available at the time of production. The BLS data is preliminary and subject to revision. The full report can be found at: https://www.comptia.org.

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