Employment in New Hampshire’s technology sector continued to see year-over-year growth as employers added 2,819 new jobs, a 4.2% increase from last year, according to the Cyberstates 2019 Research Report. The report provides detailed national, state and city analysis of the U.S. tech industry and workforce and enables states to benchmark their year over year economic impact and compare it to other states.
“The trajectory of New Hampshire’s economy continues to bend heavily toward technology and advanced manufacturing,” says Taylor Caswell, commissioner of the Department of Business and Economic Affairs. “The result has been the acceleration of an ecosystem with new, younger workers coming to the state faster than any other state in the Northeast, a new generation of entrepreneurs and homegrown capital access with no capital gains, sales or income taxes.”
According to the Cyberstates report, the tech sector accounted for 13.8% ($10.6 billion) of the state’s gross domestic product in 2018 – a significant increase of 1.2% over 2017 – and employs 9.8% (70,000 people) of the overall workforce in the state.
“New Hampshire is consistently ranked as one of the best states to live, raise a family and retire,” says Julie Demers, executive director of the NH Tech Alliance. “One reason for this is because the tech sector creates good, high-paying jobs that contribute to our quality of life, education and health.”
The report shows the annual average wage for a tech industry worker in New Hampshire is above $78,000, which is 80% higher than the median state wages.
Cyberstates 2019 is based on the Computing Technology Industry Association’s (CompTIA) analysis of data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, EMSI and other sources. The complete report with full national, state and metropolitan level data is available at http://www.cyberstates.org.