Metro Detroit’s technology economy is among the tops in the nation, according to Automation Alley’s Technology Industry Report.
The report, presented Thursday at Automation Alley’s Technology Industry Outlook at the Colony Club in Detroit, was compiled by the Anderson Economic Group of East Lansing. It bench marked the metro Detroit region against 14 other high-tech hubs across the nation.
“You have a technology industry in metro Detroit that is the equal to all of Silicon Valley,” said Patrick Anderson, who found Metro Detroit comparable in terms of number of jobs, employers and occupations. “Right now you have the technology weight of Silicon Valley right around you, and it has been building for the last 10 years.”
Detroit was measured against other regions across the country, including San Jose, Calif.; Seattle; Austin, Texas; Chicago; and Boston for job creation, business creation, innovation and education.
The report analyzed data from sources including the U.S. Census Bureau, U.S. Patent and Trademark Office and the National Center for Education Statistics for sectors including defense, chemical, life sciences advanced manufacturing, related and other technologies along with STEM education.
In many of these areas, the report found metro Detroit ranks highly in the following categories:
- First nationally in the number of advanced automotive industry jobs and establishments.
- First nationally in the number of engineering technology degrees earned.
- First in the Midwest in the concentration of tech-focused jobs.
- First nationally in the number of architectural and engineering jobs.
- Second in the Midwest in the number of utility patents issued.
- Third nationally in the percentage of total employment in the technology industry.
- Third nationally in the number of science, technology, engineering and math (STEM) degrees earned
- Third in the Midwest in the number of technology establishments.
Not surprisingly, metro Detroit had the most advanced automotive establishments with 462. But it is not just the traditional assembly plant — advanced manufacturing facilities are building state-of-the-art vehicles.
Click HERE For The Full Article!