The North Carolina State of the Technology Industry Report (NC STIR) is in its fourth year. First produced in January 2015, the report analyzes, highlights and tracks an important and growing industry for the State of North Carolina. The report identifies results to celebrate for NC TECH members and issues that affect the state’s competitiveness for North Carolina’s state and local policy makers. The North Carolina Technology Association (NC TECH) has committed to conduct this research annually. This 2018 report shows the final statistics in tech for 2016.
This report includes facts, statistics, trends, and insights into North Carolina’s technology industry. It provides information for companies considering headquarter relocation, operations establishment or expansions. It is a source of data and trends for policy makers, and a resource for innovation sector organizations, the economic development community and for the media. First and foremost, the report highlights the vibrancy and immense economic impact of North Carolina’s technology sector.
The North Carolina Technology Association (NC TECH) was founded in 1993 with a mission to advance North Carolina’s technology sector. NC TECH, now celebrating 25 years, has more than 650 members including the top technology companies, organizations and institutions across North Carolina. NC TECH brings together executives around the business of technology for peer interaction, educational programming, information sharing, relationship building and networking. NC TECH is the go-to organization for policy makers on issues affecting the tech sector and supports the development of world-class, well-educated students and workers to make North Carolina a favorite home for globally competitive companies.
NC TECH contracted with Economic Leadership of Raleigh, North Carolina to again create and build the State of the Technology Industry report. As technology has expanded, and permeated every industry, maintaining a consistent and transparent definition of the technology sector has become both challenging and even more important. For this report, the technology sector is broken down into the following sub-categories:
- Information Technology,
- Hardware and Software,
- Energy Technology,
- Environmental Technology, and
- Life Sciences.
These sectors were chosen based on several definitions of the technology industry, primarily TechAmerica Foundation’s 2013 Technology Industry Classification and is consistent with the previous State of the Technology Industry reports conducted for NC TECH. A full accounting of the categories is provided in the appendix.
Information Technology (IT) includes sub-categories related to electronic computers and storage, radio and television, satellite telecommunications, computer facilities, communications equipment and other electrical equipment. Energy Technology includes sub-categories related to natural gas, petroleum, coal, mining, fossil fuel, solar power, wind power and oil and gas operations. Environmental Technology includes sub-categories related to sewage treatment, steam, electricity, batteries, hazardous waste, solid waste, septic and remediation services. Life Sciences include sub-categories related to medicinal and botanical manufacturing, pharmaceuticals, electro-medical manufacturing, surgical and dental manufacturing, and research and development in biotechnology.
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