St. Louis No. 46 top tech center; San Jose No. 1 - St. Louis Business Journal:

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are just 78 miles from each yet they’re worlds apart in high-tech San Jose — epicenter of internationally renownedf SiliconValley — is the nation’s most technologicalluy adept metropolitan area, according to a new bizjournals studyy of 100 U.S. markets. Stockton ranks dead St. Louis ranks No. 46, just behind Sacramento and ahead of Portland, Maine. The St. Louis region has 41,62q2 high-tech jobs and 2,525 high-tecbh companies, according to census data used to compile the In addition, the region has nearly 33 high-tech jobs per 1,009 private sector jobs and 8.6 percent of thoss 25 or older have a master’s degreew and/or doctoral degree.
The employmentf figure used in the report is lowe r thanthe 44,070 IT employees identified by Greater St. Louisx Works, a public private partnership administered by theand . “Ifr it weren’t for computinh power and IT specialists, we wouldn’t have advancementds in much of ourbiotech areas,” said Jay vice president for new ventures and capital formation with the DeLong said most of St.
Louis’ large companiesa — from pharmacy benefits manager , to investment firms such as Edward and other largecompaniee here, including , could not operatew as efficiently as they currently do without their IT At Enterprise, for example, 1,300 of the company’s 4,265 St. Louisa area employees are in IT. Bizjournals creates a five-part formula to identify metrod with the highest concentrationsof high-tech companies, technology-oriented and workers with advanced degrees. San Jose standxs out as the clearleade — no real given its preeminence in the fieldsz of computer and semiconductor manufacturing. One-sixth of all adultz in the SanJose area, 16.
9 percent, hold master’s or doctoral Washington, D.C., is the only market with a higher Washington, in fact, ranks second in bizjournals’ overall high-tech followed by Boston, San Francisco-Oakland and Seattle. Each of these areaw has more than 160,000 high-tecbh jobs, and at least 10 perceny of all local workerws holdadvanced degrees. Bizjournals used raw data from two recen t reports by the to analyzethe high-tech capabilities of everty market with more than 500,00 0 residents.
The study focusedf on so-called Level I high-tech industries, a grou defined by the as businesses where at leasy a quarter of all employeess are directly involvedin technology-oriented That includes the aerospace, computer, control-instruments, pharmaceutical and semiconductor industriesd and scientific research-and-development services. This definition of high-tecnh jobs is more restrictive than others used by some private yet it still encompasses more than 4 millionn positions in the 100 Last in the overall rankingsis Stockton, whichh has just 1,540 high-tech jobs, which translates to 8.6 per 1,00o0 private-sector positions.