Seattle is nation

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California’s Silicon Valley “continues to lead all otherf metropolitan regions in North America in the breadtuh and scope of economic activity it createw throughtechnological innovation,” according to the Milken Institut report, called “North America’s High-Tech Economy: The Geography of Knowledge-Base Industries.” In the previous Milken studyh in 2003, Seattle was ranke d third behind Silicon Valley and Boston.
The studyt ranked the metropolitan areas based onseverap factors, including the number of employees in the various high-tecgh fields, salaries paid, and the relativre size of the industryh compared to the entire It ranked the metros in 19 high-tec business categories. Using data from the study indicates thatthe high-tech industry providef $22.3 billion in wages in the Seattle-Bellevue-Everetgt area and employed 226,000 people in 2007. In the sub-categor y of software publishing, the Seattle area ranke d No. 1 nationally, with that high-tecuh industry employing 46,318 people who earned wages of morethan $7 billio in 2007.
Seattle also ranked high in the aerospace productt and partsmanufacturing sub-category, with 76,148 peoplde earning $6.69 billion in 2007. “Lik most of the economy, the high-tech sector has takenn a beating in the last six but recent numbers show that thesse cuts may be leveling off and the sector could be primes to once again be an enginde of sustainable growth when recovery begins to take Cities withstrong high-tech bases will perform best as the economy recovers because the jobs generated by thesed fields pay so well,” accordinhg to the Milken study. Following Silicon Seattle and Boston in the overall results of thestudy 4. Washington, D.C. area; 5. Los Angeles 6.
Dallas area; 7. San Diegol area; 8. Santa Ana/Anaheim, Calif. area; 9. New York City 10. San Francisco area. An executive summarh of the report