For much of the country, moving from recession to recovery has been more challenging than expected, as slow economic growth and persistent unemployment remain burdens. The Detroit area, however, appears back on the path to prosperity, with the technology sector providing a foundation for continued recovery and growth. In this report, we present the results of the most detailed analysis of the technology economy in leading technology hubs across the United States. Using the most current data available, we measured establishment counts, employment by industry and employment by occupation for the metro Detroit area. Additional data on postsecondary educational attainment in science, technology, engineering and mathematics (STEM) fields and patents issued were also analyzed and benchmarked. Together, these data provide a complete picture of the region’s technology sector as the “Great Recession” gave way to recovery and an indicator of potential expansion for coming years. Our analysis shows the Detroit region is securely positioned as a leading technology center, both in the Midwest and nationally. The data further show signs that the region is poised for technology-related growth that outpaces other leading tech hubs.
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AUTOMATION ALLEY’S 2012 TECHNOLOGY INDUSTRY REPORT
OUR ANALYSIS SHOWS THE DETROIT REGION IS SECURELY POSITIONED AS A LEADING TECHNOLOGY CENTER, BOTH IN THE MIDWEST AND NATIONALLY.