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Crippling Global Labor Shortages by 2030Germany will see a shortage of up to10 million.Brazil will have a shortage of up to40.9 million people.Canada’s labor deficit of up to 2.3million.China’s shortage of up to 24.5 millionpeople.Source: Boston Consulting Group
Workforce – The Site Selectors Guild Access to talent remains the most important global factor inlocation decisions Workforce shortages are being compounded by immigrationpolicy constraints and insufficient worker training/retrainingprograms. Companies believe that diversity, equity and inclusion (DEI)initiatives positively impact their ability to attract and retaintalent
The Great Resignation, Reshuffle,Realignment, Reflection, RenegotiationBetween March 2020 and April 2021 half of all U.S. adults had experiencedsome change in their work.“The collective desireof the Americanworkforce for morerewarding ormeaningful work.”Strada September 2022
State of Technology Industry Report 2022
Latest Best States for Business RankingsForbesCNBCCEO MagazineBusiness Facilities1North CarolinaNorth th CarolinaAlabama5FloridaTexasIndianaNorth Carolina6GeorgiaTennesseeSouth h10IdahoGeorgiaArizonaMississippiVirginia, Florida, Utah 3 of 4Washington, Colorado, Indiana, Ohio 2 of 4
North Carolina Technology IndustrySummary Statistics, 2020IndicatorEmployeesEstablishmentsWages (millions)Sales (millions)2%TechnologyIndustryStateTotalState 6% 32,144 274,79911.7% 99,087 907,63010.9%
North Carolina Total Tech Establishments,2013-20206,258 NET New Tech EstablishmentsOver the Past 8 Years16,400 17,23020,07419,37118,220 3.6%2.6%20162017201820192020
North Carolina Technology Industry bySub-Categories, ymentChange,2015-2020Establishments,2020Energy .0%1,640Life 01Technology Categories
Average Annual Earnings per Worker bySub-Industry, 2020North CarolinaNorth Carolina(Purchasing Power)National AverageEnergy Tech 139,000 151,500 162,000Environmental Tech 104,400 113,900 86,700Life Sciences 119,700 130,500 141,200IT 131,300 164,600All CategoriesNorthCarolina 143,200North Carolina(PurchasingPower)Tech Services 121,800 132,900 151,000Tech Manufacturing 136,600 149,000 152,800TOTAL TECH INDUSTRY 125,300 136,700 151,300Technology CategoriesNationalAverage
North Carolina’s Tech Industry bySuper Sub-Industries, entSoftware80,70030.8%12,2020.96Engineering, Environmental, & Clean Tech40,58627.7%3,2511.01Internet & Telecommunications38,290-6.9%2,5950.92R&D and Testing34,17537.0%2,4591.03Life Science Manufacturing30,7901.2%3241.43Electronics Hardware25,346-3.5%3040.92Remediation and Waste Management12,03218.7%9810.86601500%441.15Other Energy and Power Generation12,787-3.6%5000.44TOTAL TECH INDUSTRY275,30614.9%22,6580.94Renewable Energy
Staffing Patterns of Tech Industries and Tech Occupations, 5036% of tech occupation jobs areemployed in tech industries.
Top 10 Tech Occupations inNorth Carolina, 20202020OccupationsChange ningsPercentage ofTotal TechOccupationsSoftware Developers and Software QualityAssurance Analysts and Testers47,23448% 103,2505,81214%Project Management Specialists and BusinessOperations Specialists, All Other40,33030% 72,1104,43712%Computer Systems Analysts25,27518% 92,8502,8007%Computer User Support Specialists22,80813% 50,6702,2917%Management Analysts19,53432% 89,7702,4836%Market Research Analysts and MarketingSpecialists18,70933% 64,6902,5825%Computer and Information Systems Managers14,97532% 139,0101,7004%Financial and Investment Analysts, Financial RiskSpecialists, and Financial Specialists, All Other14,06028% 85,0501,6394%Network and Computer Systems Administrators10,963-1% 82,2201,0373%All Tech Occupations(b)345,64624% 84,06542,490Description
Tech Occupations as a Percentageof All Occupations, 2020
DataAnalyticsMultifactorAnalysis3rd PartyValidation
Methodology Informed by tech leaders Same methodology as last year Three sub-indexesTech Talent Supply (45%)Tech Talent Demand (35%)Innovation (20%) 21 Indices (7 each) equally weighted Top 105 populated MSAs plus 5 NCIndex Weighting20%35%45%Tech Talent SupplyTech Talent Demand 35%Innovation 20%
Top 10 Best Ranked Metros OverallMetro NameAustin-Round Rock-Georgetown, TXSan Jose-Sunnyvale-Santa Clara, CASan Francisco-Oakland-Berkeley, CABoston-Cambridge-Newton, MA-NHSeattle-Tacoma-Bellevue, WADurham-Chapel Hill, NCSan Diego-Chula Vista-Carlsbad, CARaleigh-Cary, NCWashington D.C.-Arlington-AlexandriaMinneapolis-St. Paul-Bloomington, MN-WITech 084.382.181.379.679.178.074.971.812345678910 20 20-40 6-10 1
Top 10 Best Ranked Metros OverallMetro NameAustin-Round Rock-Georgetown, TXSan Jose-Sunnyvale-Santa Clara, CASan Francisco-Oakland-Berkeley, CABoston-Cambridge-Newton, MA-NHSeattle-Tacoma-Bellevue, WADurham-Chapel Hill, NCSan Diego-Chula Vista-Carlsbad, CARaleigh-Cary, NCWashington D.C.-Arlington-AlexandriaMinneapolis-St. Paul-Bloomington, MN-WITech 084.382.181.379.679.178.074.971.812345678910 20 20-40 6-10 1
NC Metros Ranked- (110 US Metros)NC MetrosDurham-Chapel tonGreenvilleWinston-SalemGreensboro-High Tech Index Ranking6828547382849198105RankingAdult PopulationChange fromRankingPrevious Year0-1-1 6NR 8-7 2-6-29041221622588575111116140
Tech Worker Supply 45% of TotalTECH WORKER SUPPLYSourceData YearLightcast2021Census2020STEM educational completions per 1,000 adultsLightcast2020Number of online profiles in MSA with tech skills per1,000 adultsLightcast2018-2022Bachelor’s degree or higher per 1,000 dent tech workers per 1,000 adultsComputer, math, and statistics degrees per 1,000 adultsH-1B visa approvals per 1,000 adultsDiversity of tech occupations relative to total population
North Carolina Rankings
Number of Resident Tech Workers per1,000 AdultsRaleigh-Cary, NCDurham-Chapel Hill, NCCharlotte-Concord-Gastonia, Greensboro-High Point, NCWinston-Salem, NCWilmington, NCGreenville, NCFayetteville, NCAsheville, NCHickory-Lenoir-Morganton, NC44.632.029.216.515.815.813.813.110.29.8
Computer, Math & StatisticsDegrees per 1,000 AdultsRaleigh-Cary, NCDurham-Chapel Hill, NCCharlotte-Concord-Gastonia, NC-SCWilmington, NCGreensboro-High Point, NCAsheville, NCWinston-Salem, NCFayetteville, NCGreenville, NCHickory-Lenoir-Morganton, NC34.824.720.016.213.412.911.610.29.86.0
STEM Educational Completions per1,000 AdultsGreenville, NC10.07Raleigh-Cary, NC7.66Durham-Chapel Hill, NC6.33Greensboro-High Point, NCWilmington, NCCharlotte-Concord-Gastonia, Fayetteville, NCHickory-Lenoir-Morganton, NC2.442.151.821.811.46Winston-Salem, NC1.16Asheville, NC1.14
# of Online Profiles with Tech Skillsper 1,000 AdultsRaleigh-Cary, NCCharlotte-Concord-Gastonia, Durham-Chapel Hill, NCWilmington, NCGreensboro-High Point, NCAsheville, NCWinston-Salem, NCGreenville, NCFayetteville, NCHickory-Lenoir-Morganton, NC52.530.026.819.216.514.710.59.79.17.0
# of People with BA or Higher per1,000 AdultsRaleigh-Cary, NCDurham-Chapel Hill, NCWilmington, NCAsheville, NCCharlotte-Concord-Gastonia, Greenville, NCGreensboro-High Point, NCWinston-Salem, NCFayetteville, NCHickory-Lenoir-Morganton, .5
H-1B Visa Approvals per 1,000AdultsDurham-Chapel Hill, NCRaleigh-Cary, NC6.5Charlotte-Concord-Gastonia, 5.6Wilmington, NC3.1Greenville, NC2.6Greensboro-High Point, NC2.1Winston-Salem, NC1.1Hickory-Lenoir-Morganton, NC 0.4Fayetteville, NC 0.3Asheville, NC 0.232.6
Tech Worker Diversity IndexAsheville, NCHickory-Lenoir-Morganton, NCWinston-Salem, NCCharlotte-Concord-Gastonia, Wilmington, NCRaleigh-Cary, NCDurham-Chapel Hill, NCGreensboro-High Point, NCFayetteville, NCGreenville, NC152.2149.1106.8105.5102.193.091.485.575.665.9
Tech Worker Demand 35% of TotalTECH WORKER DEMANDSourceData YearTech occupation location quotient (LQ)Lightcast2021Unique job postings with tech skills per 1,000 adultsLightcast2018-2022Median job posting durationLightcast2018-2022Cost of living adjusted tech wagesLightcast2021Annual tech job openings per 1,000 adultsLightcast2018-2022Competitive effect of tech job growthLightcast2018-2022Turnover rate of employeesLightcast2021
North Carolina Rankings
Tech Worker Location QuotientDurham-Chapel Hill, NCRaleigh-Cary, NCCharlotte-Concord-Gastonia, Wilmington, NCGreensboro-High Point, NCWinston-Salem, NCFayetteville, NCGreenville, NCAsheville, NCHickory-Lenoir-Morganton, NC1.941.711.280.690.680.670.570.540.480.32
Unique Job Postings with TechSkills per 1,000 AdultsDurham-Chapel Hill, NCRaleigh-Cary, NCCharlotte-Concord-Gastonia, Greensboro-High Point, NCFayetteville, NCWinston-Salem, NCWilmington, NCHickory-Lenoir-Morganton, NCGreenville, NCAsheville, NC116.1102.380.126.424.619.014.610.59.46.4
Median Job Postings with TechSkills Durations, DaysGreenville, NCWilmington, NCWinston-Salem, NCHickory-Lenoir-Morganton, NCFayetteville, NCGreensboro-High Point, NCAsheville, NCCharlotte-Concord-Gastonia, Durham-Chapel Hill, NCRaleigh-Cary, NC28262523232322222221
Cost of Living Adjusted MedianHourly Tech WagesDurham-Chapel Hill, NCCharlotte-Concord-Gastonia, Raleigh-Cary, NCWinston-Salem, NCGreensboro-High Point, NCFayetteville, NCWilmington, NCGreenville, NCHickory-Lenoir-Morganton, NCAsheville, NC 52.55 51.64 51.63 45.32 45.15 43.31 42.21 40.19 37.04 36.55
Annual Tech Job Openings per1,000 AdultsDurham-Chapel Hill, NCRaleigh-Cary, NCCharlotte-Concord-Gastonia, Wilmington, NCWinston-Salem, NCGreenville, NCGreensboro-High Point, NCFayetteville, NCAsheville, NCHickory-Lenoir-Morganton, NC6.754.593.861.901.761.721.661.361.350.75
Competitive Effect of Tech JobGrowth per 1,000 AdultsDurham-Chapel Hill, NCAsheville, NCCharlotte-Concord-Gastonia, NC-SCGreenville, NCWinston-Salem, NCWilmington, NCRaleigh-Cary, NCFayetteville, NCGreensboro-High Point, NCHickory-Lenoir-Morganton, NC7.091.831.801.571.250.250.120.00-0.08-0.64
Turnover Rates of Tech WorkersFayetteville, NC32.8%Greenville, NC33.6%Durham-Chapel Hill, NC36.8%Hickory-Lenoir-Morganton, NC39.2%Wilmington, NC39.7%Asheville, NC42.4%Raleigh-Cary, NC43.0%Greensboro-High Point, NCWinston-Salem, NCCharlotte-Concord-Gastonia, 47.3%48.5%50.6%
Metro Innovation 20% of TotalINNOVATIONSourceData YearUS PatentOffice2019Higher education R&D as % of gross area productNSF2020Business funded higher education R&D as a % of grossarea productNSF2020SBIR/STTR funding per of gross area productSBIR2020Business dynamism rate (opening vs closing Rate)Census2019Business applications per 1,000 adultsCensus2021NSF2019Patents per 1,000 workersBusiness R&D as a % of gross area product
North Carolina Rankings
Patents per 1,000 WorkersRaleigh-Cary, NC2.00Durham-Chapel Hill, NC1.83Winston-Salem, NC0.78Hickory-Lenoir-Morganton, NC0.61Charlotte-Concord-Gastonia, 0.56Wilmington, NC0.49Asheville, NC0.44Greensboro-High Point, NC0.43Greenville, NCFayetteville, NC0.160.09
Higher Ed R&D as % of GDPDurham-Chapel Hill, NC4.32%Winston-Salem, NC0.74%Greenville, NC0.60%Raleigh-Cary, NC0.57%Greensboro-High Point, NC0.15%Wilmington, NC0.10%Charlotte-Concord-Gastonia, NC-SC0.03%Asheville, NC0.02%Fayetteville, NC0.01%Hickory-Lenoir-Morganton, NC0.00%
Business Funded Higher Ed R&Das % of GDPDurham-Chapel Hill, NCRaleigh-Cary, NCGreenville, NCWinston-Salem, NCWilmington, NCCharlotte-Concord-Gastonia, NC-SCGreensboro-High Point, NCFayetteville, NCAsheville, NCHickory-Lenoir-Morganton, 0.000%0.000%
SBIR/STIR Funding per 1Million GDPDurham-Chapel Hill, NCRaleigh-Cary, NCHickory-Lenoir-Morganton, NCWinston-Salem, NCWilmington, NCCharlotte-Concord-Gastonia, Asheville, NCFayetteville, NCGreensboro-High Point, NCGreenville, NC 1,544 345 200 104 68 13 0 0 0 0
Business Dynamism RateCharlotte-Concord-Gastonia, NC-SC2.0%Asheville, NC1.8%Raleigh-Cary, NC1.8%Wilmington, NC1.3%Durham-Chapel Hill, NC0.7%Greensboro-High Point, NC0.3%Fayetteville, NC0.3%Winston-Salem, NC0.3%Greenville, NC0.1%Hickory-Lenoir-Morganton, NC0.1%
Business Applications per 1,000AdultsCharlotte-Concord-Gastonia, NC-SCRaleigh-Cary, NCFayetteville, NCGreenville, NCGreensboro-High Point, NCDurham-Chapel Hill, NCWilmington, NCWinston-Salem, NCAsheville, NCHickory-Lenoir-Morganton, NC30.727.927.527.024.122.622.617.717.511.6
Business Funded R&D as % of GDPDurham-Chapel Hill, NCWilmington, NCRaleigh-Cary, NCHickory-Lenoir-Morganton, NCAsheville, NCGreenville, NCFayetteville, NCGreensboro-High Point, NCWinston-Salem, NCCharlotte-Concord-Gastonia, 10.0%4.1%3.8%2.6%2.6%2.6%2.6%1.8%1.1%0.7%
Summary and Thoughts Little overall rankings change from the last report Durham-Chapel Hill, Raleigh & Charlotte among the nationalleaders Wilmington and Winston-Salem improved 6 and 8 positionsrespectively Many NC metros have specific strengths Greenville-STEM grads &substantial R&D; Asheville & Hickory-Strong Tech Worker Diversity;Asheville & Wilmington-High Business Dynamism Rate;Fayetteville-Low Turnover Rate
North Carolina Competitive Assets for Technology CompaniesWorkforceCost EnvironmentInfrastructureStrong populationgrowthCompetitivecosts of livingReliable energy Increasing venturegridcapital activityTop 20 rankedtax climateExtensive highspeedbroadbandnetworkCompetitiveenergy pricesTop 20 rankedregulatory and legalPort accessibilityenvironments forbusinessLeading researchuniversitiesOutstandingcommunity collegesystems spreadthroughout the stateFinancial & RegulatoryCompetitive incentivepackages
Long Term Tech Industry Employment Trends2001 Employment Levels 100150United StatesAmerican South125North Carolina100752001 2004 2007 2010 2013 2016 2019 2022 2025 2028 2031
Post-Pandemic Ripples3rd yChainsGeopoliticalCompetition
What is Important to YourDecision?1) Cost of Living2) HousingAvailability/Cost3) Safety/Crime Rates4) Quality Healthcare5) Welcoming/Friendly6) Climate7) Outdoor Recreation
6 Georgia Tennessee South Carolina Indiana 7 Tennessee . Computer, math, and statistics degrees per 1,000 adults Census 2020 STEM educational completions per 1,000 adults Lightcast 2020 Number of online profiles in MSA with tech skills per 1,000 adults Lightcast 2018-2022 Bachelor's degree or higher per 1,000 adults Lightcast 2021 H-1B visa .
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University Course Offerings in Oklahoma for Alternative Certification Requirements (Published October 2020) Information provided in this document is current as of the date of publication. To get the most current information regarding the course offerings, please contact the individual serving as the representative at each institution.
