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@2016 MASSTLC ALL RIGHTS RESERVED
State of the Tech Economy
Tom Hopcroft, President & CEOMass Technology Leadership Council
June 21, 2016
@2016 MASSTLC ALL RIGHTS RESERVED
INDUSTRY
GOVERNMENT
INVESTORS
ACADEMIA
ENTREPRENEURS
Key Facts:Industry Assn. – IRC 501(c)(6)500+ Company MembersStart-ups to EnterprisePulse of Technology:
Big DataCloudIoT
Ed Foundation – IRC 501(c)(3)
MobileRoboticsSecurity
©2016 MASSTLC ALL RIGHTS RESERVED
Industry’s Voice for Tech in MAMassTLC is the state’s largest non-profit
tech group
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Tech is a Major Driver of MA Economy
Tech Underpins 35% of MA Jobs Tech Underpins 46% of MA Payroll
Tech Underpins 31% of MA GSP Tax Resulting = 16% of MA Budget
Source: MassTLC 2016 State of Technology Economy ReportAnalysis conducted for MassTLC by the UMass Donahue Institute on 2016 Cyberstates data with economic impact calculations based on 2013 IMPLAN model for Massachusetts.
@2016 MASSTLC ALL RIGHTS RESERVED
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MA is well positioned to lead…
@2016 MASSTLC ALL RIGHTS RESERVED
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…but talent remains the #1 constraint
Tech Sector Growth Underperforming MassTLC 2020 Challenge of 100K New Jobs this Decade
Current ratio of tech job openings to graduates
Source: MassTLC 2016 State of Technology Economy ReportAnalysis conducted for MassTLC by the UMass Donahue Institute on 2016 Cyberstates data with MassTLC 2020 Challenge targets rationalized with new federal data codes.
@2016 MASSTLC ALL RIGHTS RESERVED
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Talent is distributed evenly in populations, Unfortunately,
opportunities are not.Just bringing participation of women up to that of men would bring another 78,000 workers off the sidelines and into an economy that pays twice the state average
Source: MassTLC 2016 State of Technology Economy ReportAnalysis conducted for MassTLC by the UMass Donahue Institute on 2016 Cyberstates data plus research conducted by MassTLC & Bentley on women on MA Tech boards.
@2016 MASSTLC ALL RIGHTS RESERVED
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2014 » 19 Teams » 76 Girls2015 » 28 Teams » 112 Girls2016 » 39 Teams » 156 Girls
Changing the Equation
for Girls in Tech MassTLC Showcase Winners
Honored at MA State House
TRANSFORM A Purpose-Driven Conversation & Idea-a-thon
November 17, 2016www.masstlctransform.org
TRANSFORM is a purpose-driven experience designed to develop actionable outcomes with breakthrough insights for industry, academia, and policy leaders to address the social, political, and economic structures of our times:
• Population Demographics & Urbanization• Automation, Labor Markets, Talent, Skills• Democratization of Regulated Industries• Telling Our Story: Boston’s Brand Identity
@2016 MASSTLC ALL RIGHTS RESERVED
May 17, 2016
“[F]ailing to bring more women and minorities into the tech workforce
could hurt the state’s attempts to stay ahead in a growing national race to
build local tech hotbeds.”