Despite mixed rates of growth, positive trends continue for some technology industry clusters in southwestern Pennsylvania.

This year’s State of the Industry Report compares three years of data for each of six main technology industry clusters for three years ending 2022, the latest year for which complete data was available.

A region’s total annual payroll is the most significant measure of its wealth, and in southwestern Pennsylvania technology industry clusters examined herein account for 34 percent of the region’s total workforce payroll.

Most technology industry clusters experienced positive growth in total annual payroll, with the exception of information technology and energy. Even though these IT and energy clusters reflected negative growth in total annual payroll, the average paycheck in these industries grew slightly.

Advanced materials showed the most remarkable results with a nearly 17 percent increase in its total annual payroll after years of performance doldrums. The average wage for people working in advanced materials jumped more than 21 percent over the three-year measured period. 

The aggregate subclusters that make up life sciences had the second highest payroll growth at 12 percent. When considering health services as part of the life sciences cluster, it is important to note that its total annual payroll is the largest in this report at $8.6 billion. It also has the highest number of employees at more than 102,000. The average wage for health services workers grew at the second highest rate of 12.8 percent over three years.

Highlights:

• The 10,525 technology establishments tallied in the year 2022 represent more than 13.8 percent of all companies in the 13-county region.
• These firms employ 287,120 individuals and account for more than 23.8 percent of the area’s overall workforce.
• The $27.1 billion annual payroll of technology and related companies, including the health services subcluster, represents more than 34 percent of the region’s total wages.

Report Data/Insights

Quick Links:

• Six Generative AI Business Myths that Will Make You Rethink Everyhting: Read the report here.
• Pittburgh Technology Council Membership List by Category. 

Companies to Watch:

• Four Growers Robotic Technology Makes the Perfect Pick
• Aurora is Pioneering the Future of Autonomous Driving
• Mesta Electronics is on thr Cutting Edge of Engineering
• eHealth Technologies Speeds Care and Treatment for Patients
• MEPPI is Shaping the Future of Power Distribution

MindShare:

• Resolving Conflict Among Tech Business Owners
• The State of Stem
• Artificial Intelligence is Changing the Legal Industry
• Protect Your Life's Work With a Business Succession Plan
• Creating Ad Impressions that Matter
• Building a Better Workplace

Previous Reports:

• 2022
• 2021
• 2020
• 2019
• 2018
• 2017
• 2016
• 2015

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