Virginia’s Tech Industry Keeps Growing

Posted by Bob Hickey on Nov 11, 2019 9:00:00 AM

In ICS insights, Job Trends, IT, Candidate

It's no surprise to hear that California is topping data and statistical reports about technology workers across America. However, what comes as surprising now is Virginia has already developed into a tech hub, making it rank second in the country for its high concentration of tech workers. According to the Cyberstates 2019 report, more than 6,400 technology-related jobs were introduced in Virginia in 2018 compared to 2017. This is a massive increase in job openings, pushing Virginia further to the forefront of the technology industry.

Currently, the tech industry is responsible for 436,545 jobs in Virginia, which is now 10.7% of the state's total workforce. And as of 2018, Virginia's tech industry accounts for almost 13.5% of the state's overall economy valued at $62.7 billion. These numbers are indicative of Virginia's role in cultivating a region that encourages innovation and growth.

Why Virginia?

Several factors are fueling this high tech job growth. First off, more and more companies are moving to Virginia so that they can be located near the nation's capital—Washington, DC. An example of this is Amazon, which purposefully positioned its offices near the DC area. As a result, there is a higher demand for technical talent who have experience working with cloud computing, machine learning, and artificial intelligence.

Likewise, Virginia has created a school system churning out talented candidates who want to stay close to home. Both Virginia's primary and secondary schools emphasize STEM-related skills, which are invaluable for companies operating in the tech industry. The federal government, for instance, has drastically increased its use of cloud computing, which has paved the way for more jobs. And as more advancements are made in fields like cloud computing, tech employment in Virginia is foreseen to continue growing.

With more candidates flocking in and workers being nurtured within Virginia, the outlook for the state's future growth continues to be positive. Compared to 2017, Virginia had a 32% increase in its 2018 emerging tech job postings, which cover artificial intelligence and cybersecurity businesses. Plus, this boom has also resulted in high salaries for tech workers in Virginia at a median wage of almost $94,500.

These only mean that today, the increasing amount of workers and salaries is largely contributing to Virginia's economy. Tech employment in Virginia has directly influenced its communities as well, hence based on these trends, the state will remain a major player in tech for the foreseeable future.

As the tech labor market continues to grow, Virginia will remain at the forefront of a field that is shaping the workforce of tomorrow. If you'd like to see more of the job opportunities that Virginia's tech industry can offer, let Infinity Consulting Solutions (ICS) ease your search. ICS is committed to connecting you to businesses that can leverage your talents and fuel your long-term growth. Just click the image below to get started!

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