State leads neighbors in high-tech growth
Exports rose 15% in 2003, report finds
By PAUL GORES
Posted: Jan. 24, 2006
Growth in high-tech exports is happening faster in Wisconsin than in other Midwestern states, a report tracking the state's economic progress says.
Of Wisconsin's $12.7 billion in total exports in 2004, about $2.6 billion, or nearly 21%, were high-tech products and services, according to the report "Business, Finance & Entrepreneurship in Wisconsin: Shaping the New Wisconsin Economy."
The report, prepared by David J. Ward of NorthStar Economics Inc. in Madison, found that high-tech exports as a share of total exports in Wisconsin increased 15% from 2003. That is faster than the 13.9% rise in Illinois, 10.5% in Indiana, 9.5% in Minnesota, 4.7% in Iowa, 3.9% in Michigan and 11.7% in the U.S. as a whole.