Our Sponsors
NEW THIS YEAR: View GA's Innovation Index! See it here

Welcome to the 2015 State of the Industry: Technology in Georgia Report. TAG is a leading industry association dedicated to educating, promoting, influencing and uniting the technology industry in Georgia. This report contains information on the current state of this industry as well as results from our latest TAG Technology Decision Makers Survey primary research study. In addition, our “Where Georgia Leads” maps are presented below, helping to showcase the state’s foremost technology fields and the companies moving these industries. We hope you find this information valuable. Please take the time to view our research contributor sponsor Cherry Bekaert, and gold sponsor pages. Without their support, this initiative would not be possible.

View Page
CherryBekaert

The TAG State of the Industry Report would not be possible without the sponsorship of the Cherry Bekaert.

Key Findings Overview
View Page
 - 2015 State Of The Industry Report

The Technology Association of Georgia is pleased to present our ninth annual State of the Industry: Technology in Georgia Report. As with last year, the 2015 report is made available in a web-based format, and will continue to be linked to TAG and sponsor websites, which collectively receive over a million unique visitors every year. Reports from previous years will be archived and accessible from our main site. The online report will allow visitors to customize their experience by setting which sections to highlight and it will save these selections to display for future visits. TAG’s State of the Industry Report has become an essential tool for technology industry’s decision-makers. It is our hope that it will continue to benefit our ever-increasing readership.

Key Finding 1: State Technology Employment
View Page
 - Source: based on data from the U.S. Bureau of Labor Statistics

An advancing innovation economy requires technology growth. Georgia’s technology sector has grown by more than 10 percent since 2010, adding more than 25,000 net new jobs.

Key Finding 2: Technology Labor Needs
View Page
 - Source: Technology Decision Makers Survey, 2014

More than 72 percent of TAG Decision Makers Survey respondents indentified access to skilled labor as the most important factor to grow Georgia’s innovation economy.

Key Finding 3: STEM Education in the Workforce
View Page
 - Source: Georgetown University, Public Policy Institute

Georgia's STEM workforce in 2020 will require more than 85,000 workers with bachelor's degrees and nearly 44,000 workers with a master's degree or higher, according to a forecast by Georgetown University.

Key Finding 4: Key Technology Sectors for Employment
View Page
 - Source: compiled from data provided by the U.S. Bureau of Labor Statistics

Georgia’s Communication Services sector employs nearly 20,000 high tech workers, or 43 percent of its total workforce, making it the state’s most heavily concentrated high tech sector. Digital Media & Entertainment is an emerging sector for high tech employment with 2,600 jobs classified as high tech occupations.

Key Finding 5: Venture Investment Growth
View Page
 - Source: PricewaterhouseCoopers Moneytree

Venture capitalists invested $495.9 million in 60 Georgia deals in 2014, which was the most venture investment in the state in more than a decade. However, the amount invested did not keep pace with the national growth in venture capital investment, and Georgia’s share of the overall national total shrank to 1 percent.

Key Finding 6: Georgia Investment Deals
View Page
 - Source: PricewaterhouseCoopers Moneytree Report

More than 60 percent of the invested capital went to expansion and later stage deals, while early stage deals represented about 38 percent of the total. Seed stage investments captured just 0.4 percent of the invested venture capital.

Key Finding 7: Tax Incentives and Credits
View Page
 - Source: Technology Decision Makers Survey, 2014

A majority - 63.6 percent - of the TAG Technology Decision Makers favored enacting tax incentives and credits to encourage innovative business activity. Incentives for research and development spending were the most frequently mentioned types of incentives followed by credits aimed at fostering start-up businesses. Hiring and company relocation were also among the most mentioned.

Key Finding 8: Georgia's Innovation Economy
View Page
 - Source: US. Commerce Department and IBRC

Five counties in Georgia boasted an innovation economy that tops the national average, according to an Innovation Index sponsored by the U.S. Commerce Department. Forsyth County led all Georgia counties with an Innovation Index score of 111.9 followed by Gwinnett, Fulton, Oconee and Cherokee. The U.S. average equals 100.

Key Finding 9: Georgia Technology Initiatives
View Page
 - Source: Technology Decision Makers Survey, 2014

Big data replaced mobility as the most important technology initiatives underway in Georgia, according to the TAG Decision Makers survey. Mobility had topped the list for the three previous years, but the survey confirmed the momentum behind big data projects. Skills in using big data tools were also identified as one of the most needed.

Key Finding 10: Georgia's Patent Trends
View Page
 - Source: U.S. Patent and Trademark Office

Patent creation is often used as a measure for innovative activity. Georgia residents were issued 2,709 patents in 2013, up from 1,616 in 2009, but the state continued to trail its benchmark states and more patent productivity is needed to keep pace.

Request Executive Summary
Request Executive Summary
Request Executive Summary

Each year, the Technology Association of Georgia (TAG) presents its annual report highlighting the achievements and challenges facing the state’s technology community. TAG is pleased to release this Executive Summary of its key findings in conjunction with the 2014 State of the Industry: Technology in Georgia Report.

Where Georgia Leads
Communication Services Communication Services
Financial Technology Financial Technology
Health IT Health IT
Information Security Information Security
Interactive Marketing Interactive Marketing
Logistics Logistics
Mission Critical Mission Critical
Smart Energy Smart Energy
Where Georgia Leads Where Georgia Leads