Charleston’s Tech Economy Strong In Wage And Job Growth In 2015

The Charleston Digital Corridor—a community-sourced initiative to attract, nurture, and promote the region’s tech economy—released its 2015 Wage and Job Growth survey. The findings support that our tech ecosystem continues to grow and stands as a strong base in our region and state.

chstech-percapita2015-news

Of the companies that participated in the survey, the average wage for tech companies is nearly $70,000, which is significantly higher than both South Carolina and Charleston Region per-capita wages.

An even better indicator of industry strength, however, is job creation and growth. Just over 70 percent of participating companies hired staff in 2015 and 94 percent of these companies expect to continue hiring in 2016. This stands as a true standard for measuring the health and viability of our tech sector.

In 2015, the Milken Institute ranked the Charleston metropolitan area fourth in the nation for high-tech GDP growth over the past five years. Charleston’s tech economy is the most rapidly growing sector in the Charleston Region and now accounts for approximately 5 percent of the regional economy.

“It is extremely gratifying to see the consistent year over year level of strength and growth being demonstrated by Charleston’s tech economy,” said Kirk King, Charleston Digital Corridor Foundation Chairman.

Like any community seeking to grow a high-wage tech economy, attracting and developing technical talent is the biggest challenge with sustaining and propelling growth. This is no different in Charleston, South Carolina.

“More than any issue, accelerating Charleston’s tech economy is directly related to how well we execute our three-prong talent strategy,” said Digital Corridor Director, Ernest Andrade.

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