Tech Strategy Report

THE WHY

TALENT

ECOSYSTEM

GROWTH

RESOURCES

Overview

Establishing Tech Hubs

Creating Our Strategy

Roadmap For Success

The Process

Shaping Our Future

Tech Industry Growth 2007 to 2021

There’s no denying technology is the future. Our businesses are driven by it. The future of Greater Grand Rapids depends on it. The next decade will spur more technological progress than experienced over the past century. 1 Future jobs will mirror that trend, with the growth in tech-related fields projected to grow at twice the rate of other occupations nationally over the coming decade. 2 Currently, job postings for positions in emerging tech fields increased 209% between 2015 and 2021, while high-tech software and service firms grew at a rate far surpassing other sectors in the years following the Great Recession. 3,4

180%

170%

160%

150%

140%

130%

120%

110%

100%

90%

80%

70%

60% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

High-Tech Software/Services

Life Sciences (non-MFG)

Design Services

(Excluding high-tech)

High-Tech Manufacturers

Telecom

Media-Entertainment

1 McKinsey & Company Tech Trends 2 CompTIA CyberStates 2022 3 CompTIA CyberStates 2022

Graph Source: CBRE. Tech 30 2021

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