Data, Industry

With Software, Every State’s a Tech Hub

Across the US, software empowers countless people and businesses, improving our lives each day in ways big and small. In Michigan, it’s reducing medical conflicts so Americans can live longer, healthier lives. In South Carolina, it’s improving transparency in police departments. In California, it’s helping design smarter and more sustainable infrastructure.

Stories like these are not anomalies. In fact, every state has examples of how they’ve overcome challenges through software innovation. Yet software is far more than a tool for solving problems – it’s also boosting new opportunities and economic growth.

Economic Impact of Software

Today, Software.org: the BSA Foundation released a new report that illustrates the scope of the software industry’s impact on the economy in 2016. The results reveal that the software industry is not only flourishing, but also outpacing the US economy in growth. Here are a few key findings:

  • Software contributed more than $1.14 trillion to the total US value-added GDP in 2016;
  • The software industry supports 10.5 million total US jobs, including 2.9 million direct jobs; and
  • Over the past two years, software’s direct economic impact grew by 18.7 percent, while the US economy grew 6.7 percent.

These software-driven economic opportunities aren’t limited to Silicon Valley, or even the IT sector. In 2016, software’s economic impact grew in all 50 states. Thirty-five states experienced more than 20 percent growth in their value-added GDP, with Idaho and North Carolina up more than 40 percent. In addition, software jobs in the United States grew 14.6 percent from 2014 to 2016 – everything from software developers and web designers to project coordinators. Kansas and Indiana lead the way, with software jobs in those states growing more than 30 percent each.

Software is no longer just the code that brings our electronics to life; it’s helping businesses grow faster, paychecks grow bigger, and every state grow stronger. The software industry holds opportunity for all, including those who aren’t in tech. I encourage you explore Software.org’s new report, and learn how software is transforming your state.

To read the full report, visit www.software.org/softwareimpact.

Data, Global Markets

Future of Trade Hides in Plain Sight in Vietnam Deals

If you saw the headlines out of last week’s meeting between President Trump and Vietnamese Prime Minister Nguyen Xuan Phuc, you’re aware of the major deals announced with US manufacturers GE and Caterpillar – deals worth an estimated $8 billion dollars for jet engines, windmills, and construction equipment. What is less apparent, though, is how … Read More >>

Industry

Software Paves the Way to Increased Economic Growth

The concerns with our aging infrastructure are well-documented. The highways, bridges, and airports that paved the way for our world-leading economy today are crumbling and, even worse, undermining growth. Rather than boosting business, our infrastructure costs the nation roughly $1 trillion a year in lost economic growth. Our highways suffer from constant congestion, our bridges … Read More >>

Data, Industry, Intellectual Property

An Open Letter to Congress: Software Industry’s Priorities Create Jobs

Dear 115th Congress, Congratulations on your election to office – we look forward to working with you. Job creation will undoubtedly be a top priority on your list in the coming year, and it’s a top priority for our industry. As our recent economic impact report shows (done in collaboration with the Economist Intelligence Unit) … Read More >>

Industry

Congratulations to BSA’s 2016 Girls Who Code Class!

BSA’s Girls Who Code class of 2016 graduated this month, marking the end of an intensive seven-week coding program. While most of the 19 girls in the BSA classroom began the program with no knowledge of coding, they are now proficient in several programming languages, including Python, Scratch, HTML, and CSS. They have created websites … Read More >>