Highest Job Growth Outside of Traditional Tech Corridors; North
Carolina, Ohio and Wisconsin Home to Top 10 Metro Areas with Job
Growth

TAMPA BAY, FL — Google and Bloomberg LP joined forces at the
Republican National Convention in Tampa for a series of
discussions on innovation, the Internet and American job growth.
A similar series will be held in Charlotte at the Democratic
National Convention next week.

At a Bloomberg / Google breakfast, a new study was released by
the Bay Area Council Economic Institute (BACEI) and Engine
Advocacy that found that technology industries are fueling job
growth across the country. According to the study, the high tech
sector accounts for 9.2 million jobs and approximately 5.6% of
U.S. jobs.

In many cases, the growth is happening outside the established
tech hubs on the East and West coast. The study said metro areas
including Greensboro-High Point, NC, Dayton, OH and Kenosha
County, WI saw increases of private high-tech employment greater
than 10 percent in 2011, outpacing job growth in the private
sector.

The BACEI study found high-tech startup employment held
relatively steady during the economic downturn while new
businesses across the economy did not. The report, online at
www.engine.is, is accompanied by an online interactive map that
provides a county-by-county breakdown of high-tech jobs as a
percentage of total jobs.

“New businesses built on the Internet and high-tech are critical
to spurring sustainable job growth,” said Robert Littan,
director of research for Bloomberg Government and co-author of
Better Capitalism, to be published by Yale Press in late
September. “It should be the highest priority of the next
president and congress to accelerate new business, and
especially tech businesses and startups.”

“The high-tech sector and Internet-based companies are an engine
of American job growth. The industry has experienced significant
growth year over year, and the vast majority of these jobs
relate to the Internet,” said Susan Molinari, Google Vice
President of Public Policy. “Our top priority needs to be
unleashing startups and high-tech jobs — and reducing barriers
that stifle innovation.”

A panel discussion at the Bloomberg / Google breakfast,
moderated by Bloomberg TV anchor Trish Regan, included Rep.
Peter Roskam (Illinois), Chief Deputy Whip, Douglas Holtz-Eakin,
President of American Action Forum, Carlos Gutierrez, Former
Secretary of Commerce and Mary Fallin, Governor of Oklahoma who
discussed the growth of the Internet and its effect on
employment.

A Bloomberg / Google lunch on the innovation economy, moderated
by Bloomberg Businessweek editor Josh Tyrangiel, will include
Rep. Kevin McCarthy (California), Governor Rick Snyder of
Michigan, Tom Friedman, New York Times columnist and Charlie
Black, Chairman of Prime Policy Group.

Livestreams of all Bloomberg Link events are available at
www.bloomberg.com/live-stream and on Bloomberg’s YouTube
Channel.

Follow news from the Bloomberg Link convention headquarters at
#RNCLink and follow Google’s events at the conventions at
#GooglePolitics.

Contact for Bloomberg:

Ty Trippet, +1.646.322.4299, ttrippet@bloomberg.net

Meredith Balenske, +1.202.680.2479, mbalenske@bloomberg.net