June 2007 Newsletter

School may be out for the summer, but your education continues at the WTO. This summer the WTO offers several ways to continue your growth and development. Attend a seminar, listen to other technology leaders sound off, or learn how the industry is doing by examining the 2006 Tech Industry Statistics.

WTO Member DataCorp wins SBIR 

Congratulations, DataCorp! Datacorp was recently awarded a Phase I Small Business Innovation Research (SBIR) Grant from the National Institute of Drug Abuse, part of the National Institute of Health. SBIR grants encourage small businesses to develop technologies for commercialization. The Phase I grant helps companies create a working prototype. Datacorp will use the funds to focus on commercializing a data documentation database known as D3. For more information, visit here.

New - Wyoming Angel Network Featured On Wyoming Public Radio

Wyoming's new angel investor network was kicked-off on June 7, 2007.  Listen to the report from Wyoming Public Radio.

2006 Wyoming Technology Industry Statistics

A report card of last year's industry performance shows the increasing effect of the technology sector. In the recently released statistics for 2006, the Wyoming Statewide QCEW,reported the following:

• The technology sector's monthly employees grew 3.01% during 2006.  The all industries monthly employees grew at 6% during the same time period. Tech industry wages increased 14% matching the 14% wage increase seen by all industries in 2006.
  
• The biggest gains were seen in the Custom Computer Programming industry category, a 24% increase in monthly employees from Q1 to Q4 2006 was witnessed.
  
• The biggest losses were in the numbers of Software Publishers (-200%) and Data Processing, Hosting and Related Services (-38% ) in terms of avgerage monthly employees measured betweenQ1 to Q4 2006.
• The number of tech companies established rose by approximately 5% between Q1 and Q4 2006.
• The total wages in the tech sector climbed 16.81% to $63,201,757 during the last 4 quarters.
• Tech sector average wage per employees increased by 6.71% from Q1 to Q4
• The highest wages attained by industry type were software publishers with an average wage of $1,733 a week.

FREE!  Seminar Focused on The Cost of Retaining Employees

“I Quit / Your Fired: The Cost of Hiring and Firing Personnel” -Peter Reis 
June 20, 2007 (2:30- 4:30 pm) Wyoming Technology Business Center, Laramie WY.