How the Stimulus Package Will Affect High Tech in Oregon - Harvey Mathews March 12, 2009

RSVP TO: SAO by emailing sao-coordinator [AT] corvallis.sao.or.us

$5 for SAO members or students, $15 non-members
Includes finger food and no-host bar
AGENDA:

5:30 - 6:15: Business Networking Time with finger food, no host bar
6:15 - 6:30: 30-Second Mic (give us your technology business elevator pitch!!)
7:00 Program: How the Stimulus Package Will Affect High Tech in Oregon - Harvey Mathews, SAO President

PROGRAM:

In 2007, software publishing accounted for 15% of Oregon's high-tech employment or 9,100 jobs. In 2007 software publishing had the highest annual average wage of the any high-tech sector job at $89,910. The Oregon Employment Department forecasts software publishing to grow at a rate of 22% from 2006 to 2016. Software is one of the key drivers of Oregon job creation both directly & indirectly though a 1.3x multiplier effect, meaning that for every 10 software jobs, 13 non-software jobs are created.

We have hundreds of world-class software companies with technologies that can fulfill the mandates of the American Recovery and Reinvestment Act of 2009 in the following areas:

* energy efficiency
* workforce training
* Smart Grid development
* telecommunications infrastructure
* government efficiency
* education technology
* rural internet access
* clean technology
* plug in hybrid electric vehicle (PHEV) software
* healthcare information technology
* electronic medical records
* transportation-efficiency software
* digital security systems
* any custom software development needed for the other mandates described in the plan.

If Oregon software companies can win the contracts for stimulus-related work, the state will have a much faster recovery due to the economic multiplier effect on other jobs in the community. In a state that depends almost exclusively on the income tax for its General Fund revenues, jobs are the key metric.

Harvey Mathews, President of the Software Association of Oregon (http://www.sao.org/)

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