EIGS releases economic impact numbers
OXFORD — The Enterprise for Innovative Geospatial Solutions (EIGS) has released the economic impact data for Mississippi’s geospatial technology industry cluster for 2009. The cluster has experienced solid growth across the categories of employment, average annual salary, and revenues, including a 14 percent growth of jobs from last year.
“Mississippi is home to one of the nation’s largest and most well-organized geospatial technology clusters in the country, and I am proud that this sector continues to experience notable growth in our state,” said Gray Swoope, executive director of the Mississippi Development Authority.”
During the past year, 847 people were employed by EIGS member companies, sustaining a pattern of growth of at least 5 percent annually over the last five years. Total payroll for the cluster is almost $34 million generating $1.7 million in state income tax.
“Despite the economic downturn, the geospatial technology industry sector continues to be strong in the State of Mississippi,” said Dr. Greg Easson, EIGS executive director. “We are seeing a greater demand for geospatial products and tools as businesses are looking for ways to be more efficient and cost-effective.”
Revenues for the cluster grew by over $20 million from last year to $125.5 million. Mississippi’s average annual geospatial salary now stands at $57,885. The data also show that this industry sector continues to be a solid investment for the State of Mississippi including almost $73 million invested in local business operations by the private industry members.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Eye clinic operator faces Medicaid fraud charges
- Mega-load move could cause traffic issues
- New boutique hotel to replace Oxford’s Downtown Inn
- Coast city to repay BP grant funding for Ocean Expo
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- New owners plan cautious change for Highland Village
- Judge to weigh Hood's credit card issuer lawsuit
- Blue Origin successfully tests BE-3 rocket engine
- Allain to lie in repose at Capital Friday; funeral Saturday in Natchez
- Northrop Grumman begins production of five NATO drones