The Chicago High Tech Association appreciates the Tribune`s stand in its April 10 editorial on technology in America. However, the federal government can learn a thing or two from Illinois about creating an environment that encourages technology and determining the contributions technology has made to the local economy.
In a series of meetings with the CEOs from Chicago High Tech Association member companies, it is apparent that the Dept. of Commerce and Community Affairs, a much maligned organization, has initiated programs that have given technology a major push in Illinois.
Illinois is home to more than 3,000 high-tech companies. The 50 biggest companies account for 427,825 jobs and about $48 billion in revenues. It is virtually impossible to estimate the number of the jobs when small, specialty firms and technology-related consulting companies are added to the census.
High tech is big business and a significant contributor to the state`s job bank and economy. To support that network, Illinois has distributed $48.2 million during the current and past fiscal year. Much of this money has been used as seed capital to stimulate technology advancements and growth.
Now the Edgar administration, faced with major deficits, is making some hard decisions. We worry that the need to find short-range solutions will undermine the technology foundation that has yielded so many beneficial interests.
The Chicago High Tech Association encourages the administration to solve today`s financial problem without sacrificing the long-range benefits that accrue from a strong technological base.
