While Amazon may have overlooked Minneapolis and St. Paul as a finalist for one of the two locations it selected for its HQ2, the Twin Cities is by many accounts one of the hottest technology talent markets in the U.S.
It is:
• One of the nation's 15 largest tech-employment hubs, according to the Computing Technology Industry Association.
• The top-ranked tech talent market in the Midwest, according to CBRE.
• An exceptional value to end-user firms looking for talent to lead their business technology efforts, noted Forrester Research.
These accolades are impressive — and, as Star Tribune's Neal St. Anthony reported in December, the state of Minnesota is in strong shape, having entered 2019 with a $1.5 billion surplus. "Minnesota's economic vitals are good, but we have work to do," he wrote.
At Genesis10, we see this play out every day in the Twin Cities and the other locations where we do business, and it may get worse before it gets better. LinkedIn reports that nearly 60 percent of employers struggle to fill job vacancies within 12 weeks, and this talent gap could grow dramatically by 2030.
In the tech sector, demand for emerging technologies "will exceed the supply of workers creating a shortage of 900,000 highly compensated jobs" by 2022, writes Wall Street Journal reporter Gary Beach in his blog.