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Software Business Driving US Jobs, GDP Growth


May 5, 2021 4:00 AM PT
The software industry fueled jobs and GDP growth in the United States in 2020, according to a report released Tuesday by an international software research organization.
The report by Software.org: the BSA Foundation found the software industry supported more than 15.8 million jobs in 2020, a 5.9 percent jump from 2018; and supported $US1.9 billion in total value-added GDP, a 17.1 percent increase over the previous two-year period.
More than 12.5 million of those jobs were outside the tech sector, added the report, which measures software s impact on the U.S. economy with data and analysis from The Economist Intelligence Unit.
It also noted that the industry directly contributed $933 billion to the U.S. economy in 2020, a 15.1 percent over 2018. ....

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2021 Tech Titans | Washingtonian (DC)


Washington’s tech industry hasn’t been immune to the pandemic. Companies such as the IT giant DXC and the event-organizing platform Cvent cut jobs amid the slowdown. But some, including the hot cloud-computing company Appian, committed to hundreds of new hires.
Indeed, plenty of other good business news came from Washingtonian’s Tech Titans during the past year. Our 2021 winners who were selected through both reporting and an informal process of nominations from their peers managed to start up new and innovative companies, close on huge funding rounds, ink massive contracts, and announce initial public offerings.
Some of this year’s Tech Titans expanded their companies not only in spite of the pandemic but be­cause of it. Michael Chasen, founder of the “edtech” firm Blackboard, leveraged the demand for at-home education to launch Class, a company that creates virtual classrooms using Zoom. Class has already raised more than $40 million. Blake Hall, founder of ....

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