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Even if the U.S. economy slows down or there is even a mild recession, Sorensen argues, tech will continue to hold up well because the sector generates so much of its revenue outside of the U.S.
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The sector generates more than $1bn£783m3m) in annual revenue.
The sector generates more than $5.8 billion in economic impact through direct spending, according to the city.
The sector generates a huge amount of cash and is very fragmented.
The sector generated more, per pound invested, "than the health, wholesale and retail, and professional and business services sectors".
The retail sector generates the second highest public cost in the state.
The report says the offshore sector generates almost £40bn a year, including £7bn in export earnings.
Among the state's largest industries, the aerospace sector generates $11 billion annually.
After all, the private sector generates jobs and so flourishing companies are the road to recovery and growth.
The private sector generates money to pay for our schools and hospitals," he said.
The fruit and vegetable sector generates large amounts of waste.
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