
High Technology – A term applied to companies with the following characteristics: 1) advanced technologies are used in the manufacturing process and the final product; 2) a large percentage of revenue is spent on research and development; 3) their products have high growth rates and rapid obsolescence; 4) the value added to the product is high; 5) the companies tend to cluster around brain power and air transportation; 6) scientists and engineers comprise at least 10 percent of the workforce; and 7) the executives are trained in technical fields. High technology industries focus on the physical sciences and life sciences, such as computers, communications, bioengineering, space technology, and electronics.
Household – As defined by the Census Bureau, all people who occupy a housing unit. A housing unit is a room or group of rooms intended for occupancy as separate living quarters and having either a separate entrance or complete cooking facilities for the exclusive use of the occupants.
Human Capital – Labor that is literate, skilled, trained, healthy, and economically motivated.
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Iowa Workforce Information Network (IWIN)