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CompTIA, Others Send Letter to Congress in Support of IT Modernization Funding

Apr 30, 2021

CompTIA joined other trade associations in signing a letter to Congressional leaders expressing strong support of continued investments to modernizeand upgradethe federal government’s legacy information technology (IT) requesting that lawmakers fully fund the President’s budget request of $500 million for the Technology Modernization Fund (TMF) in Fiscal Year (FY) 2022.

Read the full letter here.

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Fast Facts

  • $2.12 trillion – Estimated direct economic impact of the U.S. tech industry, representing 8.6% of the national economy.

  • 694,846 – Number of tech business establishments in the U.S.

  • 9.6 million – U.S. net tech employment at the end of 2024.

  • Tech employment declined by about 32,000 jobs last year, so I suggest we replace this item with one or both of the following:

    • 2.5% - Net tech employment growth forecast for 2025.
    • 2X – The tech workforce is projected to grow twice as fast as the overall U.S. workforce over the next 10 years.

  • 5.4 million – Number of postings by U.S. employers for tech job openings during 2024.