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CompTIA Sends Letter to Congress in Support of Technology Modernization Fund

Feb 4, 2021

The Computing Technology Industry Association (CompTIA) has joined other trade associations in supporting President Biden’s call for robust funding to modernize and secure federal information technology (IT) and networks in the proposed “American Rescue Plan.”

"The COVID-19 pandemic has greatly accelerated the need for the Federal Government to modernize its aging IT infrastructure," the groups write. "We urge Congress to provide the $9 billion for the Technology Modernization Fund (TMF) that the President has called for in any emergency supplemental legislation. We further recommend that a substantial portion of the total amount provided be exempt from the TMF’s usual reimbursement requirements to accelerate urgent IT upgrades."

See the full letter here.

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sostrowski@comptia.org

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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.