In this short whitepaper, we discuss the present conditions and performance of the IT and emerging technology industries in Region 2. We begin with an overview of the sector, discussing both IT occupations, and IT companies. In section two, we present two key issues: capital and talent, before concluding with a discussion of talent attraction and retention and higher education-based solutions. This document is meant to guide the IT and Emerging Technology GO Virginia Region 2 working group in the identification of additional strategies and programs to improve high wage jobs in that sector.