SBDC Economic Outlook Conference

Linking Economic and Workforce Development:
National & Regional Perspectives
September 18, 2012

Key Points
• Postsecondary education is the best insurance
policy in an uncertain global economy
• Talent pipelines built on strong public-private
partnerships will define winning regions
• Economic developers have a key role to play—
linking, leveraging, and aligning

September 18, 2012 | SBDC Economic Outlook Conference

http://tipstrategies.com/geography-of-jobs/

http://mjperry.blogspot.com/2012/06/chart-of-day-education-matters.html


http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/CollegeAdvantage.FullReport.081512.pdf


Source: US Bureau of Economic Analysis, US Census Bureau


Source: US Bureau of Labor Statistics, US Census Bureau


Education: What’s at stake?
• 37% (7.5M) of all new jobs in US expected by
2020 will require postsecondary degree*
• 16 out of top 25 fastest growing occupations
in US will require postsecondary degree
• 91 out of top 100 highest paying occupations
in US require postsecondary degree
Springfield (MSA): 31% of workforce age 18-64 has associate’s degree or higher—
86,000 out of 273,000—will it be enough to compete for the jobs of the future?

Source: U.S. Bureau of Labor Statistics. *Degree as used here includes one or two-year certifications.


“49% of business owners hired
or tried to hire in the last three
months and 37% reported few
or no qualified applicants for
open positions.”

http://thehill.com/blogs/on-the-money/economy/248355-skills-gap-is-hampering-labor-market

Our #1 Challenge: Skills Gap

67% of employers reported that high unemployment is not making hiring easier.
Lack of technical skills (advanced welding, tool programming) is largest barrier.
http://www.areadevelopment.com/AnnualReports/Winter2012/26th-Corporate-Consultants-RE-survey-results-287677888.shtml


Where the Jobs Are Is Where the Skills Aren’t

“A serious mismatch is developing between
the kinds of skills needed for areas of high
projected job growth and the skills that will
be available in the U.S. labor force.”

September 19, 1988

Texas: Staring Down the Skills Gap

Source: EMSI


Source: U.S. Bureau of Labor Statistics


Key Points

The talent pipeline is
broken, especially for skilled
trades.

Employers are defining job
requirements in such a way
that applicants need to have
done the job already.

Limited number of formal
apprenticeship
programs, esp. in

Staffing Pattern for Electrical Equipment & Component Manuf
Top 5 Hiring Needs by % of Total Workforce Education Experience On-The-Job Training

Team Assemblers High school diploma None Up to 12 months
Are these realistic
expectations about
Electrical and Electronic Equipment Assemblers High school diploma None Up to 1 month
employer needs
Extruding and Drawing Machine Setters, Operators, and Tenders High school diploma None Up to 12 months and how the labor
market works?
First-Line Supervisors of Production and Operating Workers Postsecondary award 1-5 years None

Inspectors, Testers, Sorters, Samplers, and Weighers High school diploma None Up to 12 months

http://www.louisianaeconomicdevelopment.com/incentives--programs/led-faststart.aspx

regional intermediary
leading cluster effort

Northeast Ohio Speed‐To‐Market Accelerator will employ a step‐by‐step
process to help accelerate the commercialization of products, increase
the global competitiveness of cluster companies, attract additional
private capital to the region, and attract students, incumbent
workers, and the unemployed to educational and training programs.

entrepreneurship workforce industry

http://www.nortech.org/news-room/press-releases/northeast-ohio-winner-of-white-house-jobs-and-innovation-accelerator-challenge

Taking action
• Re-imagine the role of economic development
organizations in the talent pipeline—start with
how we talk about workforce development
• Adopt measureable human capital goals as
part of your organization’s strategic plan
• Read Cappelli’s book—what public-private
partnerships are needed in Springfield?


http://www.austinchamber.com/education-talent/education-initiatives/

Modeled after apprenticeship
programs in Germany

Cost to school district: $15K
of federal Title I funds

Company promising that 75%
of participating students will
be offered full-time jobs as
well as tuition assistance

http://www.tuscaloosanews.com/article/20120914/NEWS/120919880/1291/

Government-funded programs
love planning exercises—look for
opportunities to align economic
and workforce strategies.

http://www.pennyrilefuture.com

Think creatively about how you can use data
to align goals and market workforce assets.

http://www.wfscapitalarea.com/images/stories/full%20report_state%20of%20workforce.pdf


http://www.reditn.com/redi-college-access

Key Takeaways
• Advocate for alignment in
#econdev, #wkdev, and education whenever
possible, especially with state and federal
policy makers
• Shovel-ready sites & work-ready jobs—regions
able to respond quickly with scalable training
customized to employers will stand out
• Keep doing what you’re doing

Brian Kelsey, Principal
Civic Analytics LLC
brian@civicanalytics.com
512-731-7851
http://civicanalytics.com

@brianjkelsey

linkedin.com/in/brianjkelsey


SBDC Economic Outlook Conference

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

En vedette

En vedette (17)

Similaire à SBDC Economic Outlook Conference

Similaire à SBDC Economic Outlook Conference (20)

Plus de Civic Analytics LLC

Plus de Civic Analytics LLC (13)

Dernier

Dernier (20)

SBDC Economic Outlook Conference