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Transcript of The State of the Region’s Economy and Workforce Building on the Region’s Assets 4th Annual...
The State of the Region’s Economy and Workforce
Building on the Region’s Assets
4th Annual Regional Economic and 4th Annual Regional Economic and
Workforce Development SummitWorkforce Development Summit
John P. MetcalfJohn P. Metcalf
CSW Sr. PartnerCSW Sr. Partner
Strategic Community PlanningStrategic Community Planning
Summary Greatest opportunity is sustained collaboration
to build talent, agility, entrepreneurial culture, and a great quality of life Winning in a 21st Century Labor Market is hard Clear maps of the path don’t exist – for workers, for
businesses, for regions
The work never ends – work must continue to tackle the region’s needs and its “wicked problems” and leadership matters
Corporation for a Skilled Workforce
The Region Place Matters to compete globally (regional branding matters)
The Region’s Personality underscores our “get it done attitude” Visionary Progressive Diverse Friendly Accommodating Innovative
Charlotte-Mecklenburg has enormous influence over the region’s reputation and its competitive advantage
Corporation for a Skilled Workforce
The Golden Crescent Provides The State’s Economic Engine
Source: Regional Dynamics Center for Regional Economic Competitiveness
Charlotte-Gastonia-Concord, NC-SC
Asheville, NC
Hickory-Morganton-Lenoir, NC
Winston-Salem, NC
Greensboro-High Point, NC
Burlington, NC
Durham, NC
Raleigh-Cary, NC
Fayetteville, NC
Goldsboro, NC
Jacksonville, NC
Greenville, NC
Rocky Mount, NC
Virginia Beach-Norfolk-Newport News, VA-NC
Wilmington, NC
Metropolitan Area
Micropolitan Area50K
200K
600K
Industry Employment
Industry Employment in North CarolinaMetropolitan and Micropolitan Areas (est. 2007)
*Employment for North Carolina counties only**Only metropolitan areas identified
Storylines: Then and Now With Great Growth Comes the Need for
Stability: Then: the region was growing at a faster than
normal rate and had created an imbalance between jobs available and the available workforce
Corporation for a Skilled Workforce
Projected Population Growth, 2007 to 2017
7.8%
10.2%
3.9%
14.5%
2.3%
4.4%
7.3%
17.5%
7.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
U.S. NorthCarolina
AdvantageWest
Charlotte EasternRegion
Northeast PiedmontTriad
ResearchTriangle
Southeast
Source: AGS Demographics
Pro
ject
ed G
row
th
Storylines: Then and Now Now: with the economic downturn accelerates
the imbalance the region is continuing to grow
but has even more job seekers than jobs available
Corporation for a Skilled Workforce
Storylines: Then and Now A Cluster/Sector-Based Approach
Aligns Resources and Strategies Then: there was more than one competing economic
development plan with unnecessary duplication of effort and a lack of plan integration
Corporation for a Skilled Workforce
Storylines: Then and Now Now: with the leadership of the Charlotte Regional
Partnership and its supporting county partner economic development offices, the region is enjoying a tighter focus than in 2005 to assemble a “single” integrated strategic plan.
Now: with the creation of the region’s Competitive Workforce Alliance comprised of the 16 counties’ seven (7) Workforce Development Boards there is a single voice to integrate workforce strategies with economic development and education strategies.
Corporation for a Skilled Workforce
Storylines: Then and Now Technology Enables Economic and
Workforce Development Then: the region’s technology assets and their
use were critical to support industry and business growth
Corporation for a Skilled Workforce
Storylines: Then and Now Now: this is more of a critical success factor for
the region to continue economic expansion With the growing need to provide for a
telecommuting generation of workers, people are increasingly able to live and work anywhere and must have access to technology to become productive
Corporation for a Skilled Workforce
Storylines: Then and Now A Well Prepared and Career Aware Workforce is
Essential to Maintaining Economic Vitality Then: too many individuals, young and adult,
were not prepared to enter the work environment and help businesses compete on a global basis
Corporation for a Skilled Workforce
Overview of NC Occupations and Occ Growth by Ed. Requirements “Success Favors The Prepared Mind” NTHS
Two-thirds of all jobs require more than a GED 25 percent of all jobs require at least a 2-year degree 38 percent of all NEW jobs in the next 10 years will
require at least a 2-year degree Workers with at least a 4-year degree make over three
times as much as someone without a GED Someone without a GED makes 60 percent of the state
average
Educational Band Emp 2007Net New Jobs
(07-17)Average Earnings
2007% Total Emp
(2007)% New Jobs
(07-17)Advanced Degree 160,572 36,560 $83,785 3.2% 5.3%4-year College Degree 687,536 134,808 $77,005 13.7% 19.7%Tech-Some Post 386,614 89,452 $46,774 7.7% 13.1%GED Some Experience 801,703 58,980 $42,952 15.9% 8.6%GED/Entry 1,263,563 88,085 $34,123 25.1% 12.9%Below GED 1,732,747 276,598 $24,405 34.4% 40.4%Total 5,032,734 684,484 $40,598 100.0% 100.0%Source: Regional Dynamics
North Carolina
Storylines: Then and Now Now: improvement in these areas has been
less than ideal. The continuation of unacceptable dropout rates
and low graduation rates makes this the region’s number one priority to correct
The consequences of having high value employers by-passing this region for a more prepared region is real.
Corporation for a Skilled Workforce
Storylines: Then and Now
“The challenge is to find quality workers with the education and skills to be successful in the workplace. If business as usual continues and the education and professional skills of the workforce do not radically improve, the current and future careers available in the Counties will be beyond the reach of current residents.”
Cabarrus and Rowan Counties Education and Workforce Development Acton Plan, 2008, prepared by Market Street Services, Atlanta, Ga.
Corporation for a Skilled Workforce
The Economy and the Workforce:The Disappearing Middle
Bifurcating into two camps Those with adequate skills and education and are
capable to navigate the labor market Low in number but high in demand Can move upstream to new and emerging jobs
Those with little or no skills and are incapable of moving into new emerging industries
High in number but in low demand Must move downstream in deep recessions and high
sector displacement to find work
Corporation for a Skilled Workforce
Storylines: Then and Now “Growing Your Own” Helps Offset
Impacts of Global Change Then: there was a growing demand to build off of
our entrepreneurial assets and grow our economic sectors by “growing our own”
The new economy
Corporation for a Skilled Workforce
Storylines: Then and Now Now: the demand continues to build with the
displacement of highly talented, educated, and skilled individuals that are available to create new businesses
Many are from the financial sectors and are catalysts for either starting their own business or filling new financial sector businesses growing and relocating to the region
It is a perfect time for the region to create a single entrepreneurial system to “grow our own”.
Corporation for a Skilled Workforce
Storylines: Then and Now What Goes Around, Comes Around
Then: our intra-regional dependence on a well thought out and diverse transportation system was critical for connecting our labor force to the needs of business
Corporation for a Skilled Workforce
Storylines: Then and Now Now: The need for a comprehensive intra-regional
transportation system is very important. The demand for access to employment opportunities is
critical for the region to continue to grow economically Having the capability for employers to access
qualified labor from anywhere in the region is what will distinguish this region from other competitive regions
While the light-rail system is a step in the right direction, it alone is not enough to eliminate congestion and bottlenecks to allow for a transparent connection of job seekers with employers
Corporation for a Skilled Workforce
The Sectors That Drive the Region’s Economy2005 Pharmaceuticals & Bio-
informatics Finance & Insurance Logistics (inclusive of
Transportation and Warehousing)
Automotive & Motor Sports.
Manufacturing Back Office Support
Services
2009 Healthcare Life Sciences Energy/Environment Defense/Security Entrepreneurial Activities
Corporation for a Skilled Workforce
Agile Communities
Agility comes from the ability to make necessary changes to direction as outside
influences intervene into well laid plans
“Can a region dance the dance when the music changes?”
Corporation for a Skilled Workforce
What Will Get In the Way of a Regional Recovery? Jobless recovery - the new norm
Expect high unemployment numbers for a protracted period
If you thought green was a movement – lean is now a movement across all sectors Efficiency will drive new productivity gains New skill set demands for re-hires
Corporation for a Skilled Workforce
What Will Get In the Way of Recovery? The second financial downturn –
commercial real-estate foreclosures and second mortgage re-set No place for people and firms to go for relief Lack of capital
The public “safety net” – getting thin and frayed More requests than assets to cover needs
Corporation for a Skilled Workforce
What Will Get In the Way of Recovery? Unknown international conflicts effecting
energy costs Will impact economic recovery fostering less
growth Will reset labor sheds and their development
What were a few issues turns into a mountain of wicked problems demanding new approaches to rectify
Corporation for a Skilled Workforce
What Will Get Us Through the Recovery?
What Will We Build On?
Corporation for a Skilled Workforce
Demand Generators: Fuel for Creating New Jobs …the big hitters for the region that will help recapture its economic vision and provide the energy to create new jobs
Corporation for a Skilled Workforce
Corporation for a Skilled Workforce
North Carolina Research Campus
By some estimates the total employment created by the campus will approach 13,000 direct and indirect jobs, PhD to certificate based jobs, by 2035; a substantial demand generator for the region.
Corporation for a Skilled Workforce
Healthcare and Life Sciences
Currently there is a large expansion of hospitals in the region. When hospitals are built, there soon follows an expansion of medical offices and doctors facilities fueling the growth of additional population centers.
Corporation for a Skilled Workforce
EnergyThere is a sense that green energy is the next level of innovation to become a primary industry for the region and nation.
…the movement towards green energy finds its way to Charlotte as a national leader to develop ways to de-carbonize energy usage.
Corporation for a Skilled Workforce
University of North Carolina Charlotte
Energy Production and Infrastructure Center (EPIC) aimed at training engineers and upgrading knowledge in every energy field from nuclear to solar to biofuels.
Corporation for a Skilled Workforce
Entrepreneurism
the economic downturn is a national problem and not just a local problem, many of those workers will find their next choice of career is to create new business startups.
Demands on the Workforce: New Level of Talent and Skill Required
Business’ Global Context Entrepreneurial Spirit Technology Driven Communications “Multi-task masters” – trainable across
multiple skill sets Collaborative Planning Job Retention Skills
Corporation for a Skilled Workforce
“Wicked Problems” the Region Continues to Face and Must Solve If We Are to be Globally Competitive
Corporation for a Skilled Workforce
What is a Wicked Problem? Not good vs. evil But it is an issue/problem that is so
resistant to resolution it demands new thinking and approaches to tackle them they are not tamable through normal linear
thought and means
Most wicked problems never go away, just mitigated over time
Corporation for a Skilled Workforce
Our Wicked Problems Graduation/Dropout Rates
Valuing education Literacy
Acculturation of In-migrants Community College Funding Transportation
Corporation for a Skilled Workforce
New Regional Storylines to Evolving NC Research Campus – Creating a New
Center of Gravity for Bio Energy – Charlotte at the Epicenter of Green UNC Charlotte – Growing Into Its Own Tourism – Now a Destination Region Healthcare – Providing for a Growing Region Entrepreneurism - A New Vision for the
Region’s Entrepreneurial Strategy
Corporation for a Skilled Workforce
Final ThoughtsPartner
Collaborate
Network
The power is in the connection and
regional leadership matters
Corporation for a Skilled Workforce
The Opportunity for the Region
Greatest opportunity is sustained collaboration to build talent, agility, entrepreneurial culture, and a great quality of life Winning in 21st Century Labor Market is hard
Clear maps of the path don’t exist – for workers, for businesses, for regions
Changing Strategies for Changing Times
Build strong connections between economic, education, and workforce development Don’t just talk, do it!!!
Help industry sectors and businesses more directly meet talent needs It’s all about the “Talent Search”
Improve lifelong education opportunities and outcomes to: Grow talent, attract talent, retain talent
John Frank & Fraser Mustard G&M 05-01-95
"Societies that have a strong coherent sense of what is important, and a collective will, will probably be most successful"
A Famous Philosopher Said
Somebody’s got to do something, and it’s incredibly pathetic
that it’s got to be us.
Jerry Garcia, The Grateful Dead
900 Victors Way, Suite 350Ann Arbor, MI 48108(734) 769-2900
John Metcalf, [email protected]
www.skilledwork.org
Questions?