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Using Data to Support Local Economic & Workforce Development Efforts September 11, 2012.

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Presentation on theme: "Using Data to Support Local Economic & Workforce Development Efforts September 11, 2012."— Presentation transcript:

1 Using Data to Support Local Economic & Workforce Development Efforts September 11, 2012

2 Name of Presentation Here

3 Familiarity with basic data sources and research techniques For this template, you will be using ONLY EMSI and LMI Gateway. However, you should be aware of the multitude of data sources you should be using to get a handle on whats going on with your regions key industry groups.

4 Types of Templates We have developed three major types of templates to present data to stakeholders 1.Regional Profile 2.Industry Profile 3.Site Selection a)Constant elements b)Custom elements

5 Regional Profiles How it is used Elements Geography People Demographics Race Hispanic Origin Age Workforce Educational Attainment Occupational Makeup Economy The audience for geographic profiles includes: 1.Workforce Boards 2.Local Governments 3.Economic Developers 4.Business/Industry Leaders 5.Business Associations The audience for geographic profiles includes: 1.Workforce Boards 2.Local Governments 3.Economic Developers 4.Business/Industry Leaders 5.Business Associations

6 Regional Profile: Data Elements & Sources

7 EMSI Highlight: Industry Base

8 Industry Profiles How it is used Elements Industry Background Top Occupations Regional Occupational Makeup Regional Growth Density Map/Concentration Entrepreneurial Activity Top 10 Employers Age Bands The audience for industry profiles includes: 1.Workforce Investment Boards, Local Governments, and other community leaders 2.Job seekers 3.Businesses The audience for industry profiles includes: 1.Workforce Investment Boards, Local Governments, and other community leaders 2.Job seekers 3.Businesses

9 Industry Profile: Data Elements & Sources

10 EMSI Highlight: Regional Occupational Makeup

11 Regional Occupational Makeup (Cont.) The last step is to provide the competitive wage intelligence. This is done based on the number of applicants per job opening. You can see that since the number of applicants per job opening is 1.21 for Sales representatives, youd yellow the 75 th and 90 th percentiles

12 Regional Occupational Makeup (Cont.) What youve just done here is provide business intelligence about supply/demand in various occupations and show how this might affect where the wage offer would fall. In order to obtain the available applicants you need to be in partnership with your workforce center, because this data comes directly from your statewide workforce development data base. In Colorado this database is called Connecting Colorado. This is one of our most popular data products. Businesses, economic developers and site selectors have found the information of great value.

13 Site Selection Reports Constant elements of a site selection report include: 1.Background 2.Competitive Labor Force 3.Regional Economy 4.Concentration Map and Table 5.Sector Employment Breakdown 6.Industry Growth Projections 7.Competitive Wage Analysis 8.Directions on using Competitive Wage Analysis 9.Top Companies in Region Optional elements include any other inquiries. In the case of the sample, this includes age bands, entrepreneurial activity and a narrative about staffing cost savings from using workforce centers The audience for site selection reports includes: 1.Economic developers 2.Site selectors, real estate developers or others helping business clients make a location decision 3.Business prospects who are working the site selectors The audience for site selection reports includes: 1.Economic developers 2.Site selectors, real estate developers or others helping business clients make a location decision 3.Business prospects who are working the site selectors

14 Site Selection Report: Data Elements and Sources

15 EMSI Highlight: Concentration Tables and Map Site selectors and their business clients love the GIS products. We usually provide both the map and the table showing employment concentration by county

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18 Successful partnerships bring in new jobs! DSEDP was lead organization Arledge Partners was Site Selector Expansion of San Francisco based company 160 jobs anticipated with 130 jobs to date Gov. Hickenlooper Joins Area Elected Officials and Trulia Executives at the Grand Opening of the New Trulia Centennial Office

19 Gordon Composite/Polystrand Denver South Economic Development Partnership (DSEDP) was lead Gordon Composites Inc. (GCI) moving HQ from Montrose, CO DSEDP Partnership Xcel Energy Douglas County Arapahoe/ Douglas Works! Arapahoe/Douglas Works! is AT the table! Groundbreaking, June 2011 Planned opening June 2012 Ribbon Cutting August 3, 2012 Now Open! Groundbreaking, June 2011 Planned opening June 2012 Ribbon Cutting August 3, 2012 Now Open!

20 Questions & Answers

21 Patrick Holwell Workforce Economist 6964 S. Lima Street Centennial, CO Dawn Gardner Business Development Supervisor 6964 S. Lima Street Centennial, CO


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