Presentation on theme: "The State of the Region’s Economy and Workforce Building on the Region’s Assets 4th Annual Regional Economic and Workforce Development Summit John P. Metcalf."— Presentation transcript:
The State of the Region’s Economy and Workforce Building on the Region’s Assets 4th Annual Regional Economic and Workforce Development Summit John P. Metcalf CSW Sr. Partner Strategic Community Planning
Summary Greatest opportunity is sustained collaboration to build talent, agility, entrepreneurial culture, and a great quality of life Winning in a 21 st 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
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
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
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 Economy 2005 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
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 Energy There 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 Thoughts Partner 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 21 st 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