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Building a Better Tomorrow by Collaborating Today WIRED to Grow the Talent California Needs Workforce Information in Regional Economic Development Phoenix,

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Presentation on theme: "Building a Better Tomorrow by Collaborating Today WIRED to Grow the Talent California Needs Workforce Information in Regional Economic Development Phoenix,"— Presentation transcript:

1 Building a Better Tomorrow by Collaborating Today WIRED to Grow the Talent California Needs Workforce Information in Regional Economic Development Phoenix, AZ April 10, 2008

2 Judy Turner Director, Programs and Partnerships California Space Authority Steve Saxton Chief, Labor Market Information Division California Employment Development Department Panel

3 What we plan to talk about today… Background on the California Innovation Corridor WIRED project Goals Scope of initiatives Partnership between Labor Market Information Division and the California Innovation Corridor—how labor market information adds value to the initiatives Preliminary findings

4 First! Help us make this relevant to you-- What do you hope to learn about today?

5 California Innovation Corridor WIRED Initiative 13 counties 60+ partners (42 funded partners) Three tracks of activity 25 individual projects

6 Conceptual Design *Sustainability projects are those projects supporting both a strategic transformational goal and the overall WIRED grant initiative as well

7 Signature Innovation Products Innovation-Driven Economic Development Model Multi-part guidebook providing an interactive experience Creating a habitat for innovation Innovation Toolkit Global innovation best practices – 7 case studies CA innovation gap analysis and policy recommendations Innovation asset mapping inventory – CA Innovation Corridor Portal: Military Installations – SMC R&D Labs – Fed and Private, Universities, and Private Companies

8 Smart Supplier Initiative Supply chain industry advisory group Supplier survey Supplier forums Common skill and capacity gaps identified Development of common learning requirements Resources to address the identified needs

9 Supplier Findings Supplier companies need to collaborate earlier and more often at all supply chain integration points Workforce impacts: Workforce is highest concern for suppliers  Skilled production workers for small and medium size companies  Scientists and engineers for large companies Requires systems knowledge – interdisciplinary problem solving 50% of companies have the required capabilities, used 25% of the time in collaboration up and down the supply chain

10 Talent Development Initiative Workforce Investment Board Toolkit Identification of WIB best practices to share across California and the nation STEM Collaborative Action Plan Getting ALL the key stakeholders to participate Six regional collaborative demonstration projects Nationwide “STEM community” webpage Partnerships with other regions and organizations Partnerships with other regions and organizations Enter your information: Enter your information:

11 Talent Development--Continued Survey of Regional Occupations and Skills Aerospace – multidisciplinary, system integration – adaptable to other industries Regional LQ and staffing patterns Workforce Development Integration DoL O*NET common descriptors Skills gap analysis, training inventory, development strategy Leverage of Career Readiness Certificate program

12 How LMI Helps the WIRED Project

13 Help partners use and understand LMI Help define industries and occupations Identify and survey businesses Collect and analyze the survey results Prepare report on findings and recommendations (if any) Provide occupational data for selected industries EDD/LMID’s Role

14 Industry Analysis California Regional Economies methods Identify key industry clusters based on: Employment Percent of total employment Absolute and percent change over five-year period Annual average growth rate Location quotient and five-year change Number of establishments Total payroll and average weekly pay

15 Sample Industry Display

16 Occupational Analysis Regional analysis to determine occupations significant to selected industries Common criteria High-tech, high-wage, high-growth Identify related skills Survey businesses to validate required occupations and skills Use O*NET to identify common descriptors and conduct a skills gap analysis Identify training needs Leverage career readiness certificates

17 Initial Discoveries Wide variance of: WIB/EDC/LMID interactions Use of LMID data Practices and processes Understanding Objectives: Common understanding Tighter integration Best practices

18 Initial Findings Convergence of technologies & multidisciplinary skills Biology married with engineering and the hard sciences Chemistry and physics are already critical Infusion of math into biology is a growing trend Systems-biology relies on computational skills not traditionally utilized by observation-based research Mathematical modeling replaces traditional trials-based research Computing and data management Volume of data being developed by the industry Business skills to support non-vertical business environment - business, marketing, finance and law

19 Service training will need to include an emphasis on communication with older people. Growth of personalized medicine will require more clinical scientists and technicians, genetic counselors and even more nurses Advanced degrees Masters in Science is a good alternative to those looking for careers outside of pure research MBA to move out of the lab - useful for sales careers Initial Findings – Continued

20 Business models needed to complement technology and scientific innovation Venture capitalists need to invest in human capital as well as technology Protect IP – file often and early Accumulate all potential assets - Lose “not invented here” syndrome Balance risk with diversified projects New materials development Nano Computational material science Chemical engineering Novel synthesis Initial Findings – Continued

21 Summary Consistent methodology, taxonomy, practices has led to a common understanding, and use of data Team approach including local workforce boards, economic development, and LMID makes us stronger Integration with related and sustainability projects

22 Wired Success Stories “Optimize the Corridor for Innovation” Align Education, Workforce and Economic Development Systems to Leverage Resources and Drive Transformational Change!

23 Comments? Questions? Judy Turner 626.440.0565 x107 Steve Saxton 916.262.2602

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