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Regional Innovation Grants Utilizing National Emergency Grant Funds for Strategic and Transformative Regional Planning ETABoston May 2008.

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Presentation on theme: "Regional Innovation Grants Utilizing National Emergency Grant Funds for Strategic and Transformative Regional Planning ETABoston May 2008."— Presentation transcript:

1 Regional Innovation Grants Utilizing National Emergency Grant Funds for Strategic and Transformative Regional Planning ETABoston May 2008

2 2 Regional Innovation Grants The Challenge & A Solution Regional Innovation Grants –What are RIGs? –General Requirements & Expectations –Grant Specifics and Outcomes –Application –Reporting Requirements Resources

3 The Challenge Transforming Regional Economies

4 4 The New Economy 21 st Century economy no longer limited by geography –Employers & employment not limited by local, county, state or national borders Competition for talent is global U.S. economy is constantly churning –2005: 29 million jobs lost while 31 million jobs created

5 5 The Skills Gap 90% of the fastest growing jobs require education and training past high school. –63% of all new jobs in the next decade will require a college degree; only 30% of the population has one Career ladders are not enough, now it is about career lattices

6 6 Education Matter$ Job Growth & Earnings by Education Less Than H.S. H.S. Grad Some College / A.S. 4yr+ Employment Growth - Annual (000s) ,266 Median Weekly Earnings (2006) $419$595$692$1,039 Unemployment Rate (09/2007) 7.4%4.6%3.4%2.0% Current Population Survey (CPS): Employment Status Sept. 06 to Sept. 07, Wages , UI Adjusted 25+ (Sept. 07)

7 7 Building The Pipeline An estimated 3.8 million youth, ages , are neither employed nor in school Education Level Annual Net Fiscal Impact Lifetime Net Fiscal Impact H.S. / A.S.$3,197$150,259 B.A.$5,585$262,495 Values for Commonwealth of Massachusetts Adults 16-64, Source: Center for Labor Market Studies, Northeastern University Data in table for Massachusetts Only

8 8 Household Incomes & Education Median Household Income Change Median Income < H.S. Diploma-10%$24,675 H.S. Diploma-11% Some College-6% Bachelors Degree7% Advanced Degree4%$81,023 Source: Council on Competitiveness

9 9 A New Year a New Career According to the BLS, Americans now average 14 jobs between the ages of 18 and 34 –1 new job every 14 months

10 A Solution Workforce Innovation in Regional Economic Development (WIRED)

11 11 WIRED Framework 1.Identify the Regional Economy - Ignore political boundaries and identify surrounding areas that share the same economic structure. Form one regional economy around the assets of several contiguous communities. 2.Form Core Leadership Group - Form a senior executive team responsible for implementing growth strategies and guiding the transformation effort. 3.SWOT Analysis - Conduct a comprehensive analysis of the Strengths, Weaknesses, Opportunities, and Threats in a region that feeds directly into strategy development.

12 12 WIRED Framework 4.Create a Shared Regional Identity and Vision for the Regional Economy - Develop a regional identity and vision for regional economic growth. 5.Devise Strategies - Create "SMART" strategies (Specific, Measurable, Achievable, Realistic, and with a Timeline). 6.Leverage Resources and Implement - Leverage regional resources from private, non-profit, and government sources to implement a transformational strategy. This framework is not a linear process, instead requiring constant revision and reevaluation.

13 13 The Transformation Process

14 14

15 15 Workforce Development = Economic Development Factors Rated Very Important in Site Selection* 1.Availability of Skilled Labor…………..46.3% 2.State & Local Incentives………………45.7% 3.Availability of High-Speed Internet….44.8% 4.Tax Incentives………………………… % 5.Corporate Tax Rate…………………….40.8% 6.Highway Accessibility………………….40.3% *2006 Area Development Corporate Survey

16 What are RIGs?

17 17 What Are RIGs? Limited National Emergency Grant funds Available to state workforce agencies, state workforce boards and local workforce boards Based on the WIRED framework

18 18 Purpose of RIGs Enhance and complement the current approach to National Emergency Grants RIGs are proactive –engaging all key players –leveraging collective assets –investing in innovative strategies Infrastructure talent development investment

19 19 References WIA Section CFR Part 671 Federal Register 69 Fed. Reg TEGL 16-03, Change 5 (April 27, 2007) TEGL WIRED 3 rd Gen (SGA/DFA PY-06-09)

20 Application Process

21 21 Application / Eligibility If significant notification of worker dislocation and early intervention services can be provided, ETA encourages applying for RIG before applying for NEG Grantees must still meet the criteria and guidelines established in TEGL No to be awarded an NEG

22 22 Prerequisites A significant worker dislocation, pending dislocation or an unexpected event such as a disaster Provision of state and local WIA Dislocated Worker resources, including Rapid Response funds –core, intensive and retraining services –Ideally provided to workers prior to layoff in order to limit the period of transition to new employment

23 23 Eligible Applicants State workforce agency –Multi-state consortium SWIB –Consortium of state boards WIB –Consortium of local boards NOTE: Joint applications must identify the entity that will be grant recipient

24 24 Application Content Clear understanding of the WIRED principles and concepts in application – Demonstrate understanding of the labor market and economic landscape of the region Evidence of support by regional key players including workforce and economic development entities, public education systems, and employers

25 25 Application Narrative Identification of regional economy Identification of core leadership group Services expected to be provided to eligible workers Proposed transformational strategies Proposed outcomes and impacts 10 page (double-space) max

26 26 How to Apply? As a customer service, the Regional Office will provide pre-application technical assistance to applicants –Improves quality of the application –Allows for promising practices from other projects to be incorporated –Reduces review time once officially submitted Applications are to be submitted through the NEG electronic system.

27 Post Award & Deliverables

28 28 Award Details Awards will be limited to $250,000 for any one regional project 18 month grant period Administrative costs negotiated on a per project basis

29 29 Allowable Uses of Funds May include but not limited to: Identifying and engaging Social Networks to support proposed regional strategy Asset mapping Developing working agreements with Key Stakeholders Conducting a SWOT analysis Devising ongoing systems and structures in response to major dislocation events Leveraging and aligning resources Developing the implementation plan

30 30 Implementation Plan Strategic planning activities will result in the complete regional implementation plan, supported by secured resources and short and long-term talent development strategies and assistance to current & future dislocated workers.

31 31 Reporting Requirements Quarterly Narrative Progress Reports –Due 45 days after the quarter-ending date Financial Reports (ETA 9130) –Due 45 days after the quarter-ending date Final Report –Regional Strategic Plan

32 Resources

33 33 Resources WIRED Regional Assessment Matrix – assessmentGuide.cfm WIRED Asset Mapping Roadmap – MappingRoadmap.pdf Regional Economic Development Quick Start Action Planner –

34 34 eNEG System NEG eSystem –Jeanette Provost at (202) or eNEG System Details –NEG Project Type: Regular – Application Type: Planning/Regional Innovation Grants – Application components include: Standard Form (SF)–424, Application and Reporting Form Project Synopsis Form Employer Data Form Project Operators Form A Project Narrative

35 Closing Comments

36 36 RIG Activity Awarded –17 Nationwide –Region 1 NH – Coos County (Northern NH) CT – Eastern CT NY – Long Island (Pending) Pending –9

37 37 WIA Is WIRED Regional / sectoral asset mapping [WIA Sec. 117 (d)(7) and (8). WIA Sec. 118] Workforce Investment Boards [WIA Sec. 117] Community Transition Teams (Maine) Analysis of skill sets of at-risk workers compared to skill sets in demand. [WIA Sec. 117 (d)(6), WIA Sec. 118] Define pathways for at-risk workers to transition into demand occupations. [WIA Sec. 118] Engage partners to develop a shared vision. [WIA Sec. 118] Partner, partner, partner. [WIA Sec. 117, 118, 121]

38 38 Questions? Timothy Theberge ETA Region 1 (Boston) Lee Reynolds ETA Region 1 (Boston)

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