CEDP SNAPSHOTS OF SAGINAW’S KNOWLEDGE ECONOMY Alexander Jung, Rex L. LaMore, Faron Supanich-Goldner and Kyle Wilkes Community & Economic Development Program Michigan State University March 19, 2004 With support from the U.S. Department of Commerce, Economic Development Administration Knowledge Economy Indicators East Central Michigan Region
CEDP Objectives Consider new perspectives on economic development planning Better understand Knowledge Economy conditions for your region Begin to develop strategies to compete in the Knowledge Economy
CEDP The Progressive Policy Institute New Economy Project State New Economy Index 2002 Source:
CEDP th – 76th percentile 75th-51st percentile 50th-26th percentile 25th-1st percentile 2002 State New Economy Index Rankings Source: Great Lakes States PPI New Economy Index Rankings
CEDP Goal:To help local and regional planners anticipate change in economic development Task: Apply PPI’s New Economy Index measures to Michigan counties and regions Result: Fifteen indicators in 5 categories Knowledge Jobs Digital Economy Innovation Globalization Dynamism Michigan State University Knowledge Economy Research Team
CEDP Leaders Contenders Followers Laggards Michigan Knowledge Economy Index Overall County Rankings Source: MSU Knowledge Economy Research Team
CEDP Knowledge Economy Overall Index Source: MSU Knowledge Economy Research Team 13. Midland 34. Isabella 35. Bay 44. Saginaw 50. Arenac 53. Gladwin 56. Clare 59. Tuscola 60. Roscommon 61. Sanilac 63. Iosco 67. Gratiot 70. Huron 79. Ogemaw Leaders Contenders Followers Laggards East Central Region
CEDP Leaders Contenders Followers Laggards Knowledge Economy Indicators East Central Michigan Region Knowledge Jobs More than 25 % Less than 15 Percent over age 25 with college degree Workforce Education Managerial & Professional Jobs % Percent of workforce More than – Less than 1.5 IT jobs per 1000 jobs Information Technology Jobs Source: MSU Knowledge Economy Research Team
CEDP Knowledge Economy Indicators East Central Michigan Region Digital Economy Leaders Contenders Followers Laggards More than 30 % 19 – – 19 Less than 9.5 Percent of local governments with websites Digital Government More than 64 % Less than 55 Percent online at least three days/week Internet Use Near complete Moderate Modest Very little Geographic Coverage Cable Modem Access Source: MSU Knowledge Economy Research Team
CEDP Knowledge Economy Indicators East Central Michigan Region Innovation Leaders Contenders Followers Laggards Bioscience Jobs More than – 65 None Number of jobs More than – – 1.5 Less than.75 Percent of workforce High Tech Jobs Patents More than None Per 10,000 pop. Engineers 4.3 – – – 2.9 Less than 1.4 Percent of workforce Source: MSU Knowledge Economy Research Team
CEDP Knowledge Economy Indicators East Central Michigan Region Globalization Leaders Contenders Followers Laggards Firms With Foreign Parents More than – 9 None Number of firms Firms That Export Number of firms Source: MSU Knowledge Economy Research Team
CEDP Knowledge Economy Indicators East Central Michigan Region Dynamism Index Leaders Contenders Followers Laggards Employment change – service jobs More than 18 % Percent gain or loss Employment change – manufacturing jobs More than 18 % Percent gain or loss Employment change – sole proprietorships More than 18 % Percent gain or loss Source: MSU Knowledge Economy Research Team
CEDP East Central Michigan Planning Region (State and Federal) Saginaw MSA & Thumb Region (Bureau of Labor Statistics) Occupational Data
CEDP Occupational Forecasts for Saginaw & Thumb Regions Projected overall employment growth rates ( ): U. S % Michigan 9.4 % Saginaw/Thumb 6.8 % All occupations show slower growth in Saginaw region than at national level Knowledge Economy Indicators East Central Michigan Region Source: and
CEDP Source: Projected Rate of Job Growth, Occupations with highest projected growth rates for Saginaw/Thumb Region and Michigan
CEDP Source: Projected Number of Jobs Added, Occupations with highest projected number of new jobs in the Saginaw/Thumb Region
CEDP Source: Projected Rate of Job Growth, Projected Job Growth Rate for Knowledge Economy related occupations in Saginaw/Thumb Region and Michigan
CEDP Source: Projected Number of Jobs Added, Projected Number of new Jobs in Knowledge Economy Related Occupations, Saginaw/Thumb Region
CEDP Computer and mathematical Management Architecture and engineering Life, physical and social science Education, Training and Library Size of bubbles= ratio of all employees 2000 = Knowledge Economy groups = All other occupation groups Source: Production Sales and related Office and administrative support Knowledge Economy Occupations in Region
CEDP Knowledge Economy Occupations Wage Trends for Saginaw Region Average wages in Saginaw MSA : Knowledge Economy = $ 59,996 All other occupations = $ 31,118 Growth rates for Knowledge Economy occupation groups Saginaw/Thumb region 5.8% Michigan 13.1% U. S. 21.0% Knowledge Economy Indicators East Central Michigan Region
CEDP Michigan State University Community & Economic Development Program Knowledge Economy Indicators East Central Michigan Region