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Presentation to the State Council of Higher Education

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1 Presentation to the State Council of Higher Education
Barry DuVal, President & CEO

2 OUR MISSION Our MISSION is to be the leading non-partisan business advocacy organization that works in the legislative, regulatory, civic and judicial arenas at the state and federal level to be a force for long-term economic growth in the Commonwealth. MISSION SLIDE @vachamber

3 OUR VISION Our VISION is to be the voice of the Virginia business community and the most influential business advocacy organization in the Commonwealth. MISSION SLIDE @vachamber

4 TOP GOVERNMENT AFFAIRS ASSOICATION
Recognized by Southern Political Report as top Government Affairs Association in Virginia

5 VIRGINIA CHAMBER MEMBERS
2013 13,500 2016 25,884 = 25 Virginia Chamber Members MEMBERSHIP MAP

6 BLUEPRINT VIRGINIA IMPLEMENTATION
2015 Events Financial Forecast 620 Chamber Day / ODA 600 Best Places to Work Luncheon 401 Energy & Sustainability 409 Fantastic 50 Awards 410 Annual Dinner 282 Health Care 490 Oil Export Event 50 Trade & Infrastructure 284 Early Childhood Luncheon 160 Workforce 366 Congressional Luncheon 177 Economic Summit 716 State of the Commonwealth Regional Rollouts 280 TOTAL= 5,245

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8 State Business Rankings
Forbes CNBC Enterprising States CEO Magazine Site Selection Pollina Business Facilities Alabama 45 38 43 20 11 21 - Delaware 17 37 15 13 31 Florida 10 32 2 14 1 Georgia 8 12 4 Kentucky 28 35 44 24 3 Maryland 33 30 16 Mississippi 49 47t 42 18 25 New Jersey 41 34 36 47 48 New York 29 27 North Carolina 5 22 7 Pennsylvania South Carolina Tennessee 19 6 Virginia 13t 12t 9 West Virginia 50

9 State Business Rankings
Virginia Over 10 Years of State Rankings Forbes CNBC Enterprising States CEO Magazine Site Selection Pollina Business Facilities 2016 - 13t 12 9 2015 7 14 12t 4 * 2014 8t 11 10 2013 1 5t 5 8 2012 2 3 6 2011 2010 2009 2008 2007 2006 2005 * The Business Facilities study only ranks the top 10 states each year. Years marked with an * show the years Virginia did not make the top 10.

10 State Business Rankings
A Closer Look: Virginia’s Strengths WORKFORCE & EDUCATION Virginia’s workforce is ranked in the top in the nation: Forbes #2   CNBC #3 Virginia’s schools are ranked in the top of the nation: CNBC # 5 Wallet Hub #7

11 State Business Rankings
A Closer Look: Areas to Improve WORKFORCE & EDUCATION #41 – State/Local $ Per Full-Time College Student (Pollina; State Higher Ed Executive Officers) #28 – High School Completion (U.S. Census Bureau) % of population, 25 years or older, completing high school or higher #28 – Grad. Rate for Associate’s Degree Students (NCES) #28 – College Affordability (Enterprising States) #21 – % of Associate’s Degrees Awarded (NCES) #22 – Higher-Ed Degree Output (Enterprising States) Measures degree output and talent production

12 HOW’S VIRGINIA DOING? 85 percent of job growth in Virginia over the last two years came from low- and medium-wage jobs Our unemployment rate is below the national average But our labor force participation rate is at an all- time low, even as the national rate has begun to rebound

13 HOW’S VIRGINIA DOING? Employment is expected to grow more slowly in the next two fiscal years: Source: Secretary Ric Brown presentation to budget committee

14 Months Required to Re-establish Peak Employment Levels

15 U.S. and Virginia Real GDP Forecasts (2015 and 2016)

16 Months Required to Re-establish Peak Employment Levels: Virginia and the Major Metros

17 You Are a Virginian. Were You Born in Virginia? 1900-2012

18 500,000 Over 930,000 VIRGINIA’S TALENT PIPELINE By 2022, about
new jobs will be created in VA Over 930,000 workers will be needed to replace Virginia’s retiring workforce

19 Jobs and Workers by Skill Level in Virginia
VIRGINIA’S MIDDLE-SKILL GAP Jobs and Workers by Skill Level in Virginia High-Skill Jobs High-Skill Workers Middle-Skill Jobs Middle-Skill Workers Low-Skill Jobs Low-Skill Workers 49% 0% 10% 20% 30% 40% 50% Source: NSC analysis of Bureau of Labor Statistics Occupational Employment Statistics by State, May 2012 and American Community Survey data, 2012.

20 HOW’S VIRGINIA DOING? Our Challenges Competition Federal Budget Cuts
Health Care Reform Traditional Industries in Southside & Southwest Virginia have disappeared Workforce Shortage & Skills Gap

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22 Five keys to economic success for your region:
Connected to the outside world Competent workforce Intellectual Capacity Investment in Infrastructure Pro Business Environment/ Entrepreneurship We need Help From Washington…

23 2016 GENERAL ASSEMBLY UPDATE

24 EDUCATION REFORM Early Childhood Education: K-12: Higher Education:
HB 46 - Establishes School Readiness Committee and names Virginia Chamber as a member Will provide a business community voice on credentialing and improving early childhood resources K-12: HB 895/SB Aligns high school graduation requirements with college and career readiness needs Higher Education: HB 66/SB Establishes the New Economy Workforce Credential Grant Program Creates a demand-driven credentialing program for high-demand jobs Reimbursements up to $3,000 per student.

25 Idea came from Chamber Foundation study
Virginia International Trade Corporation Idea came from Chamber Foundation study Fulfills Blueprint goal of strengthening international trade promotion NEXT: Legislation gives the administration until December to establish

26 Bipartisan support in the House & Senate
GO VIRGINIA Update Bipartisan support in the House & Senate Fulfills Blueprint goal of regional leadership for private sector development NEXT: Regional councils to identify and advance projects

27 BLUEPRINT VIRGINIA

28 BLUEPRINT VIRGINIA: By the Numbers
REGIONAL BRIEFINGS HOSTED IN MORE THAN SIGNED UP AS STAKEHOLDERS BLUEPRINT VIRGINIA ENGAGED MORE THAN

29 WHERE DO WE WANT TO BE IN 8 YEARS?
IMPROVING EDUCATIONAL ACHIEVEMENT AND WORKFORCE READINESS BUSINESS CLIMATE & ECONOMIC DEVELOPMENT DEVELOPING THE TRANSPORTATION INFRASTRUCTURE FOR A COMPETITVE ECONOMY STRENGTHENING VIRGINIA’S BUSINESS CLIMATE DELIVERING QUALITY, COST-EFFECTIVE HEALTHCARE FOSTERING INNOVATION AND ENTREPRENEURSHIP ENSURING OUR ENERGY SECURITY AND SUSTAINABILITY INCREASING MANUFACTURING JOBS WITH PRO-BUSINESS POLICIES PRESERVING OUR MILITARY ASSETS AND SUPPORTING OUR VETERANS PROTECT, CONSERVE AND DEVELOP OUR NATURAL RESOURCES

30 BLUEPRINT VIRGINIA IMPLEMENTATION
2013 Virginia Economic Summit November 29th, 2013

31 WHY THE BLUEPRINT? UNIFIED VOICE LONGTERM ECONOMIC DEVELOPMENT PLAN NONPARTISAN Note: 2017 UPDATE PLANNED

32 Build on one of state government’s core assets—the Virginia Community College System—as a critical gateway to both postsecondary education and the workforce for high school graduates and mid-career adults. Support the Virginia Business Higher Education Council’s Grow By Degrees coalition’s objectives, including its “College, Knowledge and Jobs” policy agenda and sustained implementation of the “Top Jobs” Act of 2011. Prioritize the “Top Jobs” components with the most business salience — increased STEM-H education and career readiness, including industry certification and licensure for high-demand, high-skilled jobs.

33 December 2nd, 2016 – Kickoff

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36 Presentation to the State Council of Higher Education
Barry DuVal, President & CEO


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