3 NATION’S FASTEST GROWING COLLEGES- ENROLLMENT Numbers do not include:Over 35,000 Workforce contract trainingOver 33,000 Adult Basic Education students
4 But… The Buzz is All About The Completion Agenda.Who is GettingIt Done?
5 Nation’s Fastest Growing Colleges- credentials Since ,Credentials Have Increased102 %NOTE: The original slide you used as Press Club showed a base in as 4,7xx. That is because an error was made in the data pull and did not include less than two year colleges in that time frame. Since then, that error has been corrected and CTCC, NWLTC, and FTCC are included in The change is dramatic but these numbers are accurate dips due to hurricane activity, corresponds to the implementation of Banner which presented prior data issues. There were also some issues with colleges not entering completers.
6 Community and Technical Colleges Return Louisiana’s Investment State FundingPer CompleterAnnual Louisiana Salary Earnings From New Completers
7 What does Louisiana need from its Community and technical colleges?
8 Workforce POOL 4.6 Million Louisiana Population 2.3 Million 670,000 High School DiplomaPost-Secondary CredentialHigh School DiplomaNo Post-Secondary CredentialSome College530,0002.3 MillionNon-Working Population2.3 MillionWorking Adult Population525,000High School DiplomaNo Post-Secondary Credential600,000No High School DiplomaNo Post-Secondary Credential
9 Educational alignment To High Demand job openings 2.3 Million100%670,000High School DiplomaPost-Secondary CredentialHigh School DiplomaNo Post-Secondary CredentialSome College530,000525,000High School DiplomaNo Post-Secondary CredentialNo High School DiplomaNo Post-Secondary Credential600,000Source: LWC Long-term Occupational Forecast
10 Defining the workforce gap Annual Job OpeningsAnnual CompletionsDemand GapRationale: ensures that funds are targeted to areas of greatest unmet need
11 Laser focus on Demand Gap TierOneTwoThreeCritical Fields - Economic Driver Industries4 & 5Star JobsCritical Fields – Healthcare & EducationOther Priorities1, 2, & 3Star Jobs
12 Louisiana’s Workforce Need is Great Louisiana’s workforce forecast projects an ADDITIONAL ANNUAL job demand of over 14,000 “Tier One” jobs4-Year2,085 annual completers2-Year12,152 annual completersThis is a result of LED informing us that the original chart (refer to earlier presentation) was “…not as detailed as the information we have today.” The current information, mapping, and crosswalks has resulted in these numbers. Put another way, the Tier 1 data has been refined since it’s creation almost a year ago (by LED/LWC) and the 4 & 5 Star Job data is based on current and accurate CIP codes. LED has indicated that the slide that we took their materials is dated and should not be used.85% of additional jobs will be supplied by 2 year collegesSource: Louisiana Economic Development and Louisiana Workforce Commission Gap Analysis for the WISE Act. Note: each represents 10 individuals.
13 “Tier One” Jobs Requiring Community or Technical College Education - Annual Completers Compared to Targeted State Needs -+ 547+ 4,648+ 1,001+ 493+ 768+ 2,613+ 2,208Source: Louisiana Economic Development and Louisiana Workforce Commission Gap Analysis
15 OUR LOUISIANA 2020Double graduates to 40,000 annually with a focus on increasing graduates in high demand fields.Double earnings of an annual graduating class to $1.5 BillionQuadruple transfer students to universities to 10,000 annuallyDouble students served to 325,000 annuallyQuadruple partnerships with businesses to 1,000 annuallyDouble foundation assets to $50 million