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Lee Munnich: Minnesota’s Workforce Investment and Competitiveness  Strategy
 

Lee Munnich: Minnesota’s Workforce Investment and Competitiveness Strategy

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  • Coming out of MOC cluster studies - federal and state investments in regional economies Federal WIRED grant of $5 million – connecting 36 counties State invested $600,000 in seed funding for FIRST grants (Framework for Integrated Strategies) shown in map above – inclusive of Wisconsin and Iowa
  • One year later = the power of regionalism drives collaboration with four parallel initiatives.
  • Clusters are connected If we see oil/gas, we’ll probably see plastics, chemicals, etc. Locations are very important Shows the diversification path that is possible for an economy/country
  • Industry clusters are geographic concentrations of interconnected firms and supporting organizations – representing a potent source of productivity and higher wages. Regional concentrations of skills and capital are present – but addressing the challenges and maximizing metropolitan potential requires better information about the basis for clustering and the degree to which industries and occupations are organized. Six Key Criteria • Strength of competitive advantage (existing or emerging) • Potential gain for industry cluster from private‐public collaboration • Degree of geographic distribution in the region • Potential to spur innovation • Potential to spur entrepreneurship • International strength Considering the 6 criteria the mayors choose three industries to begin focusing on: mayoral interviews for the qualitative piece and graduate student cluster diagnosis, analysis, vision and recommendations Cluster approach is about building RELATIONSHIPs
  • Reconnect physician base w/cluster Bridge gap between the U and business Need a database of information and resources
  • MW-ITP002-20101111-317
  • MW-ITP002-20101111-317
  • MW-ITP002-20101111-317
  • Lee – I put this final piece in so we would wrap up with key points pertinent to driving regional competitiveness – we could just speak off of the last slide I inserted and review the final information we should bring our handout for RCM to Harvard to hand out at this Sunday session. CAN YOU PRINT Color copies – 25?

Lee Munnich: Minnesota’s Workforce Investment and Competitiveness  Strategy Lee Munnich: Minnesota’s Workforce Investment and Competitiveness Strategy Presentation Transcript

  • Minnesota’s Workforce Investment and Competitiveness Strategy L. Burke Murphy Workforce and Economic Development Lee W Munnich Humphrey Institute of Public Affairs
  • Merging WF and ED MERGING WORKFORCE AND ECONOMIC DEVELOPMENT
  • Economic Comp Focus
    • MOC Investment:
    • ’ 06/’07 – 110 Exec Dev (21 studies)
    • ‘ 08 – 19 Capstone HHH (5 state studies)
    • ‘ 10 – 20 Capstone RCM (3 Metro, 3 Rural)
    • ‘ 10 – 11 Graduate Course (3 Metro studies)
    ECONOMIC COMPETITIVENESS FOCUS
  •  
  • Capstone PA 8081(7) Spring 2010 REGIONAL COMPETITIVENESS PROJECT
  •  
    • The need for one, consistent regional voice and vision for the Minneapolis – St. Paul metropolitan region emerged as the dominant theme
    • Achieving this unified vision requires bold action by:
    • leveraging the region’s competitive strengths
    • relationship building between mayors and CEOs
    • convening cluster leadership
    • capitalizing on federal and state opportunities
    THE POWER OF REGIONALISM
  • Furniture .29 Building Fixtures, Equipment & Services .88 Fishing & Fishing Products .31 Hospitality & Tourism .78 Agricultural Products .31 Transportation & Logistics 1.27 Competitiveness and Composition of MSP Metro Area Linkages Across Traded Clusters, Location Quotients, 2006 Plastics 1.02 Oil & Gas .33 Chemical Products 1.15 Biopharma- Ceuticals .45 Power Generation .40 Aerospace Vehicles & Defense .09 Lighting & Electrical Equipment 2.05 Financial Services 1.63 Publishing & Printing 1.99 Entertainment 1.14 Information Tech. 1.50 Communi- cations Equipment .49 Aerospace Engines .21 Business Services 1.26 Distribution Services 1.37 Forest Products 1.01 Heavy Construction Services .65 Construction Materials .54 Prefabricated Enclosures .17 Heavy Machinery .84 Sporting & Recreation Goods 1.14 Automotive .53 Production Technology 1.60 Motor Driven Products .97 Metal Manufacturing 1.39 Apparel .26 Leather & Related Products .63 Jewelry & Precious Metals .46 Textiles .20 Footwear .04 Processed Food 1.07 Tobacco .52 Medical Devices 3.51 Analytical Instruments 2.04 Education & Knowledge Creation .90 Note: Clusters with overlapping borders have at least 20% overlap (by number of industries) in both directions. Location Quotient = MSP Industry Job Share / US Industry Job Share Strong Stronger Strongest
  •  
    • Chosen for:
    • Employment concentration 3.5x national average
    • High rate of innovation and entrepreneurship
    • Key take-away points:
    • Bold action is needed
    • Early innovators built locally strong industry
    • Industry competition fierce
    • Economic development strategy cannot be ‘business as usual’
    • Regional customer (physician) demand opportunity by incorporating Mayo
    MEDICAL DEVICES
  •  
  • Central Corridor Cluster Project Economic/workforce development Collaborative Team Locally traded clusters ICIC Minneapolis/St Paul Philanthropic Community McKnight, Surdna, Ford, Wells Fargo, St Paul,Minneapolis, United Way Corridors of Opportunity Connecting workers & job growth HUD & Living Cities
    • Acclerate MSP
    • Metropolitan Business Plan
    • Stimulating the entrepreneurial
    • ecosystem
    • ULI MN/Regional Mayors Itasca,
    • DEED, Target, Brookings Institution
    • Regional Cluster Initiative
    • (RIC)
    • Industry cluster advancement
    • Medical device cluster board
    • Regional cluster mapping project
    • Regional Council of Mayors, UMN, DEED, BioBusiness Alliance
    • Regional Economic
    • Development Partnership
      • Retention, expansion, attraction
      • Business Bridge
    • Itasca Project
    • Corporate-led private/public
    • collaboration
    • Destination 2025
    • Growing MN’s bioscience economy - 20-year plan
    • Bio Business Alliance of
    • Minnesota & Deloitte Consulting
    MSP Job Growth Public/Private/Nonprofit Partnerships
  • The Minneapolis Saint Paul Region – The Twin Cities of America’s Midwest Placeholder core industry clusters Top research institutions Fortune 500 companies Unique region with major cities Home to over Million people 10+ 20 3 2 10
  • Five regional strategies will be key to our success moving forward Corridors of Opportunity Initiative 1 3 Regional Cluster Initiative 4 Regional Economic Development Partnership (REDP) 2 Entrepreneurship Accelerator 5
  • Regional economic levers of Metropolitan Business Plan Human capital Innovation and entrepreneurship Spatial efficiency Public and civic institutions Information resources Regional concentrations M N
  • Regional Competitiveness & Cluster Strategy
    • Next steps – integrating w/ MSP Business Plan
      • Regional Cluster Initiative year two
        • Executives of Cities meet Executives of Companies to tap into the competitive advantage of Headquarters
        • Medical Device Cluster Board
        • Case Study
      • Corridors of Opportunity – two cluster projects
      • National / Regional cluster mapping project