Centre County Future

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Centre County Future

  1. 1. The Future of Central Pennsylvania Business & Industry Central Pennsylvania Regional Career Fair State College, PA April 22, 2009 Rose M. Baker & David L. Passmore Penn State Workforce Education & Development Initiative
  2. 2. Slides from this presentation Links to reports for Blair, Centre, Clinton , Huntingdon, Juniat a, & Mifflin counties Links to government & regional web sites Links to our work Background information about counties and all slides in this presentation
  3. 3. Population • 421,304 in 2008 • 422,424 in 2012 • Lower concentration <55 years old • Higher concentration ≥55 years old Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  4. 4. Employment • 262,512 in 2008 • 270,937 in 2012 • Losses in manufacturing & utilities • Large % gains in real estate & in educational services Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  5. 5. Migration in 2006 • 2.56% in-migrants • 2.53% out–migrants • 20% of in–migrants from foreign locations • 10,800 in & 10,600 out Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  6. 6. Patents in 2007 • 3.73 per 10,000 in region • 6.06 per 10,000 in state • 7.88 per 10,000 in nation Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  7. 7. Contributions to state economy in 2007 • 0.09 % of gross state product • 0.08% of profits • 0.1% of earnings • 0.08% of taxes Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  8. 8. Competitiveness Education & Training Innovation Three factors affecting the vitality of the economy of Central Pennsylvania
  9. 9. Competitiveness Education & Training Innovation Based on national, industry, & regional employment changes
  10. 10. Regional National Regional National Employment Industry Competitive Effect Effect Effect Change Based on national, industry, & regional employment changes
  11. 11. From 2008 through 2012 Regional 8,425 National = Industry = Competitive = +16,653 –2,129 job increase –6,103 Forecasted for Central Pennsylvania
  12. 12. Highest • Education, agricult ure, & some services Lowest • Government, manufa cturing, retail trade, & health care Major industries in Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  13. 13. Lower use of labor than nation and region for every dollar of product & service sold Consider what “competitiveness”  means In Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  14. 14. Highest • Education, agricult ure, & some services Lowest • Government, manufa cturing, retail trade, & health care Major industries in Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
  15. 15. Competitiveness Education & Training Required Innovation Economy For job openings created by growth and change and by the need to replace workers who die, retire, or otherwise leave their occupations in Central Pennsylvania
  16. 16. For job openings created by growth and change and by the need to replace workers who die, retire, or otherwise leave their occupations in Central Pennsylvania
  17. 17. Competitiveness Education & Training Required Innovation Economy
  18. 18. Based on work of Richard Florida, author of The Rise of the Creative Class
  19. 19. Dynamic competitive environment which  emphasizes ◦ Flexibility ◦ Adaptability ◦ Capacity to add value through intangible assets Knowledge workers and their talents become key  economic differentiators  Choices for employment are not bounded by traditional location/geographic characteristics
  20. 20. The Future of Central Pennsylvania Business & Industry Central Pennsylvania Regional Career Fair State College, PA April 22, 2009 Rose M. Baker & David L. Passmore Penn State Workforce Education & Development Initiative

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