Your SlideShare is downloading. ×
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Minnesota's Workforce Investment and Competitiveness
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Minnesota's Workforce Investment and Competitiveness

220

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
220
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • 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?
  • Transcript

    • 1. Minnesota’s Workforce Investment and Competitiveness Strategy L. Burke Murphy Workforce and Economic Development Lee W Munnich Humphrey Institute of Public Affairs
    • 2. Merging WF and ED MERGING WORKFORCE AND ECONOMIC DEVELOPMENT
    • 3. 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
    • 4.  
    • 5. Capstone PA 8081(7) Spring 2010 REGIONAL COMPETITIVENESS PROJECT
    • 6.  
    • 7.
      • 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
    • 8. 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
    • 9.  
    • 10.
      • 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
    • 11.  
    • 12. 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
    • 13. 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
    • 14. 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
    • 15. Regional economic levers of Metropolitan Business Plan Human capital Innovation and entrepreneurship Spatial efficiency Public and civic institutions Information resources Regional concentrations M N
    • 16. 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

    ×