The Building Blocks of a Competitive Community<br />
Top factors determining Employer Site Selection<br />Availability of Skilled labor<br />Labor costs<br />Tax exemptions <br />State/Local incentives<br />2002<br />90.9%<br />89.9%<br />88.2%<br />88.0%<br />Area Development Magazine Survey of Site Selection consultants<br />2010<br />92.6%<br />96.8%<br />88.4%<br />96.8%<br />
Training Increases ProductivityTraining Investment vs Capital Investment<br />Source: 21st Century Skills for 21st Century Jobs. Lisa Stuart/Emily Dahm<br />The National Center on the Educational Quality of the Workforce Study<br />
Training InvestmentReturn on People<br />“…each of these three portfolios out performed the S & P 500 by 17% to 35% in 2003.”<br />Using 3 live portfolios made up of the stock in companies that “spent aggressively on employee development.” <br />“…organizations that make extraordinary investment in people often enjoy extraordinary performance on a variety of indicators including shareholder return.”<br />Source: Harvard Business Review, March 2004 Bassi/McMurrer<br />
Success in NC - What we did<br />Engaged conversation - Understand training needs<br />Aligned programming/training<br />Aggressively pursued funding<br />Developed programs addressing specific demands <br />Continued to aggressively pursue funding<br />Leveraged existing industry cluster – Aerospace build on success<br />Are still continuing to aggressively pursue funding<br />
Results<br />Strong relationship with our private sector partners<br />$12.0+ million grant application, $2.5+ million in funding for equipment/staff<br />7000 square foot facility in the heart of the local industrial park<br />400+ trained workers in industrial maintenance, CNC, manufacturing<br />Sales staff made more than 700 calls last year<br />
Best practice<br />Positive, modest leadership <br />Open, consistent, persistent communication<br />Collaboration - We all win or we all lose<br />Understanding of the relationships between the two perspectives<br />Understanding of needs and demands<br />Higher Education needs to be more entrepreneurial <br />Higher Ed needs to understand their role in Economic Development<br />
A particular slide catching your eye?
Clipping is a handy way to collect important slides you want to go back to later.