Existing Industry Clusters

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Existing Industry Clusters

  1. 2. Purpose <ul><li>Short Term: Assist Businesses in Finding Qualified Workers </li></ul><ul><li>Long Term: Transition the Workforce to a Higher Skills Economy </li></ul>Position the Memphis Region to Compete with Other Major Regions in the Global Economy
  2. 3. STUDY AREA 52 Counties 8 Sub-Regions
  3. 4. Who Will Benefit <ul><li>Existing Business and Industry </li></ul><ul><li>Economic Development Organizations </li></ul><ul><li>Local Governments </li></ul><ul><li>Workforce Investment Boards </li></ul><ul><li>K-12 Educators </li></ul><ul><li>Colleges and Universities </li></ul><ul><li>Training Providers </li></ul>
  4. 5. Objectives <ul><li>Document the Current Strengths and Weaknesses of the Workforce </li></ul><ul><li>Quantify Hidden Labor Resources </li></ul><ul><li>Identify Unmet Training Needs </li></ul><ul><li>Use Regional Perspective to Match More People with Jobs </li></ul>
  5. 6. Objectives <ul><li>Develop Business and Economic Targets for each Sub-region </li></ul><ul><li>Identify Roles and Areas of Specialized Research for Higher Education </li></ul><ul><li>Inform K-12 Educators of Workforce Needs and Trends </li></ul>
  6. 7. Process <ul><li>Interviewed 3,600 Workers </li></ul><ul><li>Collected 364 Employer Surveys </li></ul><ul><li>Interviewed 65 Key Workforce Influencers </li></ul><ul><li>Conducted 5 Focus Groups of Community Representatives </li></ul>
  7. 8. Key Assets <ul><li>Huge Hidden Potential Workforce </li></ul><ul><ul><li>Underemployed 188,795 </li></ul></ul><ul><ul><li>Not Employed, Wanting Work 328,795 </li></ul></ul><ul><ul><li>Recent College Graduates 14,500 </li></ul></ul><ul><ul><li>Total Hidden Labor Supply 532,090 </li></ul></ul>
  8. 9. Key Assets <ul><li>Large Percentage of Employed and Not Employed are Interested in Training </li></ul><ul><ul><li>58.9% Want to Upgrade Skills – 799,510 </li></ul></ul><ul><ul><li>Leading Fields of Interest among Workforce: </li></ul></ul><ul><ul><ul><li>Computer Related </li></ul></ul></ul><ul><ul><ul><li>Medical Related </li></ul></ul></ul><ul><ul><ul><li>Any Type of Training that will Lead to a Better Job </li></ul></ul></ul>
  9. 10. Key Assets <ul><li>Regional Population Younger than National Average, which is Preferred by Some Companies </li></ul><ul><li>Employers Report Ability to Recruit Talent from Outside Region </li></ul><ul><ul><li>Situation has Improved from Earlier Studies </li></ul></ul><ul><ul><li>Situation Better in Memphis than in Rural Areas </li></ul></ul><ul><ul><li>Improved Perception of Quality of Life is a Factor </li></ul></ul>
  10. 11. Key Assets <ul><li>Employers Report: </li></ul><ul><ul><li>Satisfactory Work Ethic and Productivity </li></ul></ul><ul><ul><li>Good Availability of Unskilled and Semi-Skilled Workers </li></ul></ul><ul><ul><li>Region Perceived as a Low Wage Location </li></ul></ul><ul><ul><li>Belief that Region Can Support Higher Skilled Emerging Industries </li></ul></ul>
  11. 12. Key Assets <ul><li>Excellent Foundation for Economic Expansion </li></ul><ul><ul><li>Higher Number of Post-secondary Institutions than Comparable Southeastern Regions </li></ul></ul><ul><ul><li>Good Corporate Presence and Base </li></ul></ul><ul><ul><li>Fed Ex Hub and Other Excellent Transportation Assets </li></ul></ul><ul><ul><li>Existing Industry Clusters </li></ul></ul>
  12. 13. Key Assets Existing Industry Clusters Sub-regions 6 7 8 5 4 3 2 1 Medical Machinery Aluminum Products Furniture Gaming Logistics
  13. 14. Key Assets Existing Industry Clusters Sub-regions Polymer Products Metal Fabrication 6 7 8 5 4 3 2 1 Elec. Equip. Food & Beverage Textiles & Apparel Ag Support Auto Parts
  14. 15. Key Challenges <ul><li>Size of Workforce has Declined </li></ul><ul><li>Population Base Growing More Slowly than US </li></ul><ul><li>Key Component of Workforce (Ages 20-34) </li></ul><ul><ul><li>Regional Projected 5-yr Growth -0.7% </li></ul></ul><ul><ul><li>National Projected 5-yr Growth 5.1% </li></ul></ul>
  15. 16. Key Challenges <ul><li>Household Incomes are Low </li></ul><ul><li>Educational Attainment is Low </li></ul><ul><li>Public School Performance is Mixed </li></ul><ul><li>Performance in Math and Science is Low </li></ul><ul><li>Number of Degrees Awarded in Math, Sciences and Engineering is Low </li></ul>
  16. 17. Key Challenges Labor Availability Region Factor          Elasticity          4-Year College Education (%)          12-15 Years Education (%)          HS Degree (%)          Median Age          Population Growth          Population Size 8 7 6 5 4 3 2 1
  17. 18. Key Challenges Occupations Region Factor          Ability to attract outside talent    N/A      Management   N/A N/A N/A  N/A   Computer/IT   N/A N/A      Production   N/A N/A      Technical/ Professional    N/A      General Business Support 8 7 6 5 4 3 2 1
  18. 19. Key Challenges Labor Quality & Costs Region Factor          Labor Costs          Work Ethic/ Productivity          Basic Computer Skills          Basic Skills 8 7 6 5 4 3 2 1
  19. 20. Key Challenges <ul><li>Some Gaps Exist Between Education, Workforce Development and Business </li></ul><ul><li>African-Americans are Under-represented in High-Tech Occupations </li></ul>
  20. 21. Key Challenges <ul><li>Need Stronger and Sustained Commitment for Change among: </li></ul><ul><ul><li>Leadership </li></ul></ul><ul><ul><li>Educators – Local and State Level </li></ul></ul><ul><ul><li>Workforce Investment Boards </li></ul></ul><ul><ul><li>Private Sector </li></ul></ul><ul><li>Need Support for a Common Vision </li></ul>
  21. 22. Situation Summary <ul><li>Region is Diverse </li></ul><ul><li>Many Assets will Support Economic Expansion </li></ul><ul><li>Good Industry Base – 12 Clusters </li></ul><ul><li>At Least Nine Targets for Growth </li></ul><ul><li>Formidable Workforce Challenge </li></ul><ul><li>Current Workforce Development System Disjointed and in Some Areas Ineffective </li></ul>
  22. 23. Recommendations Target Industries Sub-Regions 6 7 8 5 4 3 2 1 Logistics Bio-Sciences Bio-Logistics Auto Parts & Assy. Alternative Fuels
  23. 24. Recommendations Target Industries Sub-Regions 6 7 8 5 4 3 2 1 Ag Support Visitor/ Gaming Film/Music Office Operations
  24. 25. Recommendations <ul><li>Create a Regional Workforce Partnership </li></ul><ul><ul><li>Coordinate Sub-Regional Activities </li></ul></ul><ul><ul><li>Assist in Developing Industry Consortia </li></ul></ul><ul><ul><li>Transfer of Best Practices </li></ul></ul><ul><ul><li>Coordinate Lobbying Efforts </li></ul></ul><ul><ul><li>Promote Broad Ownership of Workforce Development </li></ul></ul><ul><ul><li>Pursue Grants and Other Funding for the Region </li></ul></ul><ul><ul><li>Identify Programs that can be Merged or Better Coordinated </li></ul></ul><ul><ul><li>Establish Vision, Goals, Measurements </li></ul></ul>
  25. 26. Recommendations <ul><li>Much Stronger Role for the Private Businesses </li></ul><ul><ul><li>Build Industry Consortia such as BioWorks and the Northwest TN Healthcare Consortium to Allow Industries with Similar Needs to Work Together to Influence the Quality of the Workforce </li></ul></ul><ul><ul><li>Better Communicate Emerging Career Opportunities to Lower Income Youth, Begin Communication in the Early Grades </li></ul></ul><ul><ul><li>Development and Adoption of Sound Hiring Policies for People with Arrest Records </li></ul></ul>
  26. 27. Recommendations <ul><li>Much Stronger Role for the Private Businesses </li></ul><ul><ul><li>Define Skill Needs and Communicate to Educators and Workforce Developers </li></ul></ul><ul><ul><li>Develop Tests to Measure Workforce Preparedness </li></ul></ul><ul><ul><li>Guaranteed Jobs for Students who Pass Test </li></ul></ul><ul><ul><li>More Recruiting at Local Schools and Universities </li></ul></ul>
  27. 28. Recommendations <ul><li>Much Stronger Role for Private Businesses </li></ul><ul><ul><li>More Work-study Programs, Mentoring, Career Planning </li></ul></ul><ul><ul><li>Make Junior Achievement Style Programs Broadly Available, Build on Popularity of The Apprentice </li></ul></ul><ul><ul><li>Create Vice President of Workforce Development Position </li></ul></ul><ul><li>Assist in Public Transportation Planning to Provide More and Better Access to Jobs </li></ul>
  28. 29. Recommendations <ul><ul><li>State Level Education Policies: </li></ul></ul><ul><ul><ul><li>Direct College Scholarships to Programs that Support the Economy – Math, Sciences, Engineering and on Teachers for those Areas </li></ul></ul></ul><ul><ul><ul><li>Set Goal for the Region to Become National Leader in Math and Science Graduates </li></ul></ul></ul><ul><ul><ul><li>Expand and Promote Technical Training </li></ul></ul></ul>
  29. 30. Recommendations <ul><ul><li>State Level Education Policies: </li></ul></ul><ul><ul><ul><li>Evaluate Two Path System (TN) </li></ul></ul></ul><ul><ul><ul><li>Provide Quick Response to Employer Need for New Programs and Courses </li></ul></ul></ul><ul><ul><ul><li>More Use of Career Laddering Programs such as the Health Care Program in Arkansas </li></ul></ul></ul>
  30. 31. Recommendations <ul><li>Local Education Policies </li></ul><ul><ul><li>Expand and Promote Vo-tech Training </li></ul></ul><ul><ul><li>Develop Programs to Reduce the Drop-out Rate </li></ul></ul><ul><ul><li>Coordinate and Unify Middle School Programs </li></ul></ul><ul><ul><li>Place Emphasis on Math, Sciences, Language and Critical Thinking </li></ul></ul><ul><ul><li>Use Tests Developed by Businesses to Measure Workforce Preparedness </li></ul></ul>
  31. 32. Recommendations <ul><li>Hold National African-American New Economy Workforce Development Conference </li></ul><ul><ul><li>Goal: Coalesce Ideas, Identify Solutions, Develop Vision as a National Leader, Create Action Plan </li></ul></ul><ul><ul><li>Involve Top National Thinkers and Leaders </li></ul></ul><ul><li>Expand the Talent Magnet Program to Make it Useful to the Suburbs and Greater Region </li></ul>
  32. 33. Implementation Network
  33. 38. Company-Based Intern Career Pathing
  34. 39. Company-Based Adult Career Development
  35. 40. National Impact <ul><li>Selected for Economic Development Administration Funding </li></ul><ul><li>First to Use Online Workforce Data Delivery System </li></ul><ul><li>More Potential Funding and Recognition for Sub-regional Initiatives to Follow </li></ul>

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