Sara Perlman Barrow - Greater MSP


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Greater MSP presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights

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Sara Perlman Barrow - Greater MSP

  1. 1. MINNEAPOLIS SAINT PAUL REGION JOB GROWTH HAS FALLEN AND REMAINS BEHIND THE NATIONAL AVERAGE AND THAT OF OUR PEER REGIONS Peer Regions2.0 GREATER MSP Region1.51.00.5 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010-0.53-year moving average difference between MSP or Peer group and the U.S.using the given year and the previous two years for all historical data andprojections. Using total non-farm payroll data. Peer MSAs are defined asSeattle, Sacramento, Columbus, Austin, Raleigh-Durham, Denver, andChicago
  2. 2. WHO IS GREATER MSP?GREATER MSP is a private-public partnershipdedicated to providing leadership, coordinationand engagement to grow the economyof the 13-county Minneapolis Saint Paul region
  3. 3. GREATER MSP MISSIONEngaged private and public sector leaders advancing acoordinated:• Regional economic development strategy,• Regional brand to promote the region’s assets and capabilities,• Regional business retention, expansion and recruitment program,all to stimulate capital investment and job creation inthe greater Minneapolis St. Paul metropolitan region. 4
  4. 4. What key industry/business sectors are most important now and in the future? ▪ Financial ▪ Bio tech advisory ▪ Healthcare Providers ▪ Banking ▪ Healthcare Payers and IT ▪ Insurance ▪ Medical devices Financial Services Health and Life and Insurance Sciences▪ R&D centers▪ Software/ IT ▪ Corporate headquarters▪ Advanced ▪ Creative services manufacturing ▪ Professional services▪ Energy/ ▪ Data centers renewables Innovation and Technology Headquarters and Business Services ▪ Food processers Food and ▪ Agrichemicals ▪ Food production Agribusiness ▪ Seed production
  5. 5. But Who is Going to Fill These Jobs?Workforce Shortages● Almost half of respondents had positions unfilleddue to a lack of qualified applicants and indicatedmoderate or serious shortages of workers.●The severity of current and future workforceshortages was highest in skilled production (58percent had some degree of shortage) and scientistand engineering (40 percent) occupations, andlowest in low-skilled production, management andadministration, and customer service. (Source, The 2011 MinnesotaSkills Gap Survey)
  6. 6. Education is More Important Than Ever“Currently, only 40 percent of working-age adults in Minnesotahave a postsecondary degree, such as an associate or bachelorsdegree. A recent study by Georgetown University researcherspredicted that 70 percent of the jobs in Minnesota will requireeducation beyond high school by 2018. And projections show thatthe economic recovery will depend largely on new jobs thatrequire higher levels of skills than many workers currently have.”MNSCU Press Release, October 31, 2011
  7. 7. Population and Employment Trends for MN and GREATER MSPo Births and fertility rates in Minnesota fell between 2007 and 2009.o The pattern of decline and results in other states suggest the decline in births may be related to the recent recession. (MN Demographic Center)o Statewide, and in the 11 GREATER MSP Counties, More than 37% of the population is aged 45 or above. (2010 Census)o Minnesota’s economy is projected to add 247,000 jobs between 2009 and 2019, recapturing the 130,000 jobs lost from the Great Recession and then adding another 117,000 by 2019. (MN DEED)
  8. 8. Houston, We Have a Problem..o “Minnesotas students once again outperformed much of the nation on reading tests in 2009, but the achievement gap between black and white students hasnt budged in almost 20 years” Star Tribune March 24, 2010o “This is getting to be a genuine embarrassment, no longer an interesting idiosyncrasy, in a state that has always prided itself on fairness. Moreover, its a recipe for economic disaster. Our non-white population will swell from somewhere around 5 percent in 1980 to 25 percent by 2035, according to the Minnesota State Demographic Center, and the school-age population typically is even higher. If that isnt enough, consider the dollars-and-sense perspective: Our economy will not thrive as it has unless minority education attainment, specifically the successful completion of some higher-education credential, matches the historically high level achieved by our German and Scandinavian and European immigrants over the last century.” Dane Smith, Executive Director of Growth and Justice - MinnPost April 2010
  9. 9. Let’s Stop Admiring the Problem..
  10. 10. Improving Access to Higher Education…o POWER OF YOU – Power of YOU is a program of Minneapolis Community and Technical College that makes the first two years of college available tuition-free. Applicants must graduate from a public, charter or alternative high school in Minneapolis or Saint Paul. The program is collaboration between Minneapolis Community and Technical College (MCTC) and Saint Paul College that provides access to a broad spectrum of academic programs and career pathways.o Graduate Minnesota - Complete your degree. Anytime. Anywhere. Graduate Minnesota is a statewide outreach effort by the Minnesota State Colleges and Universities and the University of Minnesota to encourage students who have earned some college credits to complete their associate or bachelors degrees. It is never too late to return to school.
  11. 11. My Two Cents…o Keep Higher education tuition affordableo Continue efforts to connect business development with workforce development centers and higher education trainingo Stop pitting business and government against each other – work together for solutionso “Growth Fixes Everything” Star Tribune Headline. Jobs, Jobs, Jobs