Economic Development in the Next Economy: Charting a New Path to Growth and P...
NAWB presentation
1. HOW LOUISVILLE IS USING LABOR
MARKET INTELLIGENCE TO SHAPE ITS
ECONOMIC FUTURE
ERIC BURNETTE, WORKFORCE INTELLIGENCE & COMMUNICATIONS
&
MICHAEL GRITTON, EXECUTIVE DIRECTOR
KENTUCKIANAWORKS
LOUISVILLE, KY
12. RESULTING CHANGES TO MAYOR’S
STRATEGIC GOAL FOR WAGES
Original
New
Improve average wages (in all industries covered by unemployment insurance) to top
quartile of urban peer cities by FY16. “Advantage Louisville,” our community’s five-year
economic development strategy, will inform most of this goal’s initiatives.
Improve median annual wages, adjusted for cost of living, to the top half (1/2) of peer cities
by 2020 and top third (1/3) by 2030.
13. RESULTING CHANGES TO MAYOR’S
STRATEGIC GOAL FOR JOBS
Achieve an employment rate that is within the top quartile of peer cities annually and
increase economic growth and innovation consistent with the Bluegrass Economic
Advancement Movement (BEAM) Metropolitan Business Plan proposed by Brookings
by FY18. "Advantage Louisville," our community's five-year economic development
strategy, will inform most of this goal's initiatives.
Original
Proposed
(Placeholder)
CENTRAL QUESTION: How do we get the most jobs we want (high wage/high
demand) out of the industries we have?
15. HEALTHCARE AS PERCENTAGE
OF TOTAL JOBS
LOUISVILLE MSA
Source:
EMSI
Analyst
Acute
Healthcare
7%
50,696 jobs
Longterm
Healthcare
3%
17,907 jobs
All other
industries
90%
600,122 jobs
16. All Other Industries
90%
600,122 JOBS
HEALTHCARE AS PERCENTAGE
OF PROJECTED 2013-2023
JOB GROWTH
LOUISVILLE MSA
Source:
EMSI
Analyst
Longterm
Healthcare
6%
4,294 jobs
Acute
Healthcare
16%
12,058 jobs
All Other
Industries
78%
17,907 jobs