This document discusses a new approach to workforce development called Workforce Development 2.0. It outlines five realities that define this new approach: 1) taking a systems perspective, 2) using skills as a common language, 3) designing new career pathway maps, 4) managing a regional skills bank, and 5) accelerating open innovation through collaboration. It provides examples of how different states and organizations are implementing programs aligned with these realities, such as industry skills panels, industry partnerships, and youth network pilots. The goal is to build metrics-driven collaborations to better prepare more individuals for high-income careers.