unveiling the 2013 rankings todd klingel president & ceo minneapolis regional chamber of...

Unveiling the 2013 Rankings

Todd KlingelPresident & CEO

Minneapolis Regional Chamber of Commerce

Three key areas of importance:

Business ClimateWorkforce Development

Quality of Life

G

Letter GradesMSP Rankings within Peer Group

A = 1 B = 2 - 3 C = 4 - 6 D = 7 - 8 F = 9

Overall Rankings12/50

Business Climate

Unemployment Rate Group Rank Region Overall Rank

1 Minneapolis-Saint Paul 2/49

2 Austin 4/49

3 Boston 5/49

4 Kansas City 11/49

5 Phoenix 20/29

6 Seattle 21/49

7 Denver 25/49

8 Portland 28/49

9 Atlanta 37/49

10 San Diego 40/49

Job Recovery

Job Recovery

Total jobs lost 160,000 Total number of jobs recovered 150,000

February 2008 - March 2013

Group Rank Region Overall Rank

1 Austin 1/100

2 Seattle 18/100

3 Denver 20/100

4 Phoenix 21/100

5 Minneapolis-Saint Paul 34/100

6 Portland 36/100

7 Atlanta 37/100

8 Boston 39/100

9 San Diego 57/100

10 Kansas City 59/100

Job Growth

Goal 500 Workers

580 enrollees468 industry-recognized credentials

420 living wage jobs

RENEWRenewable Energy Networks Empowering

Workers

Regional Exports

Minneapolis - St. Paul Export Initiative aims to double the regions exports by 2017

$31.2 billion in revenue in 2011

Up $200 million from the previous year

Cost of Doing BusinessGroup Rank Region Overall Rank

1 Kansas City 90/200

2 Atlanta 96/200

3 Portland 106/200

4 Denver 130/200

5 Phoenix 131/200

6 Minneapolis-Saint Paul 156/200

7 Seattle 161/200

8 Austin 165/200

9 San Diego 176/200

10 Boston 199/200

Workforce Development

Workforce Development

Regional Analysis & Outreach UnitAnalysis and Evaluation Office

Labor Growth will Slow

MN Demographic Center

High School Graduation Is No Longer Enough

• 70% of Minnesota job openings will require at least some college--63% nationally

• In 1973, 28% of job openings required some college

• Minnesota is the 3rd most education intensive job market in the nation

• Nationally, college degrees conferred will need to increase by 10% a year by 2018 to meet the demand for skilled workers and avoid slower economic growth

Georgetown Univ Center for Education and The Workforce

Education Achievement Gaps Are LargeMinnesota High School Graduation Ratio

47%

73%

52% 51%

85%

53%61%

78%

92%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2009-10 Mn Dept of Education 5 year graduation rate. Percent of 9th graders who graduate within 5 years. ACS 2009

White Black Ratio2010 6.4% 22% 3.432012 5.0% 13.1% 2.62.

Sources: EPI estimates based on data from the Current Population Survey and the Local Area Unemployment Statistics from the Bureau of Labor Statistics, and December 2012 projections from Moody’s Economy.com

MinnesotaBlack and White

Unemployment Rates

Ban the Box

Quality of Life

SafetyGroup Rank Region Overall Rank

1 Minneapolis – Saint Paul 3/35

2 San Diego 6/35

3 Austin 8/35

4 Portland 13/35

5 Seattle 14/35

6 Denver 15/35

7 Kansas City 16/35

8 Boston 17/35

9 Phoenix 21/35

10 Atlanta 34/35

Safety

Safety

Year to Date in the DIDViolent Crime is down 22% during the day

Violent Crime is down 27% during the evening

Year to Date in Downtown OverallPart 1 Crimes down 5%

Violent Crime is down 20%

Transit

Miles of LRT in regional systemRegion Miles

San Diego 74

Portland 52

Denver 35

Austin 32

Boston 22.6

Phoenix 20

Seattle 15

Minneapolis – Saint Paul 12

Atlanta 0

Kansas City 0