smart investments to enable rebirth, rejuvenation, and positive energy 25-sep-2013
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Smart Investments to Enable Rebirth, Rejuvenation, and Positive Energy
25-Sep-2013Smart Investments
Thriving Communities!
Sunscreen Test!
Education,
Up-skilling, &
Human Capital FormationTechnology &
InnovationIndustry Clusters &
Supply ChainsIs Education A Good Thing?
Recap of 40 Years of ResearchHigher IncomesBuy More Goods & Services Locally
Pay More TaxesLive Longer
More EducationLowe Levels of Incarceration
Less Dependence on Public AssistanceDegree ROI Varies SIGNIFICANTLY
Median Salary for Math & Computer Graduates $70,000
Median Salary for Liberal Arts Graduates $47,000Liberal ArtsValue is in the MEZZANINE Level Education!Bachelor's & Above
Associates Degree
Professional Certificate
Vocational Degree
High School/GEDSweet Spot:
High ROIIndustry RelevantUnder-suppliedUp-skill PotentialWhat To Do?Talk to industry about KEY OCCUPATIONSConduct a workforce study w/ supply & demand by OCCUPATIONBring Middle-School & High School stakeholders to the tableDevelop Targeted INCENTIVES
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Technology!Boosts Productivity but can cost jobs
Technology Drives GrowthFostering Technology Is HardBIG SCIENCE but lightweight innovationBreakthroughs to commercialization is toughRegional knowledge Eco-SystemsResearch Parks, Incubators, & Venture CapitalMap the social network of innovators & tech creatorsLocal clusters need to be connected to global innovation hubs
Industry Clusters & Supply Chains Drive:Productivity
Innovation
New business formationHuman Capital Efficiencies
Clusters make recruiting skilled workers faster & cheaperClusters of sufficient size become known and attract regional, national, & global talent
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Supply Chain Deeping
Specialized, niche suppliersFinancial & other specialty service providers2013 ADC base redevelopment FORUM | pAGE # #
Knowledge SpilloversNatural employee churn fosters idea sharingCollaboration becomes easier/cheaperClusters can support research efforts2013 ADC base redevelopment FORUM | pAGE # #
3 ) Create Economic Development Initiatives
Targeted Recruiting
Economic GardeningWhat To Do?2 ) Map the Supply Chains1 ) Identify Key IndustriesIf Its So Easy
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Daniel MegesEconomist & Business Development Manager
www.chmuraecon.com