working together for minnesota’s prosperity

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The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator. Minnesota State Colleges and Universities Working Together for Minnesota’s Prosperity Minneapolis-St. Paul Regional Economic Forum December 17, 2012

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Working Together for Minnesota’s Prosperity. Minneapolis-St. Paul Regional Economic Forum December 17, 2012. Urgent Challenges Facing Minnesota. Current skills gap Gap in educated workers prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials - PowerPoint PPT Presentation

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Page 1: Working Together for  Minnesota’s Prosperity

The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator.

Minnesota State Colleges and Universities

Working Together for Minnesota’s Prosperity

Minneapolis-St. Paul Regional Economic ForumDecember 17, 2012

Page 2: Working Together for  Minnesota’s Prosperity

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Urgent Challenges Facing Minnesota

Current skills gap Gap in educated workers

prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials

College readiness gap State disinvestment in

higher education

Page 3: Working Together for  Minnesota’s Prosperity

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Minnesota Higher Education FundingCuts significantly deeper than national average

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 $5,000

$6,000

$7,000

$8,000

$9,000

$10,000 $10,089

$8,961

$7,098

$6,382

$6,497 $6,663

$6,088

$5,221

$8,148$8,316

$7,398

$6,875

$7,364

$7,016

$6,532$6,290

MN US

Stat

e Ap

prop

riatio

n Pe

r FYE

(Con

stan

t $)

-23%

-48%

Page 4: Working Together for  Minnesota’s Prosperity

4

Other countries are prioritizing education and surpassing U.S. educational attainment

Page 5: Working Together for  Minnesota’s Prosperity

5

Twin Cities Metro Projections

Incremental Demand for Post-SecondaryCredentials

Page 6: Working Together for  Minnesota’s Prosperity

Projected Growth in DiversityTwin Cities Metro Projections

Page 7: Working Together for  Minnesota’s Prosperity

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Actions to Ensure Minnesota’s Prosperity

1. Advance competitiveness of Minnesota’s workforce Align academic programs with workforce needs Meet demand in high-growth fields More hands-on learning through internships and

apprenticeships Prepare students on latest technology and

equipment Focus on the capabilities of the graduates

Page 8: Working Together for  Minnesota’s Prosperity

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Actions to Ensure Minnesota’s Prosperity

1. Advance competitiveness of Minnesota’s workforce

2. Accelerate completion Increase student retention and graduation rates Reduce time to completion

Page 9: Working Together for  Minnesota’s Prosperity

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Actions to Ensure Minnesota’s Prosperity

1. Advance competitiveness of Minnesota’s workforce

2. Accelerate completion3. Increase access and affordability

Drive efficiencies Hold to modest tuition increases Boost scholarships Provide access to sate grant program for part-time

students

Page 10: Working Together for  Minnesota’s Prosperity

10

Actions to Ensure Minnesota’s Prosperity

1. Advance competitiveness of Minnesota’s workforce

2. Accelerate completion3. Increase access and affordability4. Grow the pipeline

Align assessment measures Provide targeted remediation to students not on

track Expand early college credit options Better inform students about workforce needs

Page 11: Working Together for  Minnesota’s Prosperity

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Outcomes that will Advance Minnesota’s Prosperity

Academic programs aligned with workforce needs

More graduates with hands-on experience and on state-of-the-art equipment and technologies

More graduates in critical high-demand, high-growth professions

Skills gap reduced Affordability enhanced Increased enrollment, particularly

among underserved communities Improved degree completion rates

Page 12: Working Together for  Minnesota’s Prosperity

Human capital is the most important asset for economic prosperity

12

Invest Early

Graduate high school college ready

Close the Achievement Gap

Improve college completion

Close skills gaps

Ensure all of our children are ready to learn.

Ensure all children our positioned to succeed

Align graduation standards with college readiness

Improve college success rates

Ensure human capital has the technical and foundations skills needed by workforce

1

2

3

4

5

MSP can be the most prosperous metro area if we:

Grades 10 – 14 redesign

Example initiative