Key Issues and Best Practices In Rural Economic Development
Economic Development Environment • Highly Competitive • Extremely Time Sensitive • Confidentiality Is Imperative • Relationships Matter • Online Information Is Increasingly Important
10 Ways to Excel • Be Professional • Be Yourself • Document Your Workforce • Embrace Education as Economic Development • Certify Your Sites • Understand and Protect Your Assets • Show & Tell With Technology • Improvise & Innovate • Participate in Regional Alliances • Be a Player on the Home Team
Be Professional
Be Yourself
10 Ways to Excel • Be Professional • Be Yourself • Document Your Workforce • Embrace Education as Economic Development • Certify Your Sites • Understand and Protect Your Assets • Show & Tell With Technology • Improvise & Innovate • Participate in Regional Alliances • Be a Player on the Home Team
History of Top Location Decision Factors Survey, Corporate Decision Makers Top Location Decisions 2013 2012 2011 2010 2009 2008 2007 2006 Availability of Skilled Labor 1 3 2T 7 6 6 4 8 Highway Accessibility 2 2 1 1 2 1 1 2 Labor Costs 3 1 2 2 1 2 2 1 Occupancy/Construction Costs 4 5 5 4 7 3 5 7 Availability of Advanced ICT Services 5 4 * * * * * * Available Buildings 6 8 * * * * * * Corporate Tax Rate 7 7 4 6 5 8 7 3 State and Local Incentives 8 * 5T 5 8 7 8 4 Low Union Profile 9 10 10 * * 9 10T * Energy Availability & Costs 10 6 7 9 4 5 3 9 * Not in top ten factors for year shown Source: Area Development Magazine, Corporate Surveys, 2006 to 2013
Potential Hidden Labor Supply Employment Status TJP Region Not employed, but interested in 46,379 working Underemployed 27,538 Residents employed part-time, who 13,703 would prefer full-time employment Recent post-secondary graduates 7,578 Total 95,198
Top 15 Food Manufacturing Occupations % 2014 Change Avg. National 2007 2014 Change National Rank Description 2007- Hourly Avg Hourly Jobs Jobs 2007- Location 2014 Earnings Earnings 2014 Quotient 1 Meat, Poultry, and Fish Cutters and Trimmers 39 62 23 59% 0.46 $10.20 $11.40 Packaging and Filling Machine Operators and 2 920 928 8 1% 3.00 $14.50 $13.54 Tenders 3 Food Batchmakers 112 98 (14) (13%) 1.16 $19.86 $13.63 4 Slaughterers and Meat Packers <10 <10 -- -- -- -- $12.00 5 Packers and Packagers, Hand 907 802 (105) (12%) 1.41 $11.37 $10.81 Laborers and Freight, Stock, and Material Movers, 6 2,383 2,221 (162) (7%) 1.19 $10.86 $12.75 Hand 7 Helpers--Production Workers 785 650 (135) (17%) 1.83 $10.89 $11.84 8 Bakers 84 89 5 6% 0.62 $11.18 $11.95 First-Line Supervisors of Production and Operating 9 1,236 898 (338) (27%) 1.87 $23.51 $27.35 Workers 10 Industrial Truck and Tractor Operators 908 710 (198) (22%) 1.70 $12.52 $15.43 11 Maintenance and Repair Workers, General 1,149 995 (154) (13%) 0.96 $16.54 $17.88 12 Industrial Machinery Mechanics 460 413 (47) (10%) 1.54 $22.87 $23.22 13 Inspectors, Testers, Sorters, Samplers, 725 508 (217) (30%) 1.31 $14.39 $18.05 14 Food Processing Workers, All Other 47 53 6 13% 1.61 $15.56 $11.99 15 Food Cooking Machine Operators and Tenders 526 540 14 3% 19.35 $19.64 $13.51
Estimated Labor Supply for a Food Manufacturer 9-County Labor Market Area Currently employed supply 12,903 Potential underemployment yield 6,609 Not employed, but interested in employment 3,887 New labor force entrants 497 Total expected applicants – 1 year 23,895 Initial employer intercept 17,922 Qualified applicants 8,961 Commute propensity 66.7% Qualified applicants willing to commute 5,977 1 in 3 selectivity ratio 1,992 1 in 5 selectivity ratio 1,195
Food Manufacturing Educational Program Completions by Institution Food Mfg 2 Years Graduate Total Program 4-Year Institution City or Less & Beyond Completions Completions Completions Completions Completions 2013 Bethel University McKenzie 1,125 227 0 19 208 Freed-Hardeman University Henderson 432 28 0 7 21 Jackson State Community Jackson College 605 13 13 0 0 Lane College Jackson 238 40 0 40 0 Tennessee College of Applied Technology- McKenzie McKenzie 172 30 30 0 0 Tennessee College of Jackson Applied Technology-Jackson 396 53 53 0 0 Tennessee College of Applied Technology- Whiteville Whiteville 106 5 5 0 0 Union University Jackson 1,033 56 0 15 41 Total JRP Region 4,107 452 101 81 270
Embrace Education As Economic Development
10 Ways to Excel • Be Professional • Be Yourself • Document Your Workforce • Embrace Education as Economic Development • Certify Your Sites • Understand and Protect Your Assets • Show & Tell With Technology • Improvise & Innovate • Participate in Regional Alliances • Be a Player on the Home Team
Understand and Protect Your Assets
Show and Tell with Technology
Improvise & Innovate Sports Performance Core Industries
Core Industries and Support Industry Groups
Sports Performance and Sports Tourism
Manatee Sports Performance Cluster
Participate in Regional Alliances
Participate in Regional Alliances
Memphis Regional Megasite Workforce Market Population with 13-15 Years of Education
Memphis Regional Megasite Workforce Market Rubber Manufacturing Skilled Workers Top 68 Manufacturing/Technical Occupations for the Rubber Industry : Jobs 2007 194,583 2012 175,483 19,100 Fewer jobs due to recession More workers available for a new employer $18.60 Average Hourly Wage for Top Rubber Manufacturing Occupations 17.6% Lower than U.S. Average Hourly Wage Sources: BLS, EMSI, Younger Associates
Memphis Regional Megasite Workforce Market Higher Education • Colleges, Universities, and Technical Schools 50 • Provide Training for Top Rubber Manufacturing Occupations 27 • Annual Graduates 16,888 • Annual Graduates Trained for Top Rubber Manufacturing 2,217 Occupations More New Technically Trained Sources: IPEDS, BLS Workers Each Year
Be a Player on the Home Team
10 Ways to Excel • Be Professional • Be Yourself • Document Your Workforce • Embrace Education as Economic Development • Certify Your Sites • Understand and Protect Your Assets • Show & Tell With Technology • Improvise & Innovate • Participate in Regional Alliances • Be a Player on the Home Team
Sharon Younger, Ph.D. Jackson Memphis www.younger-associates.com
Recommend
More recommend
