More Funding for Higher Ed Sought in FL, OH, PA and TX Tied to Performance
Upbeat revenue forecasts and shared economic principles have Republican governors in four states requesting more funds for higher education tied to performance metrics or workforce outcomes. Recent budget proposals introduced in Florida, Ohio, Pennsylvania and Texas focus on competing for talent and jobs through efforts to encourage STEM learning and teaching and incentivizing outcomes such as graduating more students in high-demand fields, conducting research and more. College affordability is addressed through measures that would freeze tuition or cap increases.
Congress Moves Forward to Address Immigration Reform in 2013
While Congress remains in deadlock over another looming budget crisis, there is bipartisan movement on national immigration reform. Last week, a bipartisan group of senators introduced the Immigration Innovation Act of 2013 that focuses on reforming immigration law for high-skilled workers and promoting U.S. global leadership in innovation.
How Significant is the U.S. Skills Gap?
The answer may not be clear, but both sides can agree the U.S. skills gap will continue to deepen if changes do not occur. In the U.S. manufacturing sector, the skills gap may be less pervasive than many believe, according to a report from the Boston Consulting Group (BCG). BCG researchers estimate the U.S. is short 80,000 to 100,000 highly skilled manufacturing workers.
State Strategic Plans Focus on Supporting S&T in Key Sectors
In an era of tightening fiscal constraints, states have to make tough decisions, establish clear economic development funding priorities and transform their economic development models to take advantage of immediate opportunities and position their state for long-term economic growth. Mississippi, Oklahoma and Washington have released state-specific strategic plans that make those tough decisions by focusing their resources on key science & technology (S&T) areas to address the economic impacts of the Great Recession and position the state for future prosperity.
Govs Detail New Policies to Broaden Energy-Focused Economic Development
New energy plans unveiled by governors in Connecticut and Mississippi promise to capitalize on current strengths, build capacity for future projects, and encourage public-private partnerships to scale up clean energy projects and create jobs by attracting more R&D investment to the states. Connecticut's draft strategy proposes economic incentives to drive down costs of new technology and maximize the use of clean energy finance banks — an approach that is heralded as a model for other states in a recent policy report.
GA Colleges Detail Plans to Add 250,000 Post-Secondary Grads by 2020
Responding to Gov. Nathan Deal's Complete College Georgia initiative launched last year, all of the state's institutions in the University System and Technical College System have submitted plans for how they will meet the governor's goal of adding 250,000 post-secondary graduates to the state by 2020. For Georgia's research universities, graduating more students translates to more workers prepared to enter careers in science, technology, engineering and mathematics (STEM) fields.
Utah Governor Announces New Statewide STEM Education, Workforce Partnership
Utah Governor Gary Herbert announced a new public-private partnership that will establish the Salt Lake City region as a top ten center for technology jobs and businesses. To achieve this goal, the state plans to undertake a statewide planning process to identify and build on current successes and create greater collaboration in Science Technology, Engineering and Math (STEM) education.
Colorado Excels in Attracting Educated Workers, According to New Index
In comparison to most of its peer states, Colorado's workforce excels in educational attainment and entrepreneurship, according to the first Colorado Innovation Index. The index, published by the Colorado Innovation Network, evaluates Colorado's economy in relation to seven benchmark states, including Arizona, California, Massachusetts, New York, North Carolina, Texas and Utah. Only Massachusetts had a higher percentage of Bachelor's degree holders in its workforce, and only Massachusetts and New York had a higher percentage of graduate degree holders.
Engineers Mostly Upbeat on Future of Profession, but Want More Training
The start of a new school year is already underway leading to the often dreaded task of choosing a major. For today's students, balancing a rewarding career with one that offers in-demand employment opportunities has become even more of a struggle. Results from a new survey suggest the engineering field might just fit the bill, however. A survey of more than 1,200 mechanical engineers offers insight into a profession where most hold an optimistic view of their work and their ability to impact lives and meet global challenges.
Report Finds U.S. Competitiveness May Suffer Due to Lack of Human Capital Development
Long-term U.S competitiveness is threatened due to a lack of progress in U.S. child development areas that are the best indicators of human capital development, according to a new report from the Center for American Progress — The Competition that Really Matters. The authors found that U.S. gains in education, health, family income and childhood poverty and pro-family workplace policies have remained stagnate while our competitors including China and India have increased significantly since 1980. If U.S.
Southern States Must Invest in Postsecondary Education and Training, According to Report
While job growth in the South is relatively strong (20 percent growth) compared to the nation (17 percent), many southern states are trapped in an economic cycle known as a low-wage/low-skill equilibrium, according to A Decade Behind: Breaking Out of the Low-Skill Trap in the Southern Economy — a new report from the Georgetown University Center on Education and Workforce.
MA Lawmakers Pass Jobs Bill with $50M R&D Matching Grant Fund
A bill introduced less than three months ago to spur economic activity through high-impact university-industry R&D projects and provide tools for tech-based startup companies was passed with overwhelming support in the legislature. In addition to the matching fund, the bill includes funding to provide paid internships to startup technology companies and establishes an entrepreneur and startup venture capital mentoring program. Measures to address the state's skills gap and promote manufacturing competitiveness also are included.
Supertemps, Boot Camps Reshaping High-Tech Workforce
In a fast-paced global economy, the workforce has to be nimble and easily adaptable to changing needs. The new workforce is being shaped by improvements in technology, cuts to higher education, and a new generation of workers who think differently about the labor market. Two emerging trends reshaping the high-tech workforce are the rise of highly-skilled independent contractors or "supertemps," and industry-sponsored boot-camp style training to quickly fill the specialized needs of employers.
Governors' Higher Ed Reforms Win Approval in MA, NJ
Two bold proposals seeking to make big changes to community colleges in Massachusetts and New Jersey research universities recently were approved by lawmakers. In Massachusetts, more funding for the state's 15 community colleges is tied to increased oversight, performance measures and integration of workforce development initiatives. Meanwhile, New Jersey lawmakers passed a bill merging a medical and dentistry school with Rutgers University in hopes of strengthening partnerships for research projects and drawing more federal funding.
Report Contends Irrational and Undirected Immigration Polices Hurt U.S. Competitiveness
U.S. immigration policies are irrational and undirected according to a new report from the Partnership for a New American Economy and Partnership for New York City — Not Coming To America: Why the U.S. is Falling Behind in the Global Race for Talent. In sharp contrast, to attract immigrants that drive economic growth and increase international competitiveness, foreign countries have adopted targeted and strategic policies that include:
Talent Will Define Future of Manufacturing, Study Finds
Talented human capital is singled out as the most critical resource differentiating the prosperity of countries and companies in the manufacturing sector, according to a new report from the World Economic Forum. Even as unemployment remains high across the globe, an average 10 million jobs cannot be filled because of a growing skills gap. Experts say the problem is likely to worsen as more skilled workers retire. The report highlights key trends that will define manufacturing competition over the next 20 years.
Iowa Governor Announces Statewide STEM Network
Iowa Governor Terry Branstad announced the first major initiative of the Governor's STEM Advisory Council, a public-private partnership of six regional STEM network hubs to promote STEM education and economic development. Each of the hubs will be housed at one of the state's universities or community colleges, and will coordinate local programs with businesses, nonprofits and other institutions in their regions.
Canada's 2012 Budget Focuses on Industry-Led R&D
With a new approach to supporting innovation by pursing business-led initiatives focused on better meeting private sector needs, Minister of Finance Jim Flaherty presented Canada’s Economic Action Plan 2012, providing $1.1 billion CAD ($1.1 billion USD) over five years for direct R&D support. The budget also includes $500 million CAD ($502 million USD) to increase private sector investments in early stage risk capital and support the creation of large-scale venture capital funds led by the private sector.
States Programs Need Stronger Job Creation and Quality Metrics, According to Study
Most state economic development programs employ quantifiable metrics, but too few report metrics related to job creation and job quality, according to a study and report card released by Good Jobs First. The authors examined 238 economic development subsidy programs in all 50 states and Washington D.C., including corporate income tax credits, cash grants, loans, enterprise zones, worker training grants and other types of programs. Though none of the states scored an "A" in the report ratings, Nevada, North Carolina and Vermont took the top spots.
CO Governor Accelerates Regional Jobs Plan, Calls for More Economic Development Funds
Just three months after unveiling a statewide regional economic development plan, Gov. John Hickenlooper released a new version of the document that speeds up timelines and adds more specific measurable outcomes to the plan's 24 job creation strategies. The governor also submitted a budget proposal for FY13 that calls for additional funds to help the Economic Development Commission attract high-wage jobs and support initiatives that address distinct market barriers in the energy sector.
WA Gov's $9.8M Workforce Plan Supports University Research, Engineering Grads
Gov. Chris Gregoire outlined a series of proposals to boost Washington's competitiveness in the aerospace sector, including support for university research and funding to expand high school workforce curriculum and enroll more university students in engineering fields. By investing in education, research, and expanding tax incentives, Gov. Gregoire hopes Boeing will select the state to build and manufacture its 737 MAX, which the governor calls a once-in-a-generation opportunity expected to support up to 20,000 jobs.
New Report Uses Real-time Labor Market Data to Analyze U.S. Manufacturing Sector
The Center for Regional Economic Competitiveness (CREC) released a new report that uses real-time labor market information data (web-based job advertisements) to analyze the U.S. manufacturing sector for the first half of 2011. Using Labor Insight, a web tool that aggregates data about web-advertised job openings, co-authors Lauren Gilchrist, Ken Poole and Mark White highlighted several important characteristics of anticipated manufacturing hiring:
U.S. Manufactures Face a Shortage of Skilled Workers, According to New Report
American manufacturing companies cannot fill as many as 600,000 skilled positions — even as unemployment numbers hover at historic levels — according to Boiling Point? The Skills Gap in U.S. Manufacturing, a new report from Deloitte and the Manufacturing Institute. This annual skills report provides a stark snapshot of the manufacturing sector's inability to find qualified workers.
Support for Entrepreneurs, Manufacturers Included in Connecticut Jobs Package
Building on several of the new programs enacted during the regular legislative session (see the June 15, 2011 issue of the Digest), Gov. Dan Malloy last week signed into law HB 6801, a comprehensive legislative package that authorizes $626 million in bonds to support efforts aimed at job creation. The bill has several components to support high-tech entrepreneurship, workforce development, and incentivize manufacturers and small businesses.