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Workforce and Innovation for a Stronger Economy (WISE) Plan

Workforce and Innovation for a Stronger Economy (WISE) Plan. Workforce and Innovation for a Stronger Economy (WISE) Plan. Strategically aligns $40 million of NEW investment in higher education with emerging economic growth sectors Distributed competitively via defined performance measures:

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Workforce and Innovation for a Stronger Economy (WISE) Plan

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  1. Workforce and Innovation for a Stronger Economy (WISE) Plan

  2. Workforce and Innovation for a Stronger Economy (WISE) Plan • Strategically aligns $40 million of NEW investment in higher education with emerging economic growth sectors • Distributed competitively via defined performance measures: • 20% - Federal research expenditures • 80% - Degree production in 4- and 5-STAR jobs as indicated by the LA Workforce Commission • Requires 20% industry match to spur private investment in colleges and universities

  3. Workforce and Innovation for a Stronger Economy (WISE) Plan • Examples of 4- and 5-STAR jobs: • Computer Science • Construction Crafts • Education • Engineering • Finance and Accounting • Healthcare • Industrial Production • This DOES NOT diminish the importance of liberal arts and other degrees.

  4. Workforce and Innovation for a Stronger Economy (WISE) Plan • Proposed bill language: • Establishes a NEW FUND in the state treasury • Directs state treasurer to deposit funds at beginning of each fiscal year • Funds are IN ADDITION TO all other funds allocated to higher ed • LA Board of Regents and management boards shall distribute the funds • Funds will be monitored by Board of Regents, Higher Ed Systems, LED, and LWC

  5. MACRO STRATEGIC FRAMEWORK • Expand private partnerships and program alignments with business and industry. • Facilitate student and employer connections prior to graduation • Expand student access including online/hybrid learning and community college transfers and reverse transfers • Improve student success through increasing retention rates, graduation rates, and completions • Maximize faculty expertise/excellence, uniqueness, and collaborations • Grow university research and commercialization and technology transfer

  6. ANALYTICS DASHBOARD http://youtu.be/qq_5ElX6i4Mhttp://youtu.be/vNQpYmAlch0

  7. MyEdu.com http://vimeo.com/50843758http://vimeo.com/65347981

  8. ACADEMIC PRODUCTS • Applications to help students improve success in college Personal Ed Plan Q&A Stream Course Data Schedule Planning

  9. PROFILE & SKILLS PLATFORM Public profile for students to consume data and tell their story Student Profile Skills & Credentials Jobs match for students

  10. INSTITUTION & EMPLOYER PRODUCTS Institution & employer solutions to improve student job outcomes Self-serve job posting Talent Search Talent Scout

  11. SYSTEM MARKETPLACES 216,000 students / 325,000 alumni 90,000 students / 175,000 alumni 35,000 nursing students

  12. Publication of scholarship work Citations to published journal articles Research funding by federal agencies Honorific awards bestowed upon faculty members COMPARATIVE DATABASE

  13. Louisiana Employer Needs Academic/Career Path Insight & Tools Demand Demand University Students, Graduates & Academic Programs H.S. Students Engage Earlier in College/Career Path Supply Supply Supply Faculty/Research Expertise & Tech Transfer Real-Time Employer Field Insight Data Demand Demand Supply Global Recruitment & Research Opportunities Workforce Pipeline and Forecasting Data

  14. www.ulsystem.edu

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