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Montgomery County WIB Meeting September 21, 2011 Targeted Industries

Montgomery County WIB Meeting September 21, 2011 Targeted Industries Presented by the Strategic Plan Implementation Committee Facilitated by Lori Strumpf. PROCESS OVERVIEW: The Strategic Plan Steering Committee.

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Montgomery County WIB Meeting September 21, 2011 Targeted Industries

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  1. Montgomery County WIB Meeting September 21, 2011 Targeted Industries Presented by the Strategic Plan Implementation Committee Facilitated by Lori Strumpf

  2. PROCESS OVERVIEW: The Strategic Plan Steering Committee • Met several times to identify the targeted industries as specified in strategy 1.1 of the Strategic Plan [Identify a definitive number of industries to target that define the WIB’s industry sector approach] • Set criteria for data collection • high growth, • high demand, • high wage • Examined data and made the decision to select industries that were either high growth and high demand or high wage. • Examined initial industry sectors for alignment with Economic Development targets • Examined policy implications – for vendor selection process; for diversity of occupations

  3. Our Process

  4. DATA EXAMINED: • Sources Used: • MD DLLR • Bureau of Economic Analysis • US Census Bureau • US DOL – Employment and Training Administration (ETA) • IRS • Economic Modeling Specialists, Inc. (EMSI) • Greater Washington Initiative • Type of Data Used: • Size of industry sectors • 5-year industry growth projections • 5-year occupational projections • Average wage 4

  5. Examining Labor Market Intelligence: Used multiple data sources to evaluate future projections Initial Screen Final Targets • Five initial industry sectors considered based on the criteria for HG, HD, HW • Health and Education • Professional and Business Services • Hospitality • Financial Occupations and Trade • Transportation and Utilities. • Three industry sectors being brought forward to the WIB as the Committee’s recommendation: • Health and Education, • Professional and Business Services, and • Food Services (Hospitality). WIB Work Session Targeted Industry Sectors 5

  6. Final Industry Sectors for Discussion and Feedback 6

  7. Policy Implications: Defining the Target Market through an Industry Sector Approach All Businesses Targeted Industry Sectors

  8. Policy Implications: Linked to Strategy and Program Operations For Business For Jobseekers • Business Solutions Team • Industry Insight • Alliances (new or existing) • Focus Groups • Occupational Insight • Training/Screening • Career Pathways • Resources • OJT/Incumbent Worker Training - WIA • Leveraged & New • Career Opportunity Intel • Where the jobs are • How to get there • Training - Link ITAs to targets • Track completion/placement in industry – ROI • Placement • Feedback with industry partners

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