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This report provides a prioritized list of occupations for economic development in Pine Bluff, based on criteria such as current employment patterns, projected growth, living wage, skills/knowledge/abilities, and education requirements. The report also highlights the decline in high-paying manufacturing jobs and the need to focus on educating the current workforce and partnering with local educational institutions. The objective is to create job opportunities with suitable wages and advancement possibilities for overall economic contribution to Pine Bluff.
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GoFoward Pine Bluff Economic Development Pillar Data Committee Report February 17, 2016
Committee Members • Pat Anderson • John Lawson • Nick Makris • Geoff Shorts • Ryan Watley • Michael Gerfen
Objective Develop a prioritized list of occupations based on the following criteria: • Current Employment Pattern • Projected Growth • Living Wage • Skills/Knowledge/Abilities = Education
Approach • Data Analysis Jefferson County Industry Staffing Patterns Jefferson County Demographic Jefferson County Industry Jefferson County Occupations Jefferson County Unemployment Jefferson Unemployment by Occupation SEARK Programs UAPB Programs
Why? • Nearly 50% Reduction In Manufacturing Jobs • Employability and Employee Retention Factor • An Undeveloped Workforce/ Low SKA
21% of Top 24 Occupations = Average/ Slightly Above Average
What’s Next • Redefine Average • Employ College Graduates • Partner with local educational institutions to educate current employees, graduate school model • Design more rigorous training during initial 6 months on the job that includes employability training
Summary • 50% decline in high paying manufacturing industry jobs • Primary occupations are low income 30K below = Low SKA = Low advancement possibility = Low Education Requirements • UAPB/SEARK offer degrees for a skilled workforce, yet noticeable job openings remain and no degree completions in these positions
Summary Continued • Opportunity for local companies to educate their current workforce and employ college graduates • Prioritized list – The top 25 jobs should require (1) Average SKA, supported by (2) education to allow (3) suitable wages and (4) job advancement for overall appreciable economic contribution to Pine Bluff