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Economic & Workforce Development

Economic & Workforce Development. What’s changed?. Rockefeller Institute (2010): States must consider a new economic development model,

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Economic & Workforce Development

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  1. Economic & Workforce Development

  2. What’s changed? Rockefeller Institute (2010): States must consider a new economic development model, Given our growing understanding that innovation is the key to future economic competitiveness and progress . . . there is now an opportunity to flip the old model around — adopting a new, ‘knowledge first’ paradigm in which higher education systems explicitly take a leading role. A model in which knowledge is the lead incentive that states offer businesses they want to attract or grow.

  3. Higher Ed & Economic Development • INNOVATION: Thinking creatively about leveraging college strengths in knowledge creation to yield tangible economic benefits • PROSPERITY AND GROWTH: Capitalizing on knowledge transfer — through worker training, management counseling, help for startups, and other initiatives • COMMUNITY REVITALIZATION: Partnering/collaborating with community agencies to further development • WORKFORCE EDUCATION: Engaging in ongoing program development, review and renewal to support the changing workforce needs

  4. Power of SUNY • SUNY and THE ENTREPRENEURIAL CENTURY We will cultivate entrepreneurial thinking across our entire learning landscape, helping new and existing businesses innovate, prosper, and grow. In the 21st century, knowledge creation is no longer enough. Economic growth depends on translating that knowledge into tangible, measurable benefits—from more patents issued to more grants won to more jobs. This shift demands an entrepreneurial mindset—a way of thinking determined to create and shape new markets.

  5. Power of SUNY • SUNY AND THE SEAMLESS EDUCATIONAL PIPELINE An educated population is the foundation of economic growth: the “cradle to career” pipeline. Working adults face equally discouraging odds. Skills and experiences that once served them well are now overshadowed by the enormous economic and technological changes in the workplace and the expanding opportunities for workers with knowledge and skills in science, technology, engineering and mathematics (STEM). We must help our population retool.

  6. Why community colleges? More and more jobs in the future will be “middle skilled” jobs. The Bureau of Labor Statistics projects that about 45 percent of job openings in the years ahead will require more than a high-school education, but less than a four-year degree. Jobs requiring a four-year degree or better are projected to account for about 33 percent of openings.

  7. And in New York . . . • Between 2008 and 2018, new jobs in New York requiring postsecondary education and training will grow by 359,000 while jobs for high school graduates and dropouts will grow by 137,000. • 63% of all jobs in New York (6.1 million jobs) will require some postsecondary training beyond high school (some college through graduate degrees) in 2018. • 27% of all jobs will require an associate’s degree or some college.

  8. Our context Augustine Gallego, San Diego CC District “In regions with strong research universities that drive economic expansion, community colleges must work with the universities and new and expanding industries to prepare the technicians that aid in research and development as well as the manufacturing of products. . . . They must offer strong university transfer programs for future scientists, engineers and business and technical leaders to gain foundations in higher learning that will help them, their companies and their communities to be successful in any economy.”

  9. Positioning MCC • Board Member • Greater Rochester Enterprise • Rochester Business Alliance • League for Innovation • Economic Modeling Specialists Portal • Economic Impact Study & IR • Industry/CEO Visits • SUNY Chancellor and Vice Chancellor • New VP Position

  10. New VP Position “We are moving quickly into our networking for the Workforce Vice Presidency position and I wanted to share with you this feedback (below).  It is similar to many other responses we are receiving.”  Kate Nolde, Senior Consultant, RPA, Inc. Community colleges are increasingly becoming more entrepreneurial and this appears to be a very appropriate position in this climate. It is nice to know that upper administration values the ability to be visionary and to take risk.

  11. Expectations • Stronger collaborations across programs—credit/non-credit • Greater success in external funding • Increased enrollments and success among adult learners • More and more productive external partnerships and collaborations • Greater emphasis on entrepreneurial studies • Increased industry responsiveness, including new articulations • Empowered innovation

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