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Knowledge Economy Indicators East Central Michigan Region. SNAPSHOTS OF SAGINAW’S KNOWLEDGE ECONOMY . Alexander Jung, Rex L. LaMore, Faron Supanich-Goldner and Kyle Wilkes Community & Economic Development Program Michigan State University March 19, 2004
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Knowledge Economy Indicators East Central Michigan Region SNAPSHOTS OF SAGINAW’SKNOWLEDGE ECONOMY Alexander Jung, Rex L. LaMore, Faron Supanich-Goldner and Kyle Wilkes Community & Economic Development Program Michigan State University March 19, 2004 With support from the U.S. Department of Commerce, Economic Development Administration
Objectives • Consider new perspectives on economic development planning • Better understand Knowledge Economy conditions for your region • Begin to develop strategies to compete in the Knowledge Economy
State New Economy Index 2002 Source: www.ppionline.org The Progressive Policy Institute New Economy Project
13 40 23 17 36 30 2002 State New Economy Index Rankings 100th – 76th percentile 75th-51st percentile 50th-26th percentile 25th-1st percentile Source: www.ppionline.org Great Lakes States PPI New Economy Index Rankings
Michigan State University Knowledge Economy Research Team • Goal: To help local and regional planners anticipate change in economic development • Task: Apply PPI’s New Economy Index measures to Michigan counties and regions • Result: Fifteen indicators in 5 categories • Knowledge Jobs • Digital Economy • Innovation • Globalization • Dynamism
Leaders Contenders Followers Laggards Michigan Knowledge Economy Index Overall County Rankings Source: MSU Knowledge Economy Research Team
East Central Region 13. Midland 34. Isabella 35. Bay 44. Saginaw 50. Arenac 53. Gladwin 56. Clare 59. Tuscola 60. Roscommon 61. Sanilac 63. Iosco 67. Gratiot 70. Huron 79. Ogemaw Leaders Contenders Followers Laggards Knowledge Economy Overall Index Source: MSU Knowledge Economy Research Team
Information Technology Jobs Leaders Contenders Followers Laggards IT jobs per 1000 jobs More than 5 2.5 – 5.0 1.5 - 2.5 Less than 1.5 Managerial & Professional Jobs Workforce Education Percent of workforce 30 - 50 % 25 - 30 23 - 25 19 - 23 Percent over age 25 with college degree More than 25 % 20 - 25 15 - 20 Less than 15 Knowledge Economy Indicators East Central Michigan Region Knowledge Jobs Source: MSU Knowledge Economy Research Team
Leaders Contenders Followers Laggards Cable Modem Access Digital Government Internet Use Percent of local governments with websites Percent online at least three days/week Geographic Coverage More than 30 % 19 – 30 9.5 – 19 Less than 9.5 More than 64 % 60 - 63 56 - 60 Less than 55 Near complete Moderate Modest Very little Knowledge Economy Indicators East Central Michigan Region Digital Economy Source: MSU Knowledge Economy Research Team
Engineers Leaders Contenders Followers Laggards Bioscience Jobs Patents Number of jobs Percent of workforce Per 10,000 pop. Percent of workforce High Tech Jobs More than 850 65 - 850 0 – 65 None More than 3 1.5 – 3.0 .75 – 1.5 Less than .75 More than 80 8 - 80 0 - 8 None 4.3 – 15.8 3.0 – 4.3 1.4 – 2.9 Less than 1.4 Knowledge Economy Indicators East Central Michigan Region Innovation Source: MSU Knowledge Economy Research Team
Leaders Contenders Followers Laggards Firms With Foreign Parents Firms That Export Number of firms Number of firms More than 25 10 - 24 1 – 9 None 50 - 1000 10 - 50 2 - 10 0 - 1 Globalization Knowledge Economy Indicators East Central Michigan Region Source: MSU Knowledge Economy Research Team
Employment change – manufacturing jobs Percent gain or loss 1997-2000 Leaders Contenders Followers Laggards More than 18 % 10 - 18 5 - 10 0 - 5 Employment change – sole proprietorships Employment change – service jobs Percent gain or loss 1997-2000 Percent gain or loss 1997-2000 More than 18 % 10 - 18 5 - 10 0 - 5 More than 18 % 10 - 18 5 - 10 0 - 5 Source: MSU Knowledge Economy Research Team Knowledge Economy Indicators East Central Michigan Region Dynamism Index
East Central Michigan Planning Region (State and Federal) Saginaw MSA & Thumb Region (Bureau of Labor Statistics) Occupational Data
Knowledge Economy Indicators East Central Michigan Region • Occupational Forecasts for • Saginaw & Thumb Regions • Projected overall employment growth rates (2000-2010): U. S. 15.2 % Michigan 9.4 % • Saginaw/Thumb 6.8 % • All occupations show slower growth in Saginaw region than at national level Source: www.michlmi.org and www.bls.gov
Occupations with highest projected growth rates for Saginaw/Thumb Region and Michigan Projected Rate of Job Growth, 2000 - 2010 Source: www.michlmi.org
Occupations with highest projected number of new jobs in the Saginaw/Thumb Region Projected Number of Jobs Added, 2000 - 2010 Source: www.michlmi.org
Projected Job Growth Rate for Knowledge Economy related occupations in Saginaw/Thumb Region and Michigan Projected Rate of Job Growth, 2000 - 2010 Source: www.michlmi.org
Projected Number of new Jobs in Knowledge Economy Related Occupations, Saginaw/Thumb Region Projected Number of Jobs Added, 2000 - 2010 Source: www.michlmi.org
Size of bubbles = ratio of all employees 2000 = Knowledge Economy groups = All other occupation groups Knowledge Economy Occupations in Region Computer and mathematical Life, physical and social science Education, Training and Library Sales and related Office and administrative support Production Architecture and engineering Management Source: www.michlmi.org
Knowledge Economy Indicators East Central Michigan Region • Knowledge Economy Occupations Wage Trends for Saginaw Region Average wages in Saginaw MSA : • Knowledge Economy = $ 59,996 • All other occupations = $ 31,118 Growth rates for Knowledge Economy occupation groups • Saginaw/Thumb region 5.8% • Michigan 13.1% • U. S. 21.0%
Knowledge Economy Indicators East Central Michigan Region Michigan State University Community & Economic Development Program www.cedp.msu.edu www.smartmichigan.org