minnesota's workforce investment and competitiveness
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Minnesota’s Workforce Investment and Competitiveness Strategy
L. Burke MurphyWorkforce and Economic Development
Lee W MunnichHumphrey Institute of Public Affairs
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Merging WF and EDMERGING WORKFORCE AND ECONOMIC DEVELOPMENT
WIA
Demand Driven
Regional Competitiveness
Innovation Economy
DEED MISSIONTo support the economic success of individuals, businesses, and
communities by improving opportunities for growth.
Transformative investments/milestones over time
Opportunity Merger
Regional & Industry Specialist positions
WIREDFIRST
MnFastTRACRegional Competitiveness
Project
MOC
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Economic Comp Focus
•MOC Investment:
’06/’07 – 110 Exec Dev (21 studies)
‘08 – 19 Capstone HHH (5 state studies)
‘10 – 20 Capstone RCM (3 Metro, 3 Rural)
‘10 – 11 Graduate Course (3 Metro studies)
ECONOMIC COMPETITIVENESS FOCUS
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Capstone PA 8081(7) Spring 2010
REGIONAL COMPETITIVENESS PROJECT
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The need for one, consistent regional voice and vision for the Minneapolis – St. Paul metropolitan region emerged as the
dominant theme
Achieving this unified vision requires bold action by:•leveraging the region’s competitive strengths•relationship building between mayors and CEOs•convening cluster leadership •capitalizing on federal and state opportunities
THE POWER OF REGIONALISM
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Furniture.29Building
Fixtures, Equipment &
Services.88
Fishing & Fishing
Products.31
Hospitality & Tourism
.78Agricultural Products
.31 Transportation & Logistics
1.27
Competitiveness and Composition of MSP Metro AreaLinkages Across Traded Clusters, Location Quotients, 2006
Plastics1.02
Oil & Gas.33
Chemical Products
1.15
Biopharma-Ceuticals
.45
Power Generation
.40
Aerospace Vehicles & Defense
.09 Lighting & Electrical
Equipment2.05
Financial Services
1.63 Publishing & Printing
1.99
Entertainment1.14
Information Tech.1.50
Communi-cations
Equipment.49
Aerospace Engines
.21
Business Services
1.26
DistributionServices
1.37
Forest Products
1.01
Heavy Construction
Services.65
Construction Materials
.54
Prefabricated Enclosures
.17
Heavy Machinery
.84
Sporting & Recreation
Goods1.14
Automotive.53
Production Technology
1.60
Motor Driven Products
.97
Metal Manufacturing
1.39
Apparel.26
Leather & Related Products
.63
Jewelry & Precious Metals
.46
Textiles.20
Footwear.04
Processed Food1.07
Tobacco.52
MedicalDevices
3.51
Analytical Instruments
2.04Education & Knowledge
Creation.90
Note: Clusters with overlapping borders have at least 20% overlap(by number of industries) in both directions.
Location Quotient = MSP Industry Job Share / US Industry Job Share
StrongStrongerStrongest
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Chosen for:• Employment concentration 3.5x national average• High rate of innovation and entrepreneurship
Key take-away points:• Bold action is needed• Early innovators built locally strong industry• Industry competition fierce• Economic development strategy cannot be ‘business as usual’•Regional customer (physician) demand opportunity by incorporating Mayo
MEDICAL DEVICES
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Central Corridor Cluster Project
Economic/workforce development
Collaborative Team
Locally traded clusters
ICICMinneapolis/St Paul
Philanthropic Community
McKnight, Surdna, Ford, Wells Fargo,
St Paul,Minneapolis,
United Way
Corridors of Opportunity
Connecting workers & job growth
HUD & Living Cities
Acclerate MSP
Metropolitan Business Plan•Stimulating the entrepreneurial ecosystem
ULI MN/Regional Mayors Itasca, DEED, Target, Brookings Institution
Regional Cluster Initiative (RIC)•Industry cluster advancement•Medical device cluster board•Regional cluster mapping project
•Regional Council of Mayors, UMN, DEED, BioBusiness Alliance Regional Economic
Development Partnership•Retention, expansion, attraction •Business Bridge
Itasca Project Corporate-led private/public collaboration
Destination 2025
•Growing MN’s bioscience economy - 20-year plan
Bio Business Alliance of Minnesota & Deloitte Consulting
MSP MSP Job GrowthJob Growth
Public/Private/NonprofitPublic/Private/NonprofitPartnershipsPartnerships
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The Minneapolis Saint Paul Region – The Twin Cities of America’s Midwest
Placeholder
core industry clusters
Top research institutions
Fortune 500 companies
Unique region with major cities
Home to over Million people
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Corridors of Opportunity Initiative 1
3Regional Cluster Initiative 4
Regional Economic Development Partnership (REDP) 2
Entrepreneurship Accelerator5
Five regional strategies will be key to our success moving forward
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Regional economic levers of Metropolitan Business Plan
Human capital
Innovation and entrepreneurship
Spatial efficiency
Public and civic institutions
Information resources
Regional concentrations
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Regional Competitiveness & Cluster Strategy
• Next steps – integrating w/ MSP Business Plan– Regional Cluster Initiative year two
• Executives of Cities meet Executives of Companies to tap into the competitive advantage of Headquarters
• Medical Device Cluster Board• Case Study
– Corridors of Opportunity – two cluster projects
– National / Regional cluster mapping project