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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

Presented by the Strategic Plan Implementation Committee

Facilitated by Lori Strumpf


Process overview the strategic plan steering committee
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



Data examined
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


Examining labor market intelligence used multiple data sources to evaluate future projections
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



Policy implications defining the target market through an industry sector approach
Policy Implications: Defining the Target Market through an Industry Sector Approach

All Businesses

Targeted Industry Sectors


Policy implications linked to strategy and program operations
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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