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The New Economy and The 2008 Impacts of MI-SBTDC . June 17, 2009. Integrating Workforce Development (WD) with Economic Development (ED). Calls for greater connectivity between WD and ED Personal Responsibility & Work Opportunity Reconciliation Act (PRWORA) Workforce Investment Act (WIA)

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The New Economy and The 2008 Impacts of MI-SBTDC

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The new economy and the 2008 impacts of mi sbtdc

The New Economy and

The 2008 Impacts of MI-SBTDC

June 17, 2009


Integrating workforce development wd with economic development ed

Integrating Workforce Development (WD) with Economic Development (ED)

  • Calls for greater connectivity between WD and ED

    • Personal Responsibility & Work Opportunity Reconciliation Act (PRWORA)

    • Workforce Investment Act (WIA)

    • Workforce Innovation in Regional Economic Development Initiative (WIRED)

  • Is integrating business services the next step?


The new economy and the 2008 impacts of mi sbtdc

Entrepreneurial Pipeline Theory

Stage IV (500 + Emp.)

Stage III (100-499 Emp.)

Stage II (10-99 Emp.)

Stage I (1-9 Emp.)

Number of Enterprises

Source: Scott Loveridge, Michigan State University


Trends in rural manufacturing employment

Trends in Rural Manufacturing Employment

Source: Bureau of Economic Analysis: REIS


Percent of total employment engaged in manufacturing

Percent of Employment in Manufacturing

1 - 6

7 - 10

11 - 15

16 - 20

21 - 31

State: 12

Percent of Total Employment Engaged in Manufacturing


2008 economic impact of region 1 mi sbtdc

2008 Economic Impact of Region 1: MI-SBTDC

  • Approach

    • Isolate the 15 Counties that make up the Upper Peninsula

    • Use SBTDC survey of client-businesses by NAICS for employment impacts

    • Use Economic Multipliers by NAICS at the regional and state levels to form economy-wide impacts


Region 1 industries impacted

Region 1: Industries Impacted


The new economy and the 2008 impacts of mi sbtdc

MI-SBTDC 2008:

Jobs Creation


The new economy and the 2008 impacts of mi sbtdc

MI-SBTDC 2008:

Sales Generation


The new economy and the 2008 impacts of mi sbtdc

MI-SBTDC 2008:

Tax Generation


The new economy and the 2008 impacts of mi sbtdc

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