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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 . 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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slide1

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?
slide3

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

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
slide8

MI-SBTDC 2008:

Jobs Creation

slide9

MI-SBTDC 2008:

Sales Generation

slide10

MI-SBTDC 2008:

Tax Generation

slide11
PowerPoint presentation can be downloaded at,

www.cea.msu.edu

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