Emerging issues of carteret county s economy and workforce creating a competitive advantage
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Emerging Issues of Carteret County’s Economy and Workforce Creating a Competitive Advantage. John P. Metcalf Senior Partner. Who Heard Mount St. Helens?.

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Emerging issues of carteret county s economy and workforce creating a competitive advantage

Emerging Issues of Carteret County’s Economy and WorkforceCreating a Competitive Advantage

John P. Metcalf

Senior Partner


Who heard mount st helens

Who Heard Mount St. Helens?

Corporation for a Skilled Workforce


Emerging issues of carteret county s economy and workforce creating a competitive advantage

Working Locally, Planning Regionally to Compete GloballyIt was…“how is the world going to be made in our image?”Now it is…“how is the world changing us?”China, Inc. Ted Fishman, Scribner 2005

Corporation for a Skilled Workforce


Could it be today that we say t hink globally and act locally

Could it be today that we say…Think globally and act locally!

Corporation for a Skilled Workforce


Some worrisome global indictors

Some Worrisome Global Indictors

  • For one chemist in the US, a company can hire 5 in China or 11 in India

  • The US is now a net importer of high technology products

  • 120 chemical plants built worldwide: 1 in US and 50 in China

    Rising Above the Gathering Storm, National Academies, www.nationalacademies.org/cosepup

Corporation for a Skilled Workforce


Some worrisome global indictors1

Some Worrisome Global Indictors

  • Fewer than 1/3 of US 4th and 8th graders perform at or above proficiencies in math

  • In 2003 only three US companies ranked among the top 10 recipients of patents granted by the US Patent Office

  • In 2004, China graduated about 500,000 engineers; India 200,00; the US 70,000

    Rising Above the Gathering Storm, National Academies, www.nationalacademies.org/cosepup

Corporation for a Skilled Workforce


What are companies chasing

What Are Companies Chasing?

“Jobs and dollars are chasing not just low wages but, more importantly, chasing skilled labor.”

“America is not producing enough well-educated, technically-educated young people to power its own economy just five years from now. China and India are going to need their own, and the whole American powerhouse, comes the warning, risks tumbling down.”

The 2010 Meltdown, Dr. Edward Gordon, Greenwood Publishing

Corporation for a Skilled Workforce


So the world is flat

So, The World Is Flat

  • Distance today is measured in mouse clicks instead of miles

  • We are interconnected in a “flat world”

    Flat = Interconnection

Corporation for a Skilled Workforce


Tom friedman in the world is flat states

Tom Friedman in The World is Flat states:

It affects everything . . . How communities and companies define themselves . . . how individuals balance their different identities as consumers, employers, shareholders, and citizens, and what role government should play. All of this is going to have to be sorted out anew.

Corporation for a Skilled Workforce


Carteret county s positioning

Carteret County’s Positioning

Corporation for a Skilled Workforce


Emerging issues of carteret county s economy and workforce creating a competitive advantage

Dropout Rates


Three studies same conclusions

Three Studies, Same Conclusions

  • 2006 State of the Workforce Report

  • NC Policy Center Report

  • Eastern NC Economic Study

Corporation for a Skilled Workforce


Eastern region s workforce storylines

Eastern Region’s Workforce Storylines

  • We must take advantage of our labor pool if we are to thrive in a new economy

  • Our economy is making a major shift from traditional industries and occupations to a service delivery economy

  • If we are to be competitive in the global economy our region must build it through Career Awareness and Job Readiness

    2006 State of the Workforce Report, Eastern Carolina Workforce Development Board

Corporation for a Skilled Workforce


Eastern region s workforce storylines1

Eastern Region’s Workforce Storylines

  • Our region’s future is in the hands of our youth and how well prepared they are to transition from school to work

  • We are a region that shares more in common than we have in differences

  • Our community must make a decision now on the industries that will support our region’s future

    2006 State of the Workforce Report, Eastern Carolina Workforce Development Board

Corporation for a Skilled Workforce


Coastal sub region value chain clusters

Coastal Sub-region Value Chain Clusters

Military (existing) not shown due to high concentration. It has an LQ of approximately 20, employs 71,527 people, and has an average wage of $48,225. Ship and Boat Building (existing) also not shown due to high concentration. It has an LQ of over 12, employs 2,327 people and has an average wage of $28,516.

Source: US BEA (2003), and NCER.

NCER 2nd Qtr 2004 Average Wage =$28,128 (Source: NCESC)

Green=Existing

Blue=Emerging

Orange=Potential


However

However

“A Trend Is Not a Destiny”


A trend is not a destiny

“A Trend Is Not A Destiny”

  • Your challenge is to bend the curve and create a new destiny

  • If you do nothing, then then you’ll follow the trend

  • If you plan now for action, then you’ll create a “preferred future”

  • Create the 20% difference

Corporation for a Skilled Workforce


The 80 20 factor in economic development

The 80/20 Factor In Economic Development

  • Most local economies are driven by national and global economic forces

    • The 80% factor

  • The remaining economic forces are from local efforts to create competitive advantages

    • The 20% factor

Corporation for a Skilled Workforce


To create a competitive advantage regions must

To Create a Competitive Advantage, RegionsMust

  • Invest in their infrastructure, and,

  • Invest in the skills of their citizens

Corporation for a Skilled Workforce


Education and workforce development support economic development

Education and Workforce Development Support Economic Development

  • A good quality of life is related to a good wage

  • A good wage depends on a good job

  • Good jobs are dependent on a strong, diversified economy

  • A strong economy is dependent on a high quality education

  • Quality education depends on healthy children and families

  • Healthy children and families depend on vibrant communities!North Carolina Progress Board NC20/20 2001

Corporation for a Skilled Workforce


Some recommendations

Some Recommendations

  • Convene a discussion about the region’s future

  • Decide if a cluster based strategy is right for the region

  • Support entrepreneurship efforts across the region

Corporation for a Skilled Workforce


Some recommendations1

Some Recommendations

  • Develop and launch a comprehensive youth campaign

  • Develop and launch a comprehensive career awareness campaign

  • Investigate the affordable housing issue in Eastern Region

Corporation for a Skilled Workforce


How does carteret county create a competitive advantage in a global economy

How Does Carteret County Create A Competitive Advantage in a Global Economy?

Corporation for a Skilled Workforce


Act on these questions

Act On These Questions

  • What must we do to integrate our economic, workforce and economic strategies?

  • How do we influence education reform to meet global standards?

  • What is the vision, “preferred future”, for our county? Our region?

  • What are the consequences for our citizens if we do nothing?

Corporation for a Skilled Workforce


Emerging issues of carteret county s economy and workforce creating a competitive advantage

Corporation for a Skilled Workforce

900 Victors Way

Suite 350

Ann Arbor, MI 48108

734-769-2900

John P. Metcalf

704-814-8999

[email protected]

www.skilledwork.org


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