What is Economic Development?

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Presentation transcript:

What is Economic Development? The process of improving the economy, society, and well being of people. It happens when there is an increase in business output and an improved standard of living. With careful economic development, businesses can thrive, higher levels of employment can be achieved, and industries, in some cases new industries, can grow. Attraction Expansion Retention How does EDC do economic development? Business Output Standard of Living Vacancy Rates Unemployment Marketing Partnerships

DATA USAGE We utilize data to target industry sectors (Industry Analysis) We used wage indicators, employment growth indicators, and contract (neo hire performance) indicators to rank our local industry sectors based on their historical performance within the NEO program.

Industry Rankings Most recent Year-Over-Year change Overall Rankings Construction; 6.04% establishment growth 4.97% weekly wage growth 6.69% employment growth Healthcare and Social Assistance; 5.95% establishment growth 2.73% weekly wage growth 3.32% employment growth Overall Rankings Construction Wholesale Trade Manufacturing Healthcare and Social Assistance Retail Trade Finance and Insurance Professional, Scientific, and Technical Services Transportation and Warehousing Other Services Accommodation and Food Services Administrative and Support and Waste Management and Remediation Services Information

Award winning

Initial 6 Month Placement Ready2hire.org New Employment Opportunity- Expanded Subsidized Employment (NEO-ESE) Initial 6 Month Placement Wage Reimbursement Weeks 1-13 100% Weeks 14-26 75% The NEO Program responds to the needs of enrolled job seekers and provides an incentive to job creators.

NEO Businesses Registered 301 Unsubsidized Businesses 89 New Employment Opportunities Businesses Registered 301 Unsubsidized Businesses 89 Subsidized Jobs Offered 1,662 Subsidized Job Placements 1,504 Training Placements 264

John Lawson, President of Lawson Rock & Oil, a graduate of the truck driving program, Amanda Venegas (ABC 30) and Glen Wills, instructor with the truck drivers training program participate in an ABC 30 news segment on the success of the program. There have been 31 cohorts of the program with over 212 graduates to date.

CalWORKs jobseekers participate in the Valley Apprenticeship Connection’s Pre-Apprenticeship program. To date, there have been 9 cohorts with 96 graduates.

Thank You! fresnocountyedc Fresno County EDC @FresnoEDC fresnoedc Lee Ann Eager, President & CEO Contact us at: leager@fresnoedc.com 559-476-2513