Montgomery County WIB Meeting September 21, 2011 Targeted Industries Presented by the Strategic Plan Implementation Committee Facilitated by Lori Strumpf.

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Presentation transcript:

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 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 2

Our Process 3

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 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). 5WIB Work Session Targeted Industry Sectors

Final Industry Sectors for Discussion and Feedback 6

Policy Implications: Defining the Target Market through an Industry Sector Approach All Businesses Targeted Industry Sectors 7

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 8