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Published byFrank Stewart Modified over 8 years ago
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Using Data and Information to Align Economic and Workforce Development
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What is Economic Development? – Growing regional wealth and well-being The flow of money: More flowing in than flowing out – Primary companies, primary jobs – Export base theory – Supply chain and import substitution – Average wage (currently $20.86) – Differences within the region Commuting patterns Comparative advantage – Target sectors and diversification page 2
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Nevada’s Economic Development Sectors page 3
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Strategic Location Drivers – Availability of a Qualified Workforce – Competitive Cost Environment Labor, Utilities, Real Estate, Transportation, Taxes – Favorable Logistics/Accessibility Air, Highway, Rail, Port – Favorable Business Environment Taxes, Incentives, Permitting – Quality of place Ability to recruit/relocate key workforce page 4
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North American Industrial Classification System (NAICS) Standard Occupational Classification (SOC)/Occupational Information Network (O*NET) Integrated Postsecondary Education Data System (IPEDS)/Classification of Instructional Programs (CIP) Companies Workforce Education page 5 The Economic and Workforce Information and Data Pipeline
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Identifying high demand occupations Target Sector approach Abatement and Incentive Contracts Sector Council Survey Burning Glass Technologies DETR Occupational Employment Projections Excel Demonstration page 6 Tying Economic and Workforce Development Together
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page 7 Combined High Demand Occupation Analysis: 3-Digit SOC Top 20 of 94
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page 8 Consensus Top 20 High Demand Occupations: 3-Digit SOC Top 20 of 94
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page 9 Consensus Top 20 High Demand Occupations: 3-Digit SOC Top 20 of 94
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page 10
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page 11 SOC 15-100: Drilling Down into the Detail
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page 12 Linking Programs to Occupations
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page 13 Consensus and Individual Rankings of CTE Program Groups Top 20 of 75
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Governors Office of Economic Development Bob Potts Research Director 775-687-9907 bpotts@diversifynevada.com page 14
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