1. Eric Clark, Ph.D. Executive Director Mississippi Community College Board December 11, 2013

2.  Workforce, Career, and Technical Education is absolutely essential in addressing the critical need for skilled workers in the 21st century economy.  A trained workforce is the key to attracting new industries to Mississippi, as well as to retaining and growing our existing industries. 2

3. 2010-2013:.15 % of 1 % of the taxable wages (the first $14,000) are deducted for Workforce Education from the Unemployment Insurance Trust Fund (UI). 2013-2014: ($8,000,000 Governor’s one-time transfer).22% of 1% of the taxable wages on the first $14,000  Funds are collected by the Mississippi Department of Employment Security.  Legislatively required to carry over $2 million each year. 3

4. 4

5. 5 FY2004 -$10,661,747.00 FY 2005-$13,612,922.32 FY 2006-$17,729,548.76 FY 2008-$23, 281,569.82 FY 2009-$20, 359,357.28 FY 2010-$17,371,388.27 FY 2011-$14,836,829.42 FY 2012-$14,937,835.53 FY 2013-$14,376,530.09

6.  862 Total Training Projects Completed  26,403 Total Classes  489,658 Total Hours of Workforce Instruction  261,712 Training Units (Duplicated Trainees)  561 Companies/Businesses Served  Average Cost Per Project: $16,678  Average Cost Per (duplicated) Trainee: $54.94 6

7. 7

8. CoursesTotal Money Spent Welding and Soldering$1,919,672.45 Industrial Production$1,730,252.36 Medical/Healthcare$1,546,155.32 Basic Skills$1,255,219.29 Quality Control Management$992,395.72 8

9. CoursesTotal Number of Trainees Medical/Healthcare61,826 Safety40,082 Quality Control Management15,857 Industrial Production15,603 Supervisory/Leadership11,456 9

10. » Average ROI is 4.5: That is, for every dollar of WET Fund investment there is a return of $3.50  60 % of those receiving training are expected to stay employed in Mississippi  $1,300 net average wage increase  60 % of income available for income and sales tax  60 % expected to stay employed, they are expected to work an average of 20 addition years  ROI is based on sales and income tax, for an approximate rate of 9%  Annual estimated income and sales tax on net wage increase: $3,556,689  20 year estimated income and sales tax on net wage increase: $71,133,784 Analyses provided by nSPARC 10

11. 11 CATEGORYAMOUNT Expand Multi-College Consortia$1,500,000 Equipment$4,600,000 Yokohama Tire Corporation$1,900,000 TOTAL$8,000,000

12. 12  The fundamental priorities for the award of the grant funds are to expand use of multi-college consortia so that all community and junior colleges participate in a consortium. Consortia proposals are evaluated to determine funding.  Mississippi Corridor Consortium  Expand the Mississippi Corridor Consortium to include Coahoma, East Mississippi, Itawamba, Northeast Mississippi, and Northwest Mississippi Community Colleges;  Crossroads Consortium  Develop a consortium including East Central, Hinds, Holmes, Meridian, and Mississippi Delta Community Colleges;  South Mississippi Alliance for Workforce Solutions  Develop a southern consortium including Jones County Junior College, Copiah-Lincoln, Mississippi Gulf Coast, Pearl River, and Southwest Mississippi Community Colleges.

13. 13  Colleges have not received equipment funding since 2008.  Equipment request will be closely evaluated and approvals to purchases must align with programs and training delivered at each college.  The one-time $8,000,000 “Governor’s Transfer” into the WET Fund has allowed us some unique opportunities to strengthen programs and training delivery.  The MCCB strongly encourages colleges to partner with business and industry on the use and purchase of equipment, and with the local secondary or post- secondary vocational centers for the use of equipment and classrooms.  Each college has up to a total of $289,298.00 to purchase equipment.

14. 14  At the request of MDA, MCCB committed $1,950,000 of the one-time transfer funding to the Yokohama Tire Corporation over a 5 year period.  These funds will be used for the screenings and assessments, pre-employment training, and post- employment training needed to meet the need for qualified workers for Yokohama.  MCCB continues to support projects serving new businesses locating within the state as identified by the Mississippi Development Authority.

15. 15

16. Eric Clark, Ph.D. E XECUTIVE D IRECTOR MISSISSIPPI COMMUNITY COLLEGE BOARD 3825 Ridgewood Road Jackson, Mississippi 39205 Phone: (601) 432-6684 eclark@mccb.edu 16