1. Moving Up, Not Out: Workforce Challenges for Young Adults Sam Singh, Senior Consultant Twitter: @singhsam94 www.neweconomyinitiative.org www.neweconomyinitiative.org

2.  The goal of the $100 Million initiative is to accelerate the transition of metro Detroit to an innovation-based economy that expands opportunity for all. New Economy Initiative

3.  Ten Foundations ◦ Community Foundation for Southeast Michigan, Detroit ◦ Max M. & Marjorie S. Fisher Foundation, Southfield ◦ Ford Foundation, New York ◦ Hudson-Webber Foundation, Detroit ◦ W.K. Kellogg Foundation, Battle Creek ◦ John S. and James L. Knight Foundation, Miami ◦ The Kresge Foundation, Troy ◦ McGregor Fund, Detroit ◦ C.S. Mott Foundation, Flint ◦ Skillman Foundation, Detroit NEI Funders

4. NEI Context  The “new economy” is unknown  The new economy is everyone’s economy  Philanthropy cannot move markets  $100 million is a drop in the bucket

5. Approved September 22, 2009 Entrepreneurial Eco-System Workforce Development R&D Analysis of existing resources NEI Implementation Framework

6. Workforce Challenges and Opportunities

7. Barriers for Youth Employment Shift in Older Worker Demographics Great Recession- No more shortages Minimum Wage Increase (Really??) Urban Transit (Or lack of it!) Workforce Funding Cuts

8. Workforce System in the K-12 System Vocational and Alternative Programs Internships Service Learning Career Counseling Prepare Global Citizens

9. Post Secondary Education Lack of coordination among institutions Remediation Cost of higher education Debt load/Long term income attainment Disconnect between degrees and careers

10. Challenges for the Workforce System Fragmented System Workers Investment Act Incumbent Worker Training Disconnect Between Jobs and Job Seekers Hard to Serve Individuals

11. Colleges & Universities Community Colleges Workforce Boards Training Providers Training & Education: Hard to Serve In Transition Low Wage Current Workforce Recent College Graduates Health Care Entry level Mid- level Senior level Talent Pipelines Skilled & Employable Workforce Alternative Energy Defense/Homeland SecurityAdvanced Manufacturing Detroit Specific Transport./Distribution/Logistics Skilled & Employable Workforce

12. Build out the Entrepreneurial Ecosystem Launch Pad Program Accelerate Michigan Business Plan Expand Tech Transfer and Training Programs Access to Capital

13. External Factors Community Place Making Strategies Network Development Incentive Programs Culture Change

14. What Michigan Needs to Do Now? 1.Reinvest in K-12 Education 2.Bring Back Promise Scholarships! 3.Invest in Place Making 4.“It’s Logistics!” 5.Global Michigan