13

Sara Perlman Barrow - Greater MSP

Embed Size (px)

DESCRIPTION

Greater MSP presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights

Citation preview

Page 1: Sara Perlman Barrow - Greater MSP
Page 2: Sara Perlman Barrow - Greater MSP

MINNEAPOLIS SAINT PAUL REGION JOB GROWTH HAS FALLEN AND REMAINS BEHIND THE NATIONAL AVERAGE AND THAT OF OUR PEER REGIONS

-0.5

0

0.5

1.0

1.5

2.0

1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Peer RegionsGREATER MSP Region

3-year moving average difference between MSP or Peer group and the U.S. using the given year and the previous two years for all historical data and projections. Using total non-farm payroll data. Peer MSAs are defined as Seattle, Sacramento, Columbus, Austin, Raleigh-Durham, Denver, and Chicago

Page 3: Sara Perlman Barrow - Greater MSP

WHO IS GREATER MSP?

GREATER MSP is a private-public partnership

dedicated to providing leadership, coordination

and engagement to grow the economy

of the 13-county Minneapolis Saint Paul region

Page 4: Sara Perlman Barrow - Greater MSP

GREATER MSP MISSION

Engaged private and public sector leaders advancing a coordinated:

• Regional economic development strategy,• Regional brand to promote the region’s assets

and capabilities,• Regional business retention, expansion and

recruitment program,

all to stimulate capital investment and job creation in the greater Minneapolis St. Paul metropolitan region.

4

Page 5: Sara Perlman Barrow - Greater MSP

What key industry/business sectors are most important now and in the future?

Innovation and Technology Headquarters

and Business Services

▪ Food processers▪ Food production

▪ Corporate headquarters▪ Creative services ▪ Professional services ▪ Data centers

▪ R&D centers▪ Software/ IT▪ Advanced

manufacturing ▪ Energy/

renewables

▪ Financial advisory

▪ Banking▪ Insurance

▪ Bio tech▪ Healthcare Providers▪ Healthcare Payers and IT▪ Medical devices

▪ Agrichemicals▪ Seed production

Financial Services and Insurance

Health and Life Sciences

Food and Agribusiness

Page 6: Sara Perlman Barrow - Greater MSP

But Who is Going to Fill These Jobs?

Workforce Shortages

● Almost half of respondents had positions unfilled

due to a lack of qualified applicants and indicated

moderate or serious shortages of workers.

●The severity of current and future workforce

shortages was highest in skilled production (58

percent had some degree of shortage) and scientist

and engineering (40 percent) occupations, and

lowest in low-skilled production, management and

administration, and customer service. (Source, The 2011 Minnesota Skills Gap Survey)

Page 7: Sara Perlman Barrow - Greater MSP

Education is More Important Than Ever

“Currently, only 40 percent of working-age adults in Minnesota

have a postsecondary degree, such as an associate or bachelor's

degree. A recent study by Georgetown University researchers

predicted that 70 percent of the jobs in Minnesota will require

education beyond high school by 2018. And projections show that

the economic recovery will depend largely on new jobs that

require higher levels of skills than many workers currently have.”

MNSCU Press Release, October 31, 2011

Page 8: Sara Perlman Barrow - Greater MSP

Population and Employment Trends for MN and GREATER MSP

o Births and fertility rates in Minnesota fell between 2007 and 2009.

o The pattern of decline and results in other states suggest the decline in births may be related to the recent recession. (MN Demographic Center)

o Statewide, and in the 11 GREATER MSP Counties, More than 37% of the population is aged 45 or above. (2010 Census)

o Minnesota’s economy is projected to add 247,000 jobs between 2009 and 2019, recapturing the 130,000 jobs lost from the Great Recession and then adding another 117,000 by 2019. (MN DEED)

Page 9: Sara Perlman Barrow - Greater MSP

Houston, We Have a Problem..

o “Minnesota's students once again outperformed much of the nation on reading tests in 2009, but

the achievement gap between black and white students hasn't budged in almost 20 years”

Star Tribune March 24, 2010

o “This is getting to be a genuine embarrassment, no longer an interesting idiosyncrasy, in a state

that has always prided itself on fairness. Moreover, it's a recipe for economic disaster. Our

non-white population will swell from somewhere around 5 percent in 1980 to 25 percent by 2035,

according to the Minnesota State Demographic Center, and the school-age population typically is

even higher. If that isn't enough, consider the dollars-and-sense perspective: Our economy will

not thrive as it has unless minority education attainment, specifically the successful

completion of some higher-education credential, matches the historically high level achieved

by our German and Scandinavian and European immigrants over the last century.” Dane Smith,

Executive Director of Growth and Justice - MinnPost April 2010

Page 10: Sara Perlman Barrow - Greater MSP

Let’s Stop Admiring the Problem..

Page 11: Sara Perlman Barrow - Greater MSP

Improving Access to Higher Education…

o POWER OF YOU – Power of YOU is a program of Minneapolis Community and Technical College that makes the first two years of college available tuition-free. Applicants must graduate from a public, charter or alternative high school in Minneapolis or Saint Paul. The program is collaboration between Minneapolis Community and Technical College (MCTC) and Saint Paul College that provides access to a broad spectrum of academic programs and career pathways.

o Graduate Minnesota - Complete your degree. Anytime. Anywhere. Graduate Minnesota is a statewide outreach effort by the Minnesota State Colleges and Universities and the University of Minnesota to encourage students who have earned some college credits to complete their associate or bachelor's degrees. It is never too late to return to school.

Page 12: Sara Perlman Barrow - Greater MSP

My Two Cents…

o Keep Higher education tuition affordableo Continue efforts to connect business

development with workforce development centers and higher education training

o Stop pitting business and government against each other – work together for solutions

o “Growth Fixes Everything” Star Tribune Headline. Jobs, Jobs, Jobs

Page 13: Sara Perlman Barrow - Greater MSP