Embed Size (px)
Citation preview
Mississippi State Workforce Investment
BoardEric Clark, Ph.D.
Executive Director Mississippi Community College Board
December 11, 2013
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.
IMPORTANCE OF WF-CTE
2
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.
WET FUNDS
3
WET FUND TRANSFERS
4
$-
$5,000,000.00
$10,000,000.00
$15,000,000.00
$20,000,000.00
$25,000,000.00
$20,073,272.00
$20,761,735.00
$21,719,489.00
$20,761,155.00
$18,633,408.00
$18,349,030.00
$13,672,110.00
$15,236,889.00
2006
2007
2008
2009
2010
2011
2012
2013
TOTAL PROJECT DOLLARS SPENT
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
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
FY 2013 ACCOMPLISHMENTS
6
FY13 TRAINEES BY LOCATION
7
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Plant School Other
166,633 ( 64%)
81,346 (31%)
13,709 (5%)
•Mobile Units•Rent Facilities
TOP 5 FY13 TRAINING CATEGORIES (BY TRAINING)
Courses Total 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
TOP 5 FY13 TRAINING CATEGORIES (BY TRAINEES)
Courses Total Number of Trainees
Medical/Healthcare 61,826
Safety 40,082
Quality Control Management 15,857
Industrial Production 15,603
Supervisory/Leadership 11,456
9
» 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
RETURN ON INVESTMENT
10
11
$8 MILLION ONE-TIME GOVERNOR TRANSFERTHREE PRIORITIES
CATEGORY AMOUNT
Expand Multi-College Consortia $1,500,000
Equipment $4,600,000
Yokohama Tire Corporation $1,900,000
TOTAL $8,000,000
1. COLLABORATIVE CONSORTIA GRANTS
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.
2. EQUIPMENT
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.
3. YOKOHAMA TIRE CORPORATION
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
QUESTIONS?
Eric Clark, Ph.D.EXECUTIVE DIRECTOR
MISSISSIPPI COMMUNITY COLLEGE BOARD
3825 Ridgewood RoadJackson, Mississippi 39205
Phone: (601) [email protected]
CONTACT
16
