Empowering Alliances - International Economic Development Council Presentation
1. Breaking Down Barriers to Empower Alliances Stuart Wasilowski Vice President, Corporate and Continuing Education South Piedmont Community College International Economic Development Council 2011 Annual Conference Charlotte, NC September 2011
5. Top factors determining Employer Site Selection Availability of Skilled labor Labor costs Tax exemptions State/Local incentives 2002 90.9% 89.9% 88.2% 88.0% Area Development Magazine Survey of Site Selection consultants 2010 92.6% 96.8% 88.4% 96.8%
6. Training Increases ProductivityTraining Investment vs Capital Investment Source: 21st Century Skills for 21st Century Jobs. Lisa Stuart/Emily Dahm The National Center on the Educational Quality of the Workforce Study
7. Training InvestmentReturn on People “…each of these three portfolios out performed the S & P 500 by 17% to 35% in 2003.” Using 3 live portfolios made up of the stock in companies that “spent aggressively on employee development.” “…organizations that make extraordinary investment in people often enjoy extraordinary performance on a variety of indicators including shareholder return.” Source: Harvard Business Review, March 2004 Bassi/McMurrer
8. Success in NC - What we did Engaged conversation - Understand training needs Aligned programming/training Aggressively pursued funding Developed programs addressing specific demands Continued to aggressively pursue funding Leveraged existing industry cluster – Aerospace build on success Are still continuing to aggressively pursue funding
9. Results Strong relationship with our private sector partners $12.0+ million grant application, $2.5+ million in funding for equipment/staff 7000 square foot facility in the heart of the local industrial park 400+ trained workers in industrial maintenance, CNC, manufacturing Sales staff made more than 700 calls last year
10. Best practice Positive, modest leadership Open, consistent, persistent communication Collaboration - We all win or we all lose Understanding of the relationships between the two perspectives Understanding of needs and demands Higher Education needs to be more entrepreneurial Higher Ed needs to understand their role in Economic Development
