We recently launched a new series, “Next Stop: The Future.” For several weeks, we’ll explore trends shaping the future of economic development.
Today, we explore how to prepare a future-ready workforce.
Why Does Workforce Matter?
“There is no doubt that the single most important factor for economic success in the future will be a talented, dynamic workforce,” according to the International Economic Development Council. “Companies increasingly look to talent and education levels during their site selection process.”
Therefore, Valley-area economic developers must have a plan for how they’ll develop and market high-caliber workforces.
Do This Now
How can you help build a local workforce that will attract prospects, encourage expansions, and retain existing business? Several experts recommend some practical tips.
Be a Bridge: Be the bridge between local companies and community workforce development organizations. Poll companies to identify their needs. Then, advocate for aligned training programs. It is also important to share your findings and work closely with your State economic development agency. (more…)