Category archive: 365 Blog

Day 142: Skills vs. Wages.  It has always been assumed that the higher the skills the higher the wages.  We did a little research and decided that common sense does prevail.  Indeed the higher the skills, the higher the wages.  Read here to find out more.Relationship Between Skills and Wages

“Gather ’round people Wherever you roam And admit that the waters  Around you have grown And accept it that soon You’ll be drenched to the bone If your time to you Is worth savin’  Then you better start swimmin’ Or you’ll sink like a stone For the times they are a-changin’”  Funny how songwriters write…

Day 142: My Brackets Are Shot. There’s an Economic Development Lesson Here: I am a graduate of Iowa State University. Yesterday their loss killed my brackets as I am a homer and had them playing Kentucky in the Championship game. My Iowa State Cyclones lost because they went into their game as a 3 seed…

The Night Before a Prospect Visit ‘Twas the night before a Prospect Visit, when all through the town Not a person was stirring, not even a city councilperson’s gown. The incentives were all written with care, In hopes that a business soon would be there. The city leaders were nestled all snug in their beds,…

Workforce Development for Economic Developers Part 9: Competitive Skilled Workforce Analysis How does your workforce stack up against the regions you regularly compete against for an economic development project? When comparing community and regional workforces, Smart Solutions Group conducts a competitive analysis for a cluster based on a variety of workforce factors. To give you…

Workforce Development for Economic Developers Part 8: Example of a Target Cluster Profile Based on our site selection experiences and inputs from other site consultants, Smart Solutions Group has developed a Skills Ready Profile. The Profile is a marketing document that provides information on the availability of skilled labor and the costs of labor in…

Workforce Development for Economic Developers Part 7: What Workforce Information Do Site Consultants and Businesses Executives Want? According to Area Development’s 27th Annual Survey of Business Executives and the 9th Annual Survey of Site Selection Consultants the Cost of Labor and the Availability of Skilled Labor ranked as two of the top three factors in…

Workforce Development for Economic Developers Part 6: Strategic Roadmap for Workforce Development   Business executives and site consultants not only want to know if you now have the skilled labor they need but they also want to know that the skilled labor will be there in the long-term. The Strategic Roadmap is a comprehensive and…

Workforce Development for Economic Developers Part 5: Strategies for Reducing Skilled Worker Shortages There are three general areas for reducing Skilled Worker Shortages in a region: (1) Increase the skills of workers that reside in the labor market; (2) Reduce the out-migration of skilled workers; and (3) Increase In-Migration of Skilled Workers. There are many…

Workforce Development for Economic Developers Part 4: An Example of Skilled Worker Shortages To show how Smart Solutions Group estimates Skilled Workers Shortages, we will use an actual example for a multi-county region. One of the target industry clusters for this region is Advanced Manufacturing. The following is a description of the process we used…

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