Steering Committee - Mississippi Economic Council › ... › 08 ›...
Transcript of Steering Committee - Mississippi Economic Council › ... › 08 ›...
Blueprint Mississippi
Vision, Goals and Recommendations
August 9, 2004
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Steering Committee CHAIRRobert KhayatChancellorThe UniversityOf Mississippi
Aubrey PattersonChairman and CEOBancorpSouth
Carolyn ShanksPresident and CEOEntergy Mississippi
Richard HicksonChairman and CEOTrustmark Corporation
Anthony TopaziPresident and CEOMississippiPower Company
John McCullouchPresidentBellSouth - Mississippi
Blake WilsonPresidentMississippiEconomic Council
Pat NicholsPlant ManagerDuPont - DeLisle
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SponsorsBancorpSouthBellSouthDuPontEntergy MississippiMississippi Economic CouncilMississippi Partnership for Economic DevelopmentMississippi Power CompanyPublic Education Forum of MississippiThe Robert M. Hearin FoundationTrustmark Corporation
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Agenda
The Case for Change
Vision and Goals
Key Recommendations
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A Tale of Two States
Fastest per capita income
growth in South
Fifth highest gain in national
writing test scores
Low labor and real estate costs
Second highest poverty rate in
the South
Labor productivity about 2/3 of
national average
Worst perceived liability climate
in the nation
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Strong FoundationsSmall business lending per worker is 2nd
highest in the nation
3 out of 4 schools meet new Federal yearly progress standards
College attainment in Jackson ranks 5th
among major urban areas in the South
Home ownership rates rank 7th in the nation
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Global Economy Is Changing
Global Markets
Innovation and Technology
Service Industries
Knowledge Workers
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Neighborhood Is StrongEmployment Growth, 1993-2003
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Vision
A prosperous, vibrant and A prosperous, vibrant and resilient Mississippi, built resilient Mississippi, built
upon a foundation of upon a foundation of economic opportunity for all economic opportunity for all
of its citizens of its citizens
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Economic GoalsRank Among 12 Southern States
1993 to 2003 2005 to 2010 2010 to 2015
Per Capita Income GrowthPer Capita Income Growth
1 1 1
Employment GrowthEmployment Growth
1993 to 2003 2005 to 2010 2010 to 2015
11 8or higher
6or higher
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Blueprint Mississippi Themes
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Blueprint Mississippi Themes
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Innovation and Diversification TomorrowToday
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Goals and RecommendationsDiversify and improve Mississippi’s economic base• Identify and pursue high value, high
growth industry targets
• Increase R&D funding; strengthen technology transfer and access to capital
Increase support for existing firms• Improve productivity of existing businesses
through technology and process improvement
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Key TargetsRank Among 12 Southern States
2001 2010 2015
HighHigh--Tech Share of EmploymentTech Share of Employment
12 9 6
Manufacturing Productivity RateManufacturing Productivity Rate2000 2010 2015
12 9 6
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Blueprint Mississippi Themes
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Goals and RecommendationsStrengthen business image• Identify and track internal and external
perceptions of Mississippi• Develop, implement and monitor
coordinated internal and external marketing plan
Enhance competitiveness of legal environment • Promote recent enhancements to
Mississippi’s liability system; ensure legislative reforms are properly implemented and maintained
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Key Targets
2004 2010 2015
Image for Locating or Expanding BusinessImage for Locating or Expanding BusinessRank among 12 Southern StatesRank among 12 Southern States
Unknown 6 6
Perception of Liability SystemPerception of Liability SystemRank among 50 StatesRank among 50 States
2004 2010 2015
50 40 30
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Blueprint Mississippi Themes
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Education Attainment Remains Low
Percent of Persons 25 Years of Age and Older
with a High School Diploma
56.3%56.3% 81.0%81.0%0%
10%
20%
30%
40%
50%
60%
70%
80%
19902003
U.S. U.S. Rank: Rank: 46th46th
90%
U.S. U.S. Rank: Rank: 41st41st
Percent of Persons 25 Years of Age and Older
with a Bachelor's Degree
19902003
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%U.S. U.S.
Rank: Rank: 48th48th
19%
12.9%12.9% 19.0%19.0%
U.S. U.S. Rank: Rank: 46th46th
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Goals and RecommendationsBetter prepare children for school• Expand and improve
Pre-K programs
Maximize number of people graduating high school• Underscore linkage between
education and employment, targeting middle school students
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Goals and RecommendationsTrain, mentor and retain more and better teachers• Establish system to retain best teachers
and increase teacher supply in high-demand subject areas
Increase participation in adult worker training programs• Reorganize and consolidate lifelong
learning programs around workforce needs
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Key Targets
2000 2010 2015
Percent of 3 and 4 Year Olds Percent of 3 and 4 Year Olds in Prein Pre--K ProgramsK Programs
52% 55% 60%
2000 2010 2015
PrePre--Freshmen Year DropFreshmen Year Drop--out Rateout Rate
9.6% 7.8% 6.1%
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Blueprint Mississippi Themes
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Keys to SuccessPrivate, public, nonprofit partners
Clear and focused statewide plan
Measurable performance objectives
Continuous monitoring and improvement process
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Goals and RecommendationsEstablish and sustain an economic development vision and strategic plan for Mississippi • Activate and strengthen the Statewide
Economic Development Planning Act of 1987
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Next StepsContinue steering committee activities
Involve key stakeholders in recommendation implementation
Identify specific policy and legislative initiatives required for Blueprint implementation
Monitor progress toward recommendations and targets
Update actions as needed
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