Transportation & Distribution - Oklahoma Municipal League · success as an overall statewide...
Transcript of Transportation & Distribution - Oklahoma Municipal League · success as an overall statewide...
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T&D 2025Transportation & Distribution
I&F 2025Info & Financial Services
E 2025Energy
AG 2025Ag Bio
AD 2025Aerospace & Defense
Maintain GrowthExpand OK's Economy
High School Sufficient Associates/Certificate/Credential Bachelors and Above
Projected Workforce Demand
VISION Governor Mary Fallin’s vision is to implement wealth-generating policies so all Oklahomans can achieve the American Dream.
To accomplish this vision, the Governor’s Council for Workforce and Economic Development will coordinate strategic priorities and plans across education, training and economic agencies to increase alignment of the entire education and training pipeline in support of Oklahoma’s five wealth generating ecosystems.
Oklahoma’s Ecosystems
Driver Systems • Aerospace and Defense
• Agriculture and Bio
• Energy
• Information and Financial Services
• Transportation and Distribution
Complementary Systems • Construction
• Health Care
• Education
• Creative Industries
DATA The Governor’s Council for Economic and Workforce Development has created metrics that will be the foundation of the Governor’s Council Dashboard. This dashboard will allow the use of data to inform policy, track progress and measure success as an overall statewide measurement.
State Workforce Partners, departments and agencies impacting career readiness, are developing metrics for targeted wealth generation.
The state will launch OklahomaWorks.gov as a comprehensive platform for education and workforce assets statewide including job openings, degree and credential requirements, and relevant education and training programs.
Wealth Generation
Measure OK US
WEALTH
Per capita personal income (% of US) 93.36
Per capita disposable income (% of US) 95.21
Median household income 24046 28051
Median net worth 53881 70359
Income poverty rate 16.6 14.9
Per capita income maintenance 791 851
% of households with savings account 60.0 69.2
Homeownership rate 66.4 63.9
Gini Index 0.4643 0.4757 Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.
Employment Growth
Measure OK US
EMPLOYMENT
Nonfarm total employment annual growth rate 0.9 1.7
Ecosystem employment 1.9
Low-wage jobs 31.9 21
Average annual wage 42110 49612
Small business ownership rate 1.48 1.36
Microenterprise ownership rate 16.8 16.5
Unemployment rate (quarterly rolling average) 5.2 7.6 Labor underutilization U-6 (quarterly rolling average) 10.2 13.8
Youth unemployment rate (16-19) 19.1 24.1 Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.
Workforce Participation
Measure OK US
WORKFORCE
Labor force annual growth rate 0.8 -1.3
Labor force participation, total 63.8 62.8
HS degree and higher 86.2 85.7
Associates degrees 6.9 7.7
Bachelors degree and higher 23.2 28.5
Persons above 18 and under 65 61.4 62.8
Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.
PARTNERSHIPS The Governor’s Council on Workforce and Economic Development is being empowered to build industry and education partnerships and to generate wealth for Oklahomans. Regional private business leaders regional and State Workforce Partners staff will lead Key Economic Networks (KENs) to provide regional and statewide qualitative data on local economies and foster effective regional partnerships. KENs will identify local and regional challenges to wealth generation and develop locally based solutions through business leaders, economic development organizations and regional agency partners. Each concern will be presented at monthly State Workforce Partners meetings to find solutions.
Governor
Mary Fallin
Governor’s Council on
Workforce and Economic
Development
State Workforce Partners
State Department of Education
Department of Career and Technology Education
State Regents for Higher Education
Board of Private Vocational Schools
Employment Security Commission
Department of Rehabilitative Services
Department of Human Services
Oklahoma Department of Health
HealthCare Authority
Department of Mental Health and Substance Abuse Services
Department of Corrections
Office of Management and Enterprise Services
Key Economic Networks (KENs)
Regional Businesses
Economic Development Orgs.
Local Economic Developers
Chambers of Commerce
Regional Medical Providers
Workforce Investment Boards
Private Vocational Schools
Regional State Workforce Partner Staff
RESOURCE and INCENTIVE GOALS The State Workforce Partners will establish an annual review of funding sources and incentives provided by federal, state and local sources. In addition, the State Workforce Partners will chart the effectiveness of federal and state funding for education, workforce and economic development systems throughout the state. Performance funding for Oklahoma’s Higher Education and CareerTech Systems should be prioritized to improve post-secondary outcomes.
Goal and Targets
Private Sector and System Partner
Activities
Career Readiness
Workforce Participation
Employment Growth
Wealth Generation
# trained
$ per person
# of classes Old Method Used by Oklahoma:
Only measured programs and activities
Oklahoma’s New Goal = Wealth Generation Targets = Steps to achieve goal
Measures = System performance
Data = % ready for career/college
% engaged in workforce # employed in critical occupations % increase in income/disposable income
BEFORE