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Generation West Virginia Annual Winter Work Meeting

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Title: Generation West Virginia Annual Winter Work Meeting


1
Generation West VirginiaAnnual Winter Work
Meeting
March 20, 2010
2
Todays Program
  • Introduction
  • Current Realities
  • National, regional, statewide economic landscape
  • Key findings from previous Market Street research
  • Vision Shared
  • Generation West Virginia
  • 2008 work plan
  • Implementation Progress
  • Vision Shared
  • Generation West Virginia
  • Best Practices in Young Professional Programming

3
  • Market Street Services

4
Background on Market Street
  • Founded in 1997 as an alternative to traditional
    economic development firms.
  • Located in Atlanta, Market Street maintains a
    staff of professionals that excel in economic
    analysis and helping communities create long-term
    strategies for change.
  • Our commitment is to a definition of economic
    development that, at its core, is about personal
    wealth creation for all citizens and building
    better communities.

5
Market Street Current Clients
  • Currently, Market Street is working in the
    following communities
  • Birmingham, Alabama
  • Hopkinsville, Kentucky
  • Northwest Arkansas
  • St. Louis, Missouri
  • Sioux Falls, South Dakota
  • Southwest Louisiana (Lake Charles)
  • Waco, Texas

6
Our Work with the State of West Virginia
  • In 2000 and 2001, Market Street Services
    partnered with state stakeholders to create West
    Virginia A Vision Shared.
  • The four goal areas of A Vision Shared focused
    on
  • Intellectual Infrastructure in the 21st Century
  • New Economy New Challenges and New Solutions
  • Results-Based Government Planning for the Future
  • Building Bridges and Empowering Citizens
  • From this plan, the Vision Shared, Inc was
    formed.
  • Statewide public-private organization focused on
    implementing this plan and addressing timely
    issues associated with community and economic
    development.

7
Our Work with the State of West Virginia
  • Many stakeholders have cited the greatest
    achievement of West Virginia A Vision Shared as
    creating a platform for people from different
    backgrounds and with divergent points of view to
    unite around shared values. Vision Shared has
    helped to bring various public and private
    stakeholders together, initiating dialogue and
    forging partnerships that have not previously
    existed.

8
Our Work with the state of West Virginia
  • Market Street was engaged in 2008 to assess the
    States strategic opportunities and challenges,
    and to help chart new and continuing goal areas
    for Vision Shared, Inc.
  • This update process included
  • Competitive Assessment
  • Rankings and Ratings
  • Work Plan for West Virginia

9
  • Current Realities

10
Current Economic Realities
Source Atlanta Journal Constitution November 4,
2008
11
The Great Recession Dec. 2007 Jan. 2010
Total Jobs Lost During Current Recession
8.35 million
15.3 million unemployed 9.3 million working part
time, wanting full-time work.
Source Bureau of Labor Statistics, seasonally
adjusted
12
Nationwide Job Losses, 2009
Source U.S. Bureau of Labor Statistics.
Seasonally adjusted.
13
U.S. Economy
  • Total Job Losses during 2009
  • 4,781,000

14
The Lost Decade
15
U.S. Economy Job gains and lossesby sector, 2009
Source U.S. Bureau of Labor Statistics, Moodys
Seasonally Adjusted
16
U.S. Economy
Losses and Gains The U.S. economy lost 20,000
jobs in January 2010. Here are a few of the
affected sectors
Goods-producing -60,000
Construction -75,000
Manufacturing 11,000
Service-providing 40,000
Trade, transportation, and utilities 15,000
Financial activities -16,000
Professional and technical services -1,600
Educational services -2,000
Health care services 17,100
Leisure and hospitality -14,000
Government -8,000
Source U.S. Bureau of Labor Statistics
17
Household Net Worth 1981-2009
Source United States Census Bureau, Moodys
Economy.com
18
Food Stamps
19
Consumer Confidence Going Down Again
The consumer confidence index from a survey of
5,000 U.S. households
Seasonally adjusted 1985100
Source The Conference Board
20
Metro Economies Report
Projected Employment Change Q4 08 Q4 09
Source U.S. Conference of Mayors Bureau of
Labor Statistics
21
State Unemployment RatesJanuary 2009
(preliminary estimates)
Michigan 14.3
Nevada 13.0
Rhode Island 12.7
South Carolina 12.6
California 12.5
D.C. 12.0
Florida 11.9
Illinois 11.3
North Carolina 11.1
Alabama 11.1
Mississippi 10.9
Ohio 10.8
Oregon 10.7
Tennessee 10.7
Kentucky 10.7
Georgia 10.4
United States 9.7 West Virginia 9.3
Source U.S. Bureau of Labor Statistics,
seasonally adjusted
22
U.S. Employment Sectors 1984
Source Bureau of Labor Statistics
23
U.S. Employment Sectors 2009
Source Bureau of Labor Statistics
24
West Virginia and the United StatesEmployment
Sectors 2009
Source Bureau of Labor Statistics
25
Per Capita Income
South  1990 of nation 2000 of nation 2008 of nation
Alabama 24,967 80 28,635 79 33,643 85
Arkansas 22,974 74 26,417 73 31,266 79
Florida 31,090 100 34,347 95 39,070 98
Georgia 27,968 90 33,719 93 33,975 85
Kentucky 24,513 79 29,412 81 31,826 80
Louisiana 24,097 77 27,809 77 36,271 91
Mississippi 20,787 67 25,310 70 29,569 74
North Carolina 27,403 88 32,607 90 34,439 87
South Carolina 25,243 81 29,426 81 31,884 80
Tennessee 26,517 85 31,440 87 34,330 86
Virginia 32,476 104 37,450 103 42,876 108
West Virginia 23,007 74 26,391 73 30,831 78
National 31,145 100 36,221 100 39,751 100
Source Bureau of Economic Analysis
26
Unemployment Rate
SOUTH 1990 2000 2008 Jan-10
Alabama 6.3 4.1 5 11.1
Arkansas 6.8 4.2 5.1 7.6
Florida 6.3 3.8 6.2 11.9
Georgia 5.2 3.5 6.2 10.4
Kentucky 6.1 4.2 6.4 10.7
Louisiana 5.9 5 4.6 7.4
North Carolina 4.2 3.7 6.9 11.1
South Carolina 4.9 3.6 6.3 12.6
Virginia 4.4 2.3 6.9 6.9
West Virginia 8.6 5.5 6.4 9.3
Tennessee 5.5 4 4 10.7
Mississippi 7.7 5.7 4.3 10.6
Texas 6.4 4.4 5.7 8.2
National 5.6 4 5.8 9.7
Source Bureau of Labor Statistics
27
Labor Force Participation Rate
Region 2008
United States 75
Virginia 76
North Carolina 74
Georgia 74
Texas 74
Florida 73
Tennessee 73
South Carolina 72
Arkansas 71
Louisiana 70
Alabama 70
Kentucky 70
Mississippi 69
West Virginia 66
Source US Census Bureau, civilian labor force
participation ages 20-69
28
The South Current Recession
Net Job Change in Southern MSAs, 2008-2009
  2008 2009 Total, 2008-2009
Atlanta, GA -86,600 -119,500 -206,100
Tampa, FL -63,500 -56,500 -120,000
Orlando, FL -51,700 -50,100 -101,800
Birmingham, AL -13,500 -34,000 -47,500
Charlotte, NC -24,200 -47,700 -71,900
Nashville, TN -19,500 -32,000 -51,500
Memphis, TN -22,200 -30,600 -52,800
Jacksonville, FL -24,400 -26,100 -50,500
Louisville, KY -15,000 -16,900 -31,900
Raleigh-Durham, NC -8,500 -19,000 -27,500
New Orleans, LA 800 -6,600 -5,800
Columbia, SC -8,500 -14,300 -22,800
Dallas-Ft. Worth, TX -34,400 -89,600 -124,000
Little Rock, AR -3,800 -9,100 -12,900
Houston, TX 18,800 -98,600 -79,800
Austin, TX 4,900 -18,400 -13,500
Charleston, WV 2,400 -6,300 -3,900
Morgantown, WV 1,100 500 1,600
Source Bureau of Labor Statistics, Current
Employment Statistics, Economy.com adjusted
29
The South
Net Job Change in the South December 2007 to
December 2009
Florida -569,700 Kentucky -104,300
Georgia -311,200 South Carolina -102,600
North Carolina -243,700 Mississippi -56,900
Texas -205,500 Arkansas -34,800
Tennessee -168,700 Louisiana -29,800
Alabama -120,200 West Virginia -23,100
Virginia -115,000
Source Bureau of Labor Statistics, Moodys
Seasonally Adjusted
30
The South
Decline of Manufacturing Jobs December 2007 to
December 2009
Texas -113,300 South Carolina -35,800
North Carolina -92,200 Virginia -35,200
Georgia -80,100 Arkansas -23,100
Florida -66,800 Mississippi -20,200
Tennessee -54,800 Louisiana -17,100
Alabama -45,624 West Virginia -8,100
Kentucky -43,600
Source Bureau of Labor Statistics, Moodys
Seasonally Adjusted
31
The World in 2009 and 2010
  • Anyone hoping for a period of calm after the
    turbulence of the past year will be disappointed.
    For the economy and for business, as well as for
    politics, 2009 promises to be a year of bracing
    adjustment to a changed world.
  • Daniel Franklin, Editor
  • The World in 2009
  • The Economist

The good news about 2010 is that the world will
emerge from recession and the post-crisis
economic landscape will become clearer. Less
cheerful is what that landscape will look
like. Daniel Franklin, Editor The World in
2010 The Economist
32
How Far Down?Recession Realities
  • Mortgage and financial crisis continuing
    problems
  • Huge decline in discretionary (especially retail)
    spending in 2009 holiday season beat
    expectations (driven by online purchases).
  • The continuing decline in housing value, sales,
    and new construction
  • Widely fluctuating consumer confidence down 50
    from 2007
  • Job losses every month of 2008 and huge losses
    throughout 2009 still falling
  • Federal and state deficits soaring across the
    country
  • Commercial Real Estate Market is falling rapidly
  • Exports have dropped rapidly and are very low
  • The continuing cost in Iraq and Afghanistan
    (human and fiscal) new questions
  • Enormous stock losses and continuing market
    volatility
  • Fluctuating price of oil rising now
  • Citizen anger and distrust (AIG, Madoff, TARP,
    etc.)

Source J. Mac Holladay, October 2009
33
The Great Recession Has Left Us
  • The decade of 2000 2009 was JOBLESS. While we
    gained 27 million new residents, we lost 985,000
    jobs.
  • Four in ten Americans have been out of work for
    27 weeks or more, the highest since the measures
    creation in 1948.
  • The civilian labor force has shrunk by 1.5
    million people - a record since World War II.
  • Total loans at FDIC banks dropped 7.4 percent in
    2009 - the largest drop in 67 years.
  • The Standard Poors Index (including dividends)
    from 2000 through 2009 was -9 a greater loss
    than the 1930s.

Source The Economist Bureau of Labor
Statistics Atlanta Federal Reserve
34
The Great Recession Has Left Us
  • Number of homes where the mortgage exceeds the
    value 1 in 4.
  • Over 700 banks are at risk of failing in 2010.
  • Companies with fewer than 50 employees have
    accommodated for 41 percent of the total job
    losses in this recession. This number is five
    times its share compared to the 2001 recession.
  • Household debt has declined 3.8 percent from its
    peak in July 2008 through October 2009. This is
    the largest decline since 1943.
  • Auto plants in the Southeastern U.S. have lost 16
    percent of their jobs since early 2008. Auto
    parts manufacturing have lost 20 percent.

Source The Economist Bureau of Labor
Statistics Atlanta Federal Reserve
35
Elvis Has Left the Mountain
  • First, if it is not apparent to you yet, it
    will be soon there is no magic bullet for this
    economic crisis, no magic bailout package, no
    magic stimulusWe are going to have to learn to
    live with a lot more uncertainty for a lot longer
    than our generation has ever experienced.
  • Thomas L. Friedman
  • New York Times
  • February 1, 2009

36
Key Issues from the 2008 Competitive Assessment
37
Assessing Competitiveness for Success
  • People
  • Population dynamics
  • Socio-economic health of adults and children
  • Workforce competitiveness
  • Economic Performance
  • Economic structure
  • Labor market dynamics
  • Business climate
  • Innovation and entrepreneurship
  • Place
  • Livability (including cost of living,
    transportation, public safety, housing market)
  • Environment
  • Arts and cultural amenities
  • Civic engagement

38
Competitive Assessment Key IssueWorkforce
supply
  • Stagnant population growth
  • From 2000 to 2007, West Virginia had grown by
    less than 4,000 residents
  • From 2007 to 2009, West Virginia has grown by
    nearly 8,600
  • Aging population
  • 43 percent of the states population was age 45
    or older in 2007, compared to 38 percent
    nationally
  • 46 percent of the states population was age 45
    or older in 2008, compared to 40 percent
    nationally
  • People are dropping out of the workforce
  • Labor Force Participation held steady from 2006
    to 2008 at 66

39
Annual Unemployment Rates West Virginia and the
Nation
Source U.S. Bureau of Labor Statistics
40
Employment and Labor Force Index
Source U.S. Bureau of Labor Statistics
41
Competitive Assessment Key IssuesWorkforce
skills
  • Solid performance in K-12 investments and
    programming.
  • Poor overall student performance in reading,
    math, and writing.
  • High school dropout rates lower than the nation.
  • Public higher education is accessible
  • Average public tuition West Virginia 9,992
    - United States 12,108
  • Improvements in educational attainment
  • Percent of adults w/o a high school diploma
    dropped from 25 in 2000 to 19 in 2006
  • Percent of adults w/ at least a bachelors degree
    increased from 15 in 2000 to 17 in 2006

42
..but West Virginia still lags behind.
  • Educational Attainment of Adults (ages 25 and
    older), 2008

Source U.S. Census Bureau
43
Competitive Assessment Key IssuesCommunity
health and wellbeing
  • Proliferation of chronic disease.
  • 3rd highest proportion of overweight and obese
    adults
  • Highest total population death rate
  • Proportion of adults diagnosed with diabetes and
    hypertension exceed the national average and
    continues to rise
  • Elevated infant mortality rates.
  • Increasing concern related to health insurance
    coverage and costs.

44
Competitive Assessment Key IssuesBusiness
climate
  • Judicial system perceived as anti-competitive.
  • The lack of an intermediate appellate court,
    record setting punitive damage awards, and the
    method for electing judges are all circumstances
    unique to West Virginia and a small number of
    other states.
  • Governor Joe Manchin commissioned a study panel,
    which reported its key findings in late 2009.
  • Improvements in business tax structure.
  • The Corporate Net Tax is being phased into
    reduction through 2014 and the Business Franchise
    Tax will be phased out completely by 2015.
  • Workers compensation reform.
  • One of the most successful turnarounds in state
    historyand in the nation.
  • Expanding Broadband coverage.

45
Competitive Assessment Key IssuesEntrepreneursh
ip and Innovation
  • West Virginias entrepreneurs are prosperous.
  • From 2000 to 2007, average receipts for
    non-employer firms grew 17 in West Virginia,
    compared to 8 nationally
  • Low patent and venture capital (VC) activity.
  • In 2007, only 116 patents were issued statewide
    (or 6.4 per 100,000 residents) compared to about
    14 patents per 100,000 residents in most of the
    benchmark states
  • In 2006, the state attracted 3.7 million in VC
    putting West Virginia in the lowest quartile of
    states in terms of VC disbursements per 1,000 of
    GDP
  • Potential economic opportunities in energy and
    green business.
  • WVU partnership with University of Pittsburgh and
    Carnegie Mellon
  • Center for Economic Options partnership w/ 8
    state universities

46
West VirginiaEmployment by Sector
pre-recession
  • West Virginias Employment and Wages, by Sector,
    Q3 2005 Q3 2007

Source U.S. Bureau of Labor Statistics
47
West VirginiaEmployment by Sector this
recession
  • West Virginias Employment and Wages, by Sector,
    Q2 2007 Q2 2009

Source U.S. Bureau of Labor Statistics
48
Rankings and Ratings
  • Economy
  • Best States for Business, (Forbes) 50th in
    2008 moved up to 46th in 2009
  • State New Economy Index, (Kauffman Foundation)
    50th in 2007 up to 49th in 2008
  • Education
  • Quality Counts, (Education Week) 6th in 2008
    moved to 9th (B- overall, but an F and rank of 49
    in K-12 achievement) in 2010
  • Technology Counts, (Education Week) 1st in 2007
    in 2009 given an A and a grade of 100 (tied with
    8 other states for top spot)
  • Quality of Life
  • Best States for Business, (Forbes) 50th in
    2008 moved up to 46th in 2009
  • State New Economy Index, (Kauffman Foundation)
    50th in 2007 up to 49th in 2008

49
  • Vision Shared

50
About Vision Shared, Inc
  • Vision Shared brings together a diverse group of
    public and private interests in order to
    strengthen the economy of West Virginia.
  • Programs and initiatives fall under four
    areas
  • Intellectual Infrastructure focusing on early
    childhood development and seamless education
    programs
  • New Economy supporting entrepreneurship
    development, sustainable development, and
    creative communities
  • Results-Based Government working with
    legislature and administration to address issues
    including long-term health care, energy,
    environment, and state/federal government
    relationships
  • Building Bridges and Empowering Citizens -
    developing tomorrows leaders and building
    non-profit capacity

51
About Generation West Virginia
  • Generation WV is a statewide coalition of local
    and regional young professional groups.
  • Partner organization of Vision Shared
  • Founded in 2007 with the aim of cultivating young
    talent across the state of West Virginia
  • Coordinates efforts to attract and retain young
    professionals at the state level
  • 11 member local and regional groups
  • Governor's Council of Young Talent
  • Annual Young Leadership Conference

52
About Generation West Virginia
  • Generation West Virginia has 5 key focus areas
  • Legislative Policy Issues
  • Economic Development Impact
  • Statewide Image Marketing
  • Leadership Development
  • Best Practices Outreach

53
Work Plan for West Virginia
  • This report outlines five priority work areas
    where change is necessary to advance West
    Virginia to the next level of economic
    competitiveness
  • Acting now on these five areas can ensure A NEW
    WEST VIRGINIA
  • Each work area includes
  • An explanation of the issue and its associated
    challenges
  • Best practice examples of what other communities
    and states have done to effectively address
    similar challenges
  • Priority actions West Virginias public and
    private sector leaders should pursue in order to
    initiate (or continue to make) progress in each
    work area

54
Five Work Areas
  • Build a business environment for the New Economy
  • Improve community health and wellbeing
  • Create a 21st century workforce
  • Leverage and support entrepreneurs and
    researchers
  • Enhance West Virginias image

55
  • Implementation Progress

56
Build a business environment for the New Economy
  • Reform the Courts
  • Governor Joe Manchin commissioned a study panel
    to review the court system.
  • The panel recommended the state consider the
    following changes
  • Expand the courts
  • Judicial elections
  • Judicial appointments
  • Legislators pass judicial nominations bill
    (3/13/2010)

57
Improve community health and wellbeing
  • In July 2009, Governor Manchin signed senate bill
    414, which requires the development and
    implementation of a 5-year plan that seeks to
    extend affordable, high quality healthcare to
    every West Virginia resident.
  • Creation and funding for an oversight office
  • Creation of four patient-centered medical home
    pilots in the state
  • Access for the uninsured
  • Implementation of health information technology
    statewide
  • West Virginia offers Medicaid members incentives
    for volunteering to participate in the state's
    medical-home initiative
  • State wants flexibility in Federal reform efforts
    in order to expand the medical home model
    statewide

58
Create a 21st century workforce
  • 21st Century Jobs Cabinet of West Virginia
  • Formed to enhance the states quality of
    education
  • Developing a results-based pay system for
    teachers, with support from both of WVs teacher
    unions
  • Created innovation zones
  • Little progress made in reforming the states
    Community and Technical College System
  • Need to make economic development a driving tenet
  • Business assistance (WV Advance) based on
    applications and grant funding
  • Economic development specialists are needed at
    each institution
  • Expand the WV Advance brand to include all
    workforce training services
  • Increase 2-year college accessibility for high
    school students

59
Leverage and support entrepreneurs and researchers
  • Bucks for Brains
  • WVU has raised 5.9 in private donations and has
    requested matching funds from the state Marshall
    has raised just under 1 million
  • The Trusts interest fund has made grants to
    other colleges and universities
  • Concord and West Liberty Universities will both
    receive 100,000 grants (to be matched by private
    donations within the next 5 years) for
    undergraduate research in the sciences and
    mathematics
  • Note The recession has caused state governments
    to cut back to meet budget shortfalls. It has
    also likely affected the ability of Marshall and
    WVU to raise funds for bucks for brains.
  • Research and development tax credit
  • The State now offers a Strategic RD Credit to
    offset up to 100 percent of corporate net income
    tax and business franchise tax based on qualified
    expenditures for RD expenditures
  • Small Business Development Centers
  • State has not yet moved forward to restructure
    SBDCs to include an increased focus on
    entrepreneurship development.

60
Enhance West Virginias image
  • Expansion of the Come Home to West Virginia
    marketing campaign
  • Come Home for the Reunion Stay for a Lifetime
    -2009
  • Department of Commerce distributed more than
    20,000 reunion kits to 350 family and school
    reunions held throughout the state
  • Generation WV is making strides to enhance West
    Virginias image among its young professionals
  • Created the Governors Council of Young
    Professionals
  • Day at the Legislature

61
Governors Council for Young Professionals
  • The voice for young talent in WV to the Governor.
    The council has two members (a male and a female)
    from each of Generation WVs regional/local
    groups.
  • Present 2 to 4 of the most pressing issues for
    young talent in West Virginia to the Governor
  • So far, the Council has made progress on four of
    their major proposals
  • A Voice for Young Talent on State boards,
    committees, and commissions
  • Two appointments so far
  • The Governors Summit on Young Talent the
    governor will host this summit in May
  • Creative Communities Bill made further progress
    in the legislative cycle than before
  • Grants for Grads WV Housing Development Fund
    staff is providing assistance on the proposal

62
  • More and more companies and skilled labor locate
    where they wantnot where they must.
  • Ross DeVol
  • The Milken Institute Review, 2002

63
  • Economic development today, more than ever
    before, is about talent management. Regions that
    are successful in economic development are
    creating and maintaining a community that is
    attractive for creative workers.
  • Richard Florida
  • 2007

64
  • Best Practices
  • In Young Professional Programming

65
  • Quality of the workforce is 1
  • economic development issue

66
Workforce Growth
Annual Rates of Labor Force Growth 1950-2025
  • Baby boomers reach working age
  • More women and minorities join the workforce
  • Baby boomers begin to retire
  • They are replaced by a numerically smaller
    generation

Critical labor shortages
Source U.S. Bureau of Labor Statistics
67
Why are Young Professionals important?
  • According to the Bureau of Labor Statistics,
    between 2008 and 2018
  • Replacement of older, retiring workers will
    account for 67 percent of the approximately 51
    million job openings.
  • Occupations requiring at least some postsecondary
    education are expected to experience higher rates
    of growth (18) than those requiring only
    on-the-job training (8).
  • Regions with a higher proportion of older
    workers, outmigration, and lower educational
    attainment levels have the most acute workforce
    sustainability risk.
  • There is a war for talent among communities.
    Those that will prevail will be successful in
    attracting and retaining young professionals.

68
Young Professional Organizations
  • YPOs are an ally in the war for talent.
  • Stem brain drain
  • Cultivate leaders
  • There are over 300 YPOs in the U.S. and Canada
    with over 1,000,000 members.
  • In a 2007 survey conducted by Next Generation
    Consulting
  • 53 of YPs indicated that their YPO positively
    impacted their perception of the quality of life
    their community has to offer.
  • 56 of YPs indicated they plan to live in their
    community for 10 years or longer.

Source Next Generation Consulting
69
Young Professional Organizations
Source Market Street Services
70
Generation Iowa
  • Generation Iowa Commission
  • Established in 2007 by the Governor to advise the
    Department of Economic Development on young
    professional retention and recruitment
    activities, and to develop best practice
    guidelines for businesses in recruiting and
    retaining young workers
  • 15 appointed voting members (ages 18-35)
  • 4 appointed non-voting members (two state
    senators and two representatives)
  • Initial Recommendations
  • Include the following
  • Implement a Higher Education Tax Credit
  • Provide student loan repayment assistance for
    high need occupations Iowa offers loan
    forgiveness to nurses, teachers, and
    chiropractors
  • Develop a Merit Scholars Program
  • Improve Iowas image through strategic marketing
  • due to state budget shortfalls during the
    recession, many of
  • these recommendations have not yet been realized

71
Generation Iowa
  • 2010 and 2011 Initiatives
  • Voting seats on state boards and commissions for
    YPs
  • Statewide, lifetime hunting/fishing/furbearers
    licenses at a discounted rate to 18-35s
  • Leadership and civic engagement opportunities
    for Iowa high school and college students
  • Statewide student loan reduction initiatives
  • - Best Practices they look to New Hampshires
    Stay Work Play, Maines Opportunity Maine
  • Cross-generational youth initiative to engage
    high school and college students in discussions
    about how to attract and retain young people

72
Lehigh Valley Network of Young Professionals
  • Mission
  • Connect young professionals to the people places
    and experiences unique to the Lehigh Valley.
  • Enhance regional economic development through
    retention and attraction of exceptional young
    talent pool.
  • What they have found
  • By rapidly integrating young professionals into
    the community, the community becomes
  • Sticky
  • Exciting
  • The place to build your career
  • The place to raise your family

Source Lehigh Valley Network of Young
Professionals
73
Lehigh Valley Network of Young Professionals
  • Organization
  • Budget of 17,000 financial support comes from
    private donations, member dues, corporate
    sponsorships, grants, and event sponsorships
  • Staff is all volunteers
  • Partnerships with the Chamber, EDC, Arts Council
  • Formed a YP advisory council for the Mayor of
    Allentown
  • Corporate Benefactors
  • Benefactors include the Ben Franklin Technology
    Partners and Pacific Power
  • Benefactors provide financial support to NET, and
    in turn provide themselves with a vital human
    resources tool to retain and attract young
    professionals
  • Events
  • Monthly film night, game night, lecture series
    breakfasts, dine-out club, networking meetings
  • FYI events cultural events (e.g. classical
    music outings), personal statement and
    GRE/MCAT/LSAT workshops with Kaplan, etc.

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Quad Cities Young Professionals Network
  • Organization
  • Founded in 2008, from the merger of two young
    professional groups, this network serves more
    than 2300 members in the Iowa and Illinois Quad
    Cities.
  • Staff are mostly volunteers, with a paid
    director.
  • A leadership council made up of local
    professionals contributes to program development
    and direction
  • Action committees are staffed by volunteers who
    oversee organization and planning for events
  • Mission
  • Advocate for the interests of young
    professionals provide opportunities for service
    learning and leadership connect young
    professionals with hiring needs of Quad Cities
    employers facilitate social and professional
    development

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Quad Cities Young Professionals Network
  • Emerging Professionals Network
  • Targeted at the local college population and
    through partnerships with local colleges, this is
    a retention program designed to help move local
    college students into local jobs
  • In addition to networking sessions, mentoring,
    and events at career fairs, EPN offers
    career-resource and career-awareness information
    for students to access on their own including
    information on career opportunities and
    internships in the Quad Cities, and tours of
    local employers.

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Emerge Montgomery
  • Rally in the Alley
  • United Way campaign kick-off
  • Volunteer expo for area non-profits
  • Support for the Chambers Annual Diversity Summit
  • Started in August 2008

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What are you going to do?
78
Moving Forward
  • Potential to use Generation WV as a platform to
    launch Financial Aid Saturday workshops
  • Best Practice Austin, Texas
  • Focus on districts with lower college
    matriculation rates
  • Be at the table if PROMISE Scholarships are
    restructured to require recipients to stay
    in-state for a period of time
  • Consider creating Emerging Young Professional
    programs in chapters with large universities
    nearby

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Moving Forward
  • Stronger corporate connections
  • Corporate sponsorships
  • Potential to assist the states major employers
    and the Department of Commerce with staffing
    needs by providing testimonials, reaching out to
    recent transplants, etc.
  • Develop metrics and a tracking score card for
    your organizations strategy implementation
  • Best Practice National Urban League Young
    Professionals
  • Keep pushing, keep working together, and dont
    give up.

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Two Things To NEVER Say
We have always done it that way.
We tried that once before.
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  • Change is debilitating when done to us, but
    exhilarating when done by us.
  • Rosabeth Moss Kanter
  • World Class

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Discussion Questions
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