Today, we are pleased to announce several new features and improvements related to job posting analytics in Analyst and Developer – our labor market analysis tools that help colleges create relevant programs and empower workforce and economic development organizations to support existing businesses. Here’s a brief look at the changes we’re making so you can serve your community even more effectively.
EMSI for economic development
Economic and workforce development organizations are fighting to attract, retain, and grow advanced manufacturing businesses in their areas. If they can prove their talent pipeline, they’ll have a leg up on cultivating businesses that offer competitive wages, positively impact gross regional product, and present a variety of career pathways to employees.
It’s important for economic development professionals to alleviate business challenges that impede growth and profitability—and to continue to show even longstanding businesses where local workforce strengths can contribute to ongoing success. This article will analyze labor market data for the plastics product manufacturing industry in the Elkhart-Goshen, Indiana, metropolitan area.
The terms and definitions differ, but pretty much every state and region has a set of industry groups that dictate new policies, initiatives, and research. For economic developers, these clusters or ecosystems are vital to retaining and attracting businesses.
For economic development professionals, the stakes are high when demonstrating workforce availability. In fact, according to the 2014 Area Development survey of company executives, the availability of skilled labor has rapidly become the No. 1 factor in site decisions (labor costs are No. 3).