Roll up your sleeves!
This webinar will be spent digging into industry data.
Using good data is an essential early step to launching
an industry partnership, but it can get overwhelming fast.
We'll learn how to read and use data without getting "analysis
paralysis," including assessing which industries
really drive your regional economy.
We'll learn how to weigh multiple factors such
as short and long term job growth, density of companies
within one industry in your region, number of jobs, and
average wages and salaries. Finally, we will discuss what
to do with this information, and how to use it to immediately
start building buy in and support from public and private
partners to launch an industry partnership.
Follow-Up Q and A
1. Are "labor market" and "laborshed" the same thing?
They are not the same thing, but a labor shed analysis
is an important part of a labor market analysis. A Laborshed
is defined as the area or region from which an industry
hub draws its commuting workers. Laborshed studies show
the distribution of where workers live compared to where
they work, irrespective of political boundaries like county
lines, city lines, workforce investment areas, etc. Laborshed
analyses can also look at underemployment, the availability
and willingness of current and prospective employees to
change employment within the workforce, current and desired
occupations, wages, and hours worked and distance willing
to commute to work.
A regional labor market is defined as the geographic
area in which a concentration of companies within one
industry are found, and where they share a labor force
and access to common infrastructure. A regional labor
market for one industry can include separate but roughly
adjacent hubs of industry (i.e. concentrations of firms
may be found in a city center, and also 30 miles away
in a suburban center in one direction, and some distance
away in another direction, for example).
For the purposes of an industry partnership, some judgment
is needed to define the "right sized" labor market region
for an industry -- i.e. not too big (statewide for example,
or even half a state), and not too small (within the lines
of just one city or town for example).
2. Is it possible for you to give examples of existing
Go to our website and click on the EARN
Maryland Resource Page. On this page you will find
some examples of real life partnerships from Colorado.
3. To clarify, in September there will be RFP's for
planning grants and then a separate RFP for actual programs
including training released in spring 2014?
Yes, the Planning Grant solicitation will be released
at the end of September 2013. The Implementation Grant
solicitation will be released in the spring of 2014.
Please join us for the next webinar on Thursday, August
1, 2013 from 1 - 2 p.m., "Mobilizing (or Expanding) Your
Partnership: Preparing for the Launch."
If you have not yet registered and received an access
link, go to webinar