Economic Development Organizations: the Linchpin to Workforce Development

Economic Development Organizations: the Linchpin to Workforce Development

November 2014

A qualified workforce is the primary consideration for corporations seeking a new location in the global marketplace, impacting decisions ranging from HQ locations, to back office, to manufacturing. However, communities across the U.S. lack the sort of qualified workers that are critical to future economic growth, and when a company does identify a potential pool of competent workers in a region, the issue of workforce training becomes paramount. Bridging the chasm between business demands and training providers is the key to successful workforce development efforts, and this is where local economic development organizations (EDOs) are playing an increasingly pivotal role. When done correctly, workforce development builds local capacity, supports job creation and retention, fosters innovative industry clusters, and attracts new firms and talent. Today more successful collaborations are taking hold across the country between EDOs, businesses, and workforce development agencies. The presentation will outline how you can make the workforce development system work for you by coordinating efforts with local EDOs. Speakers: Jay C. Moon, CEcD FM HLM

Keywords: Washington D.C. Summit 2014, Location, Workforce, Collaboration, Decision, IEDC

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