STATE OF THE WORKFORCE LAKE COUNTY FLORIDA. Relationship between education and economic development. Overview of statistics relating to the state of our.

STATE OF THE WORKFORCE

LAKE COUNTY FLORIDA

• Relationship between education and economic development.

• Overview of statistics relating to the state of our current workforce.

• How do you use the information to make decisions.

State of the Workforce

Economic Development is a Process for Building Wealth

Within a Community.

What is Economic Development?

Total # of Companies (percentage)

Education 1.5%

Manufacturing 2.4%

Arts, Ent, and Rec 1.9%

Transp &Warehousing1.7%

Public Administration3.8%

Wholesale 4.2%

Finance and Ins 4.5%

Food Services 4.7%

Waste Management 5.6%

Pro ,Sci ,and Tech Svcs8.2%

Real Estate 6.0%

Information 1.4%

Agriculture 0.7% Misc 0.3%

Utilities 0.2%

Mining 0.1%

Management 0.1%

Retail 15.2%

Construction13.2%

Health Care 12.9%

Other Services11.7%

Total # of Employees (percentage)

Education 6.4%

Public Administration7.9%

Other Services 5.0%

Manufacturing 4.1%

Wholesale 4.1%

Professional , Sci &Tech Svcs3.9%

Real Estate 3.1%

Waste Management 2.8%

Arts, Ent, and Rec 2.6%

Finance and Insurance2.3%

Transp &Warehousing1.6%

Information 1.2% Agriculture 0.5% Miscellaneous 0.3%

Utilities 0.2%

Mining 0.1%

Management 0.0%

Health Care 19.8%

Retail 17.0%

Food Services8.7%

Construction 8.5%

20012002

20032004

20052006

2007

Information

Natural Resources & Mining

Manufacturing

Leisure & HospitalityOther Services

Education & Health ServicesFinancial Activities

Professional Business ServicesConstruction

Trade, Transportation, & Utilities

0

200

400

600

800

1,000

1,200

1,400

1,600

Companies by IndustryLake County

20012002

20032004

20052006

2007

Leisure & Hospitality

Other Services

Natural Resources & Mining

Trade, Transportation, & Utilities

ManufacturingProfessional Business Services

ConstructionEducation & Health Services

Financial ActivitiesInformation

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

Average Annual Wages by IndustryLake County

20012002

20032004

20052006

2007

Information

Natural Resources & Mining

Other Services

Financial ActivitiesManufacturing

Professional Business ServicesLeisure & Hospitality

ConstructionTrade, Transportation, & Utilities

Education & Health Services

0

5,000

10,000

15,000

20,000

25,000

Employment by IndustryLake County

20012002

20032004

20052006

2007

Information

Natural Resources & Mining

Other Services

Financial ActivitiesManufacturing

Professional Business ServicesLeisure & Hospitality

ConstructionTrade, Transportation, & Utilities

Education & Health Services

0

5,000

10,000

15,000

20,000

25,000

Employment by IndustryLake County

20012002

20032004

20052006

2007

Leisure & Hospitality

Other Services

Natural Resources & Mining

Trade, Transportation, & Utilities

ManufacturingProfessional Business Services

ConstructionEducation & Health Services

Financial ActivitiesInformation

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

Average Annual Wages by IndustryLake County

SITE SELECTION CRITERIASite Selection Factors

2009Ratings

Factors 2008 Ratings

1 Highway accessibility 2

2 Labor Costs 10

3 Occupancy or construction costs

6

4 Availability of skilled labor 3

5 State and local incentives 1

SITE SELECTION CRITERIAQuality of Life Factors

2009Ratings

Factors 2008 Ratings

1 Rating of public schools 1

2 Moving Costs 5

3 Colleges and universities in area

4

4 Low crime rate 2

5 Housing availability 6

State 22%National Average 23%

0.0%5.0%

10.0%15.0%20.0%25.0%30.0%35.0%

Educational Attainment% of Population Age 25+

Source: 2008 Estimates, Decision Data Resources

Lake County

Osceola County

Orange County

Seminole County

MSA

0.00%

50.00%

100.00%

2007 - 2008 Graduation RatesSource: 2008 BEBR

Series1 79.30% 69.60% 75.60% 91.10% 75.40%

Lake Osceola Orange Seminole State of

Graduation Rates

• 2008 Standardized Calculation Method

• North Carolina: 2008 71.7%• Georgia: Increased from 63.3% in

2003 to 75.4% in 2008• Texas: 2008 79.1%

LA

KE

OR

AN

GE

OS

CE

OL

A

SE

MIN

OL

E

SPECIALIST

MASTER'S0.0

10.020.030.040.050.0

60.070.0

80.0

% of Teachers at each Degree Level, 2007-08Source: Florida Department of Education

SPECIALISTDOCTORATEMASTER'SBACHELOR'S

260270280290300310320330340350

Reading Math Science

2008 Florida Comprehensive Assessment TestSource: 2008 BEBR

Lake

Osceola

Orange

Seminole

Educational Providers

• CAP – K-12 Career and Professional Academies

• Lake Technical School• LSCC - two-year to four-year• Strategic location between UCF

and U of F• Private providers• Industry Educational Programs

• Reduction of State funding.• Current economic challenges.• Creating programs for the jobs of the

future.• Identifying needs of our current

workforce.• Keeping up with learning behaviors and

changing technologies.• Duplication of services and providing

programs no longer needed in the workplace.

Challenges

Opportunities

• Making all levels of education a priority.

• Identify funding sources to implement programs of excellence. Workforce Funders’ Collaborative

•Creating collaborative partnerships.•Develop portfolio approach•Reduce duplication of services•Create programs for the jobs of

the future.