Northeastern Pa Financial Services

1NORTHEAST PA FINANCIAL SERVICES OCTOBER 1, 2009

NORTHEAST PA FINANCIAL SERVICES

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WIRED Initiative – Wall Street West

• Proximity to NYC – within 125 fiber miles• Separate power grid from NYC and surrounding states• Separate water system from NYC• Separate transportation system from NYC• More than 60 miles outside NYC

Status of Wall Street West Initiative: • Received $15 million U.S. DOL grant to regionally target financial services industry cluster to

relocate/expand within NE PA• Asset Mapping was conducted to assess regional innovation characteristics• Workforce and Workforce Development System Gap Analysis completed• Workforce Training Grants Awarded

.NYC

Wall Street West is an initiative to develop a total back-up solution for companies in financial services, information technology and related industries through advancements in economic and workforce development.

NORTHEAST PA FINANCIAL SERVICES OCTOBER 1, 2009

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Proposal SummaryWorkforce Development System Gap Analysis for

Northeastern Pennsylvania

1. School systems need to continue working to improve the basic math and reading skills of students.

2. Soft skills and career awareness must be incorporated into the education process.

3. Business and industry must become more involved with career awareness for all students.

Intent of WIRED Initiative1. Link economic and workforce development2. Expand successful existing programs3. Sustainability4. Do not reinvent the wheel


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Sample of WIRED funded initiatives:

• WIB Collaborative Agreement – $1.5 million

• Northeast Pennsylvania Business Education Workforce Partnership Transformation Initiative – $1 million

• Workforce Development Program for Financial Services – $127,500

• Financial Services Industry Partnership – $500,000

TOTAL - $3,127,500


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Northeast Pennsylvania Business Education Workforce Partnership

Transformation Initiative Counties

Lackawanna

Luzerne

Berks

Wayne

Pike

Monroe

Carbon

Northampton

Lehigh

3 Business Education Partnerships

WIBs

Luzerne/Schuylkill WIB

Lackawanna WIB

Lehigh Valley WIB

Pocono WIB

Berks WIB

69 school districts

66 high schools

12 career/technical

9 CareerLink Centers


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Transformation Initiative1. Establish up to 3 new Business Education Partnerships.

The Business Education Models pull from the experience of the Berks, Greater Hazleton and Lehigh Valley Business Education Partnerships who successfullycoordinate the resources of the business community in partnership with the educationcommunity with respect to career awareness, talent and workforce development toimprove the pipeline of workers needed in business and industry. Under the Existingpartnerships’ expertise, up to three new business education partnerships will beReplicated.

2. Staff the Business Education Partnerships with Career and Workforce Coordinators.

To expand the development of business education partnerships in the Northeast, it isimperative that Career and Workforce Coordinators be hired. Three part-timeCoordinators will assist the existing partnerships in strategic planning and coordinatingpartners and resources of the business and educational community and up to threefull-time Coordinators, one for each new partnership, working with business, educationand community leaders, serving as intermediaries, to lead, establish and design thestructure of new business education partnerships.



Northeast Business Education Partnership Coalition

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Transformation Initiative

3. Replicate the successful PA CareerLinking Academy Career Awareness Model.

This innovative career exploration program targeted for students ingrades 10-12 is aligned to the PA Department of Education’s AcademicStandards for Career Education and Work, adheres to federal, state,and local career education initiatives and is aligned with high schooleducational requirements for use as a senior graduation project. TheAcademy provides students with a structured program where theyexplore career interests and become linked to the world of work andeducation. The CareerLinking Academy Model was awarded aNational Pinnacle Award for innovativeness from the National Society for Human Resource Management, our partners in this Model.


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4. Replicate the successful Career Pathways Education Career Awareness program.

This comprehensive, educational career awareness program preparesa student for a successful career, based on interests and abilities,provides a scope and sequence of academic and technical courses in determining educational pathways for students. Students follow arigorous coherent program of studies focused on career pathways toincrease mathematics, science, communication, problem-solving andtechnical skills, have access to career, technical studies and academicstudies, provides a career-based structured system of study. ThisProgram also provides integrated instruction for students based oncollaboration of academic, vocational and college educators, engagesstudents in learning, and uses data to analyze individual studentachievement, thereby setting higher expectations for all students.




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5. Provide a comprehensive, web-based career resource tool called Career Cruising.

Career Cruising is an innovative, web-based career resource tool designedfor all ages, but targeted to middle and high school students to help themfind the right career, explore career options, or plan future education andtraining. With exceptional assessment tools for students, teachers,Guidance counselors and parents, Career Cruising provides detailedoccupation profiles, comprehensive post-secondary education information,career interest surveys, occupational video streaming and much more. Thisinteractive resource, accessible both at school and home, allows students toMove seamlessly through the career exploration and planning processwhile, at the same time, educators have access to real-time information andstatistics necessary to track students’ progress and achievement.

…and Career Cruising Network





Northeast Business Education Partnership Coalition

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Financial Services Industry Partnership

• 5 Workforce Investment Boards received an Industry Partnership Worker Training Grant

• Develop Financial Services Industry Partnerships

to improve the skill levels of incumbent workers in financial services, business services and information technology sectors

$500,000


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Financial Services Industry deals specifically with Finance, Banking, Credit, and Insurance specializations. These are services provided to businesses and consumers, and a high level of skill and specialization are generally required by personnel. The included services allow clients to benefit with financial stability, security, coverage, or opportunities to change the value of assets. Includes:

● Securities, Commodity Contracts, and other Financial Investments ● Monetary Authorities, Banks● Funds, Trusts, and Financial Vehicles● Insurance Carriers

Financial Services


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Business Advisory Council

Business Advisory CouncilA regional organization that will combine the efforts of a small group ofthought leaders and business experts throughout nine counties taskedwith identifying future industry trends and ways the Wall Street Westregion can be positioned on the forefront of those trends.

The Council will• Advise on sustainability of projects and programs in the region

including both talent development and technology infrastructure to ensure competitiveness in the industry.

• Provide counsel on best practice strategies.

• Network and collaborate with peers throughout Berks, Carbon, Lackawanna, Lehigh, Luzerne, Monroe, Northampton, Pike and Wayne counties.


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Comprehensive Guidance System

Integrated with Career Cruising, a comprehensive guidance program, Network enables students to link their career exploration to local companies and connects them to real working people for advice.

Integrated with Career Cruising, a comprehensive guidance program, Network enables students to link their career exploration to local companies and connects them to real working people for advice.


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Industry Profiles

Industry profiles can be regionally customized highlighting:

• Industry size

• Careers in demand

• Major employers in the industry

Industry profiles can be regionally customized highlighting:

• Industry size

• Careers in demand

• Major employers in the industry


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Develop Local Content

Local content targeting workforce development needs are shown through:

• Articles and links to community resources

• Upcoming events

• Local labor market information

• Sponsorship acknowledgement

Local content targeting workforce development needs are shown through:

• Articles and links to community resources

• Upcoming events

• Local labor market information

• Sponsorship acknowledgement


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Company Profiles

Companies can create and maintain profiles to include:

• Company description

• Link to the Company website

• List of occupations the company employs

• Career development opportunities (internships, summer jobs, co-ops, job shadowing, etc.)

• Company message board

Companies can create and maintain profiles to include:

• Company description

• Link to the Company website

• List of occupations the company employs

• Career development opportunities (internships, summer jobs, co-ops, job shadowing, etc.)

• Company message board


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Career Development Opportunities

Companies can post career development opportunities that they currently offer or plan to offer, such as

• Internships/Co-op placements

• Summer/part-time jobs

• Job shadowing opportunities

• Job Fairs

• Scholarships

Companies can post career development opportunities that they currently offer or plan to offer, such as

• Internships/Co-op placements

• Summer/part-time jobs

• Job shadowing opportunities

• Job Fairs

• Scholarships


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Company & Career Coach Tools

Companies and Career Coaches can:

• Manage message board postings

• Create and update company profiles

• Connect with students and educators through targeted messaging

Companies and Career Coaches can:

• Manage message board postings

• Create and update company profiles

• Connect with students and educators through targeted messaging


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… a partnership between

and

and

Career awareness activities and interestAssessments [PA Academic Standards 13.11 A-F]

Interviewing skills and preparation ofResumes, cover letters, briefs, job applications[PA Academic Standards 13.2.11 A-E]

Interviews and workshops with humanresource managers to discuss skills,interests, employer needs and expectations;soft skills exercises and more[PA Academic Standards 13.2.11 A-E and 13.3.11 A-G]

Job shadowing opportunities at localEmployers [PA Academic Standards 13.3 A]

Career and Technical School, Community College and University Tours; ParentWorkshop; Graduation Celebration[PA Academic Standards 13.4 B]

Approved for Act 48 credits


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Nestle Waters North AmericaLehigh Valley Hospital and Health Network

Coca Cola/Lehigh Valley Syrup PlantGood Shepherd Rehabilitation Network


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JOSEPH SEBELINExecutive DirectorPocono County WIB570-325-2462

Lackawanna

Luzerne

Berks

Wayne

Pike

Monroe

Carbon

Lehigh

Northampton

Northeast Workforce Investment Boards

NANCY DISCHINATExecutive DirectorLehigh Valley WIB610-841-1122

VIRGINIA TURANOExecutive DirectorLackawanna WIB570-342-3649

LUCYANN VIERLINGExecutive DirectorLuzerne/Schuykill WIB570-822-1101, x299

ED MCCANNExecutive DirectorBerks County WIB610-988-1363


Northeastern Pa Financial Services

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