Presented by: Deidre D. Myers Policy, Research & Economic Analysis
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Transcript of Presented by: Deidre D. Myers Policy, Research & Economic Analysis
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Presented by:Deidre D. Myers
Policy, Research & Economic Analysis
Oklahoma’s Ecosystems:Accelerating the Growth of the
State’s Economic Prosperity
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Goals
Prioritize Resources Align Policies Maximize Outcomes Require
Accountability
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Methodology
Wealth Generation
Competitive Advantage
Growth Potential
Sales RevenueExport ShareWages
Location QuotientPhysical Assets
Workforce
New MarketsIndustry TrendsNumber of Establishments
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Process
Step 5. Tested conclusions against macro economic data
Step 4. Aggregated findings to ecosystems that share economic characteristics
Step 3. Analyzed qualitative data including OK’s physical assets, R&D expertise and workforce strengths
Step 2. Identified those industries that ranked highest in each and all of the 3 categories
Step 1. Analyzed quantitative variables for wealth generation, growth potential and competitive advantage for 669 industries
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Outcome
669 Industries72 variables48,168 data points
Wealth Generation
Growth Potential
Competitive
Advantage
ECOSYSTEMS: The economic drivers of OK
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Ecosystems
Aerospace & Defense
Parts & Components
Manufacturing
Maintenance, Repair & Overhaul
Unmanned Aerial Systems
Military Related Research &
Development
Energy
Machinery Manufacturing
Compressed Natural Gas
Vehicles
Distribution
Engineering Services
Agriculture & Biosciences
Food Manufacturing
Commodity Production & Distribution
Fertilizer Manufacturing
Research & Development in Ag Biosciences
Information & Financial Services
Data Centers
Banking
Cyber Security
Computer Systems
Transportation & Distribution
Air, Rail, Water & Pipeline
Transportation
Transportation Equipment
Manufacturing
Warehousing & Storage
Wholesale Brokers
The specific industries listed under the ecosystems are neither comprehensive nor exclusive. They are only examples to demonstrate a diversity of activities. The number of individual industries included among the 5 ecosystems actually number over 200.
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Vital Complementary Systems
Oklahoma’s Ecosystems
Infrastructure• Construction
Quality of Life• Health & Biosciences• Tourism & Recreation
Skills, Knowledge, & Abilities
• Education• Creative Industries
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Regional & Micro Systems
State
Metro Stat Areas
OKC
Tulsa
Lawton
Multi County Regions
SCORE
NWOA
Southern WIB
Cities
Enid
Muskogee
Ardmore
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Policies
Business Start-Up, Retention, Expansion & Recruitment
Workforce (STEM)
Incentives
Regulations
Infrastructure
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County Unemployment Rates
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OK’s Educational Gap for New Jobs
New Jobs defined as those jobs projected to be created between 2010 and 2020.Source: 2010 ACS; EMSI Complete Employment - 2011.4
2010 OK Educa-tional Attainment
OK New Jobs' Requirements
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
45.8
22.9
31.3
48.9
15.4
23.7
7.5
4.5
High School Degree and less Some college/Vocational/Associate's Degree Bachelor's DegreePost Bachelor's Degree
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Unemployment Rates by Cohort
White, A
ge 16-19
White, A
ge 20+
Black, Age 16-19
Black, Age 20+
Hispanic,
Age 16-19
Hispanic,
Age 20+
Male, Age 16-19
Male, Age 20+
Female, A
ge 16-19
Female, A
ge 20+
Less
than High School
High School
Associa
tes and Certi
ficate
Bachelor's
and Higher -
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Note: Data are from BLS, CPS Rolling 12 month average which measures the Unemployment Rate of those who have actively searched for work over the preceding 4 weeks. For example, not all 16-19 year olds are included in the calculation, only those who are actively pursuing employment.
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Critical Workforce for the Ecosystems
OK’s Current Capacity
• Occupational mix effect
• Location quotient Expected
Growth• Net new jobs• Openings
National Demand
• Job growth• National wage
rates
Industry Demand
• Net employed in group
• % of staffing
Wealth Generation
• State wages• National
difference
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Educational Requirements
10
26
5
112
33
13
OK Ecosystems’ 100 Critical Occupations by Attainment
Associate's Degree
Bachelor's Degree
Advanced Degree
Vocational Award
Short-term OJT
Moderate-term OJT
Long-term OJT
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Classification
Transportation & Material Moving
Production
Installation, Maintenance & Repair
Construction & Extraction
Healthcare & Technical
Life, Physical & Social Science
Engineering
Computer & Math
Business & Finance
Management
0 5 10 15 20 25 30 35
100 Critical Occupations by Major Grouping
41 STEM Intense
13 STEM Related
NOTE: STEM (Science, Technology, Engineering & Mathematics) qualification defined by the Georgetown University Center for Education & Workforce
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Happening Now & Next Steps
Complete College America “OneOklahoma” A Strategic Plan for Science &
Technology in Oklahoma, 2012 www.OKJobsMatch.com Career Pathways Project Lead the Way Regional Analyses
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Regional Process
Modify State Process to 6-digit NAICS
Change Economic Relationships
Identify and Vet Data
Aggregate to Geographic Area
Test Conclusions
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Regional ConsiderationsGranularity exposes federal data inconsistencies and suppression
Margin of error increases
Regional diversity amplifies outliers
Arbitrary geographic boundaries suppress market relationships
Export considerations differ from state
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Southern WIB Ecosystems(Initial Analysis)
Energy
Refineries
Machinery & Equipment
Manufacturing
Oil and Gas Support Activities
Agriculture & Biosciences
Animal & Crop Production
Forestry and Wood Product
Manufacturing
Research & Development in Ag
Biosciences
Transportation
Transportation Equipment
Manufacturing
Tire Manufacturing
Freight Trucking
Distribution
Warehousing & Storage
Wholesale Brokers
Electrical & Oil/Gas
Tourism
Casinos/ Casino Hotels
Accommodations
Recreation Activities
The specific industries listed under the ecosystems are neither comprehensive nor exclusive. They are only examples to demonstrate a diversity of activities.