Global Interconnection Group Joint Venture[960] (1).pdf
Centre County Future
1. The Future of
Central Pennsylvania
Business & Industry
Central Pennsylvania Regional Career Fair
State College, PA
April 22, 2009
Rose M. Baker & David L. Passmore
Penn State Workforce Education
& Development Initiative
2. Slides from this
presentation
Links to reports for
Blair, Centre, Clinton
, Huntingdon, Juniat
a, & Mifflin counties
Links to government
& regional web sites
Links to our work
Background information about counties and all slides in this presentation
3. Population
• 421,304 in 2008
• 422,424 in 2012
• Lower concentration
<55 years old
• Higher concentration
≥55 years old
Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
4. Employment
• 262,512 in 2008
• 270,937 in 2012
• Losses in manufacturing
& utilities
• Large % gains in real
estate & in educational
services
Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
5. Migration in 2006
• 2.56% in-migrants
• 2.53% out–migrants
• 20% of in–migrants from
foreign locations
• 10,800 in & 10,600 out
Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
6. Patents in 2007
• 3.73 per 10,000 in region
• 6.06 per 10,000 in state
• 7.88 per 10,000 in nation
Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
7. Contributions to state
economy in 2007
• 0.09 % of gross state
product
• 0.08% of profits
• 0.1% of earnings
• 0.08% of taxes
Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
8. Competitiveness
Education & Training
Innovation
Three factors affecting the vitality of the economy of Central Pennsylvania
9. Competitiveness
Education & Training
Innovation
Based on national, industry, & regional employment changes
10. Regional
National Regional
National
Employment
Industry Competitive
Effect Effect
Effect Change
Based on national, industry, & regional employment changes
11. From 2008 through 2012
Regional
8,425
National = Industry = Competitive
=
+16,653 –2,129 job increase
–6,103
Forecasted for Central Pennsylvania
12. Highest
•
Education, agricult
ure, & some
services
Lowest
•
Government, manufa
cturing, retail trade, &
health care
Major industries in Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
13. Lower use of labor
than nation and
region for every
dollar of product &
service sold
Consider what
“competitiveness”
means
In Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
14. Highest
•
Education, agricult
ure, & some
services
Lowest
•
Government, manufa
cturing, retail trade, &
health care
Major industries in Blair, Centre, Clinton, Huntingdon, Juniata, & Mifflin counties
15. Competitiveness
Education & Training
Required
Innovation Economy
For job openings created by growth and change and by the need to replace workers
who die, retire, or otherwise leave their occupations in Central Pennsylvania
16. For job openings created by growth and change and by the need to replace workers
who die, retire, or otherwise leave their occupations in Central Pennsylvania
19. Based on work of Richard Florida, author of The Rise of the Creative Class
20. Dynamic competitive environment which
emphasizes
◦ Flexibility
◦ Adaptability
◦ Capacity to add value through intangible assets
Knowledge workers and their talents become key
economic differentiators
Choices for employment are not bounded by
traditional location/geographic characteristics
21. The Future of
Central Pennsylvania
Business & Industry
Central Pennsylvania Regional Career Fair
State College, PA
April 22, 2009
Rose M. Baker & David L. Passmore
Penn State Workforce Education
& Development Initiative