Summary
In a recent commentary, Sarah Boyarko highlights the pivotal role of workforce development in economic growth. At the heart of this discussion is the understanding that for business executives, a robust workforce ranks among the top priorities when selecting site locations for investment. The Lake to River Economic Development organisation is emphasising the inseparability of workforce and economic development in driving regional success.
Boyarko details how workforce needs don’t just inform hiring practices but are crucial in securing millions in investment. The Lake to River initiative provides businesses with a strategy to identify and acquire talent, which remains vital in the face of local skill shortages, particularly in sectors like healthcare and manufacturing.
The commentary underscores the ongoing collaboration with multiple stakeholders including schools, employers, and funding organisations to forge a comprehensive approach to tackle workforce gaps, indicating that such partnerships are essential for future growth.
Source: Commentary: Workforce Is Economic Development
Key Points
- Workforce development is a top priority for business executives when selecting investment sites.
- The Lake to River Economic Development organisation connects talent with economic opportunities.
- Major in-demand roles in the region include engineers, registered nurses, and electricians.
- Partnerships among training providers, schools, and businesses are critical in closing talent gaps.
- There’s a pressing need to retain talent in a region facing population decline.
Why should I read this?
If you’re at all interested in the intersection of talent and economic growth, this article’s a must-read! It lays out real challenges businesses face and the proactive steps being taken to address them. Plus, it might give you some ideas on how to tap into local talent or encourage future professionals to stay in the region. Don’t miss out on these insights!