White Paper: Arapahoe/Douglas Workforce Investment Board Strategic Planning
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- Candace Watson
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1 White Paper: Arapahoe/Douglas Workforce Investment Board Strategic Planning Strengths, Weaknesses, Opportunities, Threats and Trends December 6, 2012
2 Vital Partnerships & Strong Infrastructure
3 Strengths Diverse Economy Infrastructure Public- Private Partnerships Quality Labor Force Research & Tech. Transfer
4 Key Industries, Strong Region Supporting key regional industries keeps the economy vital Aerospace Aviation Bioscience Broadband Finance Health care Information technology
5 Aerospace Metro Denver is ranked second among the 50 largest U.S. metropolitan areas, with over 36,000 employed in the industry. Aerospace companies in the region have played crucial roles in many of the nation s space contracts, and the newly designated Front Range Space Port near DIA will be home to a host of innovative public and private space missions. Other important infrastructure elements include Colorado s universities and geographic proximity to several prominent military bases. Top Regional Employers Lockheed Martin Raytheon Premier Precision Group Boeing Colorado SEAKR Engineering Merrick & Co. CH2M Hill United Launch Alliance Sierra Nevada URS Corporation Source: Colorado Department of Labor & Employment The industry is made up of three basic sector groups: advanced manufacturing, satellite telecommunications and professional, technical & scientific services.
6 Aviation Centennial Airport was the 9 th busiest general aviation airport in 2009, and is a major economic engine for Arapahoe and northern Douglas County. It is home to charter flight companies, aircraft sales, flight training and simulation, general avionics and other companies, including the corporate headquarters of Air Methods, one of the largest air ambulance companies in America, with over 300 locations in 48 states. Top Regional Employers Air Methods Sierra Nevada Corporation Straight Flight Inc. KEY LIME AIR Signature Flight Support The Robert Allen Group United Airlines Frontier Airlines Source: Colorado Department of Labor & Employment Denver International Airport was the 5 th busiest international airport in the United States in 2011, serving over 52 million people, and was the fifth busiest airport in the world by aircraft movements in It is a regional hub for a number of major airlines including United, Frontier, and Southwest. Recently, it became a hub for Iceland Air, extending its reach to a variety of European locations.
7 Bioscience There are 670 bioscience establishments in the Denver Metro area, and the University Hospital at Anschutz Medical Center spins off an additional 10 bioscience firms per year. The Anschutz Campus is a catalyst for economic growth in the region. The University of Colorado estimates that it is presently responsible for 17,000 job in the region. Top Regional Employers Baxa Corporation Conmed Electrosurgery Allosource Vital Signs, Inc. Cochlear Americas Zynex, Inc. LABS, Inc. Steritech Products Mfg. Co. Mesa Medical Products Source: Colorado Department of Labor & Employment The sector consists of manufacturing, wholesale and professional, technical & scientific services.
8 Broadband Top Regional Employers Avaya, Inc. Starz Encore Group, LLC Sprint United Management Co. MediaOne Group, Inc. MCI Network Services, Inc. Wide Open West Illinois LLC DirecTV, Inc. Qwest Communications Corp. Time Warner Telecommunications, Inc. Comcast Source: Colorado Department of Labor & Employment Broadband, which includes television and cable broadcasting, wired, wireless and satellite telecommunications has been added because over 50% of Meto Denver s employment in this industry group is in Arapahoe and Douglas counties. Though broadband was hit especially hard in the so-called dot-com bust in 2001 and 2002, the industry has come back more productive than ever using advanced technology. Arapahoe and Douglas counties are a regional hub for broadcast and telecommunication sectors, which have been consolidated into broadband for this profile. Together, the two counties have over 50% of the Denver Metro area s broadband employment, with over 14,350 jobs in 192 establishments.
9 Finance & Insurance Arapahoe and Douglas counties are a regional hub for the finance and insurance industry. The Metro Denver area is known as the Wall Street of the West, and ranks fourth in sector employment among America s 50 largest metropolitan areas. Together, Arapahoe and Douglas counties have over 48% of Metro Denver s employment in the finance and insurance industry with over 66,500 people working in 2,333 establishments. Over 19,000 persons are employed in the two zip codes closest to the Centennial Arapahoe/ Douglas Works! office. Top Regional Employers Wells Fargo Kaiser Permanente U.S. Bank JPMorgan Chase Charles Schwab Bank of the West TCF Bank American Express Janus Capital Group First Data Specialilzed Loan Servicing Allstate Great West Life Source: Colorado Department of Labor & Employment
10 Health Care Top Regional Employers Columbia HCA Centura Health Kaiser Permanente Porter Care Adventist Health System Craig Hospital Allosource, Inc. Exempla Children's Hospital Denver Health & Hospital University Hospital Source: Colorado Department of Labor & Employment The healthcare sector is a major employer in Metro Denver. Since employment in healthcare is tied more closely to population demographics than economic conditions, it grew at an annual rate of 3.3% between 2001 and In the Denver Metro area, healthcare is most concentrated in areas that house large hospitals. The Anschutz Campus employs nearly 6,000 health care workers, and Denver Health Authority over 3,500. In conjunction with the southeast light rail extension, the proposed expansion of Sky Ridge Medical Center and Kaiser Permanente will add hundreds of healthcare jobs in Lone Tree.
11 Information Technology Not only is information technology an industry in its own right, it is an enabling platform that crosses virtually all other industries. Computer sciences professionals can work in the IT industry itself, or can ply their trades in finance, healthcare, aerospace, biosciences, aviation and broadband. Since IT is ubiquitous across all key industry groups in the Arapahoe/Douglas region, we can expect much faster than average growth in computer sciences occupations. The IT industry group is made up of manufacturing, software development, data hosting, internet publishing, custom programming and system design. Top Regional Employers I.H.S. Global, Inc. Trizetto Group, Inc Inovant, LLC Ciber, Inc. Thomson Corporation Quantum Corporation Teksystems, Inc. McAfee, Inc. CSG Systems, Inc. Sybase, Inc. Harris Corporation Sun Microsystems, Inc. Source: Colorado Department of Labor & Employment
12 Weaknesses Raise the bar for quality of workforce development system statewide Drag versus contribution Basic skill opportunities for dropouts Occupational training opportunities for welfare & food stamp recipients, exoffenders and new GED earners
13 Weaknesses Low public investment in education 43 rd per pupil P-12 spending 49 th in higher education support Colorado paradox failure to grow our own quality labor force costs businesses money!
14 Opportunities Workforce Investment Board as part of a coherent regional economic and workforce development strategy Occupational training just in time! Since 59% of Colorado s general fund comes from individual income tax, we can help keep the infrastructure strong by continuing to attract new businesses and grow good jobs
15 Threats Shrinking federal funding decreases consumer spending on goods and services Workforce development Safety nets Misunderstanding of real value of workforce centers Losing labor force competitiveness Insufficient funding to prepare low skilled workers for today s high-skilled jobs
16 Trends The Arapahoe/Douglas region is a magnet for new businesses Hitachi Arrow Electronics Gordon Composite Polystrand Cabella s And business expansions Charles Schwab Kaiser Permanente Sky Ridge
17 Conclusions Partnerships position the WIB as integral part of regional infrastructure Continue participating in regional economic and workforce development Advocacy is vital Funding & value of workforce development Turn the drag to contribution Be ahead of the curve Federal funding is on a downward trend State, local and private funding sources
18 Questions & Answers
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