1. Healthcare as a Driver of Economic Development Ben White

2. Economic Development Partnership • Partnership comprised of the Chamber of Commerce, City of Round Rock, and Momentum (Private Entities)

3. Outline • Healthcare and the Workplace • Healthcare and future jobs • Ways to secure future jobs

4. Benefits of Healthy Workforce • Lower Healthcare costs • Less sick time • More productivity

5. Direct Labor Hypothesis The New York Academy of Medicine 2011

6. Direct Labor Hypothesis • Asserts that individuals who are healthier have higher returns to labor input. • More energy • More focused • Positive Outlook

7. Indirect Incentive Hypothesis • Asserts that healthier workers have a greater life expectancy will have the incentive to invest in education. • Education leads to new skills • Education leads to higher wages

8. Future Jobs Top 10 Jobs of the future 1. Registered Nurses 6. Customer Service Rep 2. Retail Salespersons 7. Truck Drivers 3. Home Health Aids 8. Laborers 4. Office Clerks 9. Postsecondary teachers 5. Food Preparations 10. Nursing aides

9. Future Jobs

10. Future Jobs

11. Future Jobs

12. Skills for Future Jobs Beyond Math and Science…….

13. Securing Future Jobs • Education Opportunities • Trails and Recreational Opportunities • Transit Oriented Developments • Strong Healthcare Facilities • Recruitment

14. AMA News 55(19), Oct. 8, 2012