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Addressing high unemployment and poverty levels in Chicago by developing the workforce to compete globally, create jobs, and bridge gaps in the economy. Strategies focus on K-12 education, higher institutions, and private sector collaboration to maximize opportunities for disadvantaged groups and attract business expansions. Through government, nonprofit, and for-profit training partnerships, the goal is to reduce net unemployment, add value for employers, and generate a high return on investment.
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The Challenges • High levels of unemployment & poverty • Need to build Chicago regional economy to compete globally, create jobs • Workers needed: • Transition: the “hourglass” economy • Is the workforce adequate?
The Challenges • High levels of unemployment & poverty • Need to build Chicago regional economy to compete globally, create jobs • Workers needed: • Transition: the “hourglass” economy • Is the workforce adequate?
What workforce development is • K-12 Education • Community colleges & 4-year institutions • The private sector Filling gaps: • Government, nonprofit & for-profit trainers
What we want to do • Maximize employment opportunities for the poor and disadvantaged • Create value-added for employers so they create jobs and pay higher wages • Utilize workforce strategies to attract start-ups and expansions
How we want to do this • Reducing net unemployment • Doing what employers cannot do for themselves • Producing high return on investment
