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LEADERSHIP AGENDA

Operational Scan

OPERATIONAL SCAN

DEPARTMENT PERFORMANCE

LEADERSHIP AGENDA

New Economy 

  • Increase by 50,000 the number of employed workers with college experience and
  • Create 50,000 high-paid, high-skill jobs that require two-years post-secondary education within four years

Levels of education for Iowa's employed population
Employed workers with post-secondary experience
Jobs requiring a postsecondary education and paying at least $32,000 per year
Vision Iowa and Community Attraction & Tourism Program

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MEASURE:
Educated workers earn more.

Data Source: Current Population Survey Data, Iowa Workforce Development, Labor Market and Economic Research Bureau

GRAPH - Levels of Education in Iowa's Employed Population

Why this is important:
Jobs requiring some college generally offer a higher salary. This is true for four-year college and advanced degrees, but post-high school education for technical careers also results in higher earnings than for those with a high school education or less.

What we're doing about this:
We are aligning our educational system with the demands of the business community and we have used the Iowa Values Fund to encourage the growth of high paying jobs.

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MEASURE:
Iowa's college educated workers.

Data Source: Current Population Survey Data, Iowa Workforce Development, Labor Market & Economic Research Bureau

 

GRAPH - Employed workers with college experience

Why this is important:
It shows us how we are doing in providing Iowans the education they need to get good jobs, and in meeting the needs of firms that pay good wages and contribute most to improving the overall economy. In broad terms, it tells us how well our education systems are aligned with the needs of Iowa workers and the economy.

What we're doing about this:
We are providing post-secondary education and training to unemployed and dislocated workers, high school graduates and other people entering or already in the labor force. We are also recruiting new employees from outside Iowa, particularly among college-educated former Iowans and, within Iowa, from underutilized populations.

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MEASURE:
More good jobs require postsecondary education.

Data Source: Labor Market and Economic Research Bureau, Iowa Workforce Development

NOTE: The methodology to measure this goal changed in CY2003 to account for updates in training levels assigned to occupations. Calendar years 2000-2002 will be revised to the new methodology within the first quarter of CY2006.

Updated 10/04/06

GRAPH - Job requiring two years beyond high school  and paying at least $32,000 per year

Why this is important:
This measure tells us the number of jobs in Iowa that require some postsecondary education and pay a good wage. It is also an indicator of how well the state is meeting the skill needs of businesses that pay good wages. The measure tells us if the number of jobs that pay well and require higher education are growing or not.

What we're doing about this:
We implemented the Iowa Values Fund to increase state marketing, business financial assistance, university research and other activities to encourage the growth of firms in the high wage, high-skill industry clusters of life sciences, information solutions, and advanced manufacturing.

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MEASURE:
Vision Iowa

 

Data Source: Iowa Department of Economic Development

 

Updated 11/16/06

Vision Iowa Program
Since 2002, Vision Iowa has awarded $210.6 million for 11 projects, leveraging total expenditures of nearly $2 billion.

Community Attraction and Tourism Program
Since 2000, Community Attraction and Tourism Program has awarded $80.3 million for 249 projects, leveraging total expenditures of $613 million.

MAP-Vision Iowa & CAT Awards 2000-Marych 2005
Click to enlarge.

Why this is important:
The Vision Iowa Program and the Community Attraction and Tourism (CAT) Program provide financial incentives to communities for the construction of recreational, cultural, educational or entertainment facilities that enhance the quality of life in Iowa.


What we're doing about this:
Examples of projects range from the Wells Fargo Arena in Des Moines and the America's River complex in Dubuque, under Vision Iowa, to many smaller projects under the CAT program, like the Olson Cultural Events Center in Le Mars, and the Matchstick Museum in Grundy Center. As of November 2006, eleven (11) Vision Iowa and 249 CAT program awards have been made in 190 communities. Program awards total $291 million and the projects have leveraged about $2.5 billion in local investment.

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