How Are Economic Developers Partnering to Solve Workforce Challenges?
1 Oct 2022
The landscape of talent supply and development is almost unrecognizable compared to a decade ago. In 2013, labor was plentiful as people and communities were still working to recover jobs lost in the Great Recession. In the early 2020s — amid the third year of a pandemic, the baby-boomer retirement wave, and rapid technological change — we are living with the tightest labor environment in living memory.
Access to talent is the number-one concern for employers today, making it a top concern as well for economic development organizations (EDOs) that seek to attract, retain, and expand businesses in their communities. As they aim to create a competitive advantage for their regions, many EDOs are forming partnerships to help meet employers’ talent pipeline and training needs.