The skill and availability of the local workforce is often the top ingredient of the fuel that drives economic growth in a region. Always in the top five factors, often first or second, the region’s workforce can make or break many decision to expand or relocate to an area and create jobs. High-octane workforce development tools can supercharge the economic development engine across the Four-States Region.
The SectorReady™ framework strengthens the region’s workforce through:
- Career pathways to expand recruitment and job advancement of students and transitioning adults
- Entry level and intermediate credentials to certify high-demand skills
- Innovative training with a high-impact, high-volume, and lower-cost approach
Visit SectorReady online to learn more about how SectorReady™ can help employers, educators, and community leaders to strengthen the region’s workforce and economic vitality. Contact Frank Neely at the WIB for more info.
Fuel for Growth
The Workforce Investment Board (WIB) functions as a value-added extension of local economic development groups, bringing together an array of employment and training solutions to fill gaps and help balance workforce supply and demand. Utilizing partnerships in job centers and educational agencies, the WIB enhances the value of local incentive packages, both with financial resources and through in-kind services. The WIB helps reduce the anxiety of investors with tools that help manage the risk of ineffective hires. The WIB’s expert analysis of the local labor market provides a neutral third-party validation of the supply and quality of the workforce.
Typical Value of Incentive Package for 25 New Hires = $52,900
- Recruitment: Advanced job matching, advanced screening; Commercial value of $498/candidate
- Testing & Remediation: Assessments to gauge and training to improve basic workplace literacy or technical skills; Commercial value of $818 per candidate
- On-the-Job Training: Partial wage reimbursement for eligible new hires during a pre-set number of training weeks; Commercial value of $800 per candidate
- Joplin Regional Prosperity Initiative: Dynamic five-year, $3.73 million campaign for job creation and economic expansion of the Greater Joplin Region; includes workforce training and education resources
- Heartland 411: Joint partnerships with the local WIBs of the Four-States for research, collaboration, and projects
- Missouri Community College Training Program: Employer withholding taxes deferred to fund employee training for substantial projects
- Missouri Customized Training Program: Direct grants to help offset cost of training through local colleges, such as the Alliance for Business, the joint effort between Crowder College and Missouri Southern State University
- Work Opportunity Tax Credit: Incentives to hire employees from target groups of populations with barriers such as poverty, criminal record, etc., designed to help self-sufficiency while expanding