Welcome!

News Feed Item

A Solution Series Panel Discussion of the Intersection of Workforce and Economic Development

Thursday, March 27. 8am at Mutual of America, 320 Park Avenue

NEW YORK, March 25, 2014 /PRNewswire-USNewswire/ -- At 8am, Thursday, March 27, 2014, Fedcap's Solution Series is convening a panel discussion to explore the intersection of workforce and economic development at Mutual of America, 320 Park Avenue.

Panelists include: Mark Elliott, President, Economic Mobility Corporation Jacqueline Mallon, Deputy Commissioner, Workforce Development New York City, Small Business Services David Jason Fisher, Senior Fellow, Workforce Development, Center for an Urban Future Melanie Kirk, Senior Vice President, Human Resources, FreshDirect

Increasing local employment is one of the goals of economic development efforts.  Although economic and workforce development are the primary engines of community improvement and growth, they are frequently not aligned. The amalgam of each panelist's experience and point of view will clarify the puzzling and seemingly impossible disconnect.

"In a time of tight budgets and reduced government funding, workforce and economic development have to find innovative ways to collaborate." said Christine McMahon, President and CEO of Fedcap. Ms. McMahon continued, "For employers, a pipeline of trained, job ready workers that match current and future needs is a strategic advantage that lowers training costs, reduces turnover and generates productivity."

Workforce development policy is usually presented by supporters and funders as a way to solve "social problems" that will incur considerable public expenditure if individuals with barriers and long histories of unemployment are unable to find sustainable jobs.

Economic developers, on the other hand, are attracting or retaining particular businesses or positioning cities, regions or states as attractive destinations for entire business sectors.  Incentives such as financial incentives or tax exemptions are common.  From their perspective, the fewer the requirements, including job training or hiring mandates, the more likely they will succeed. 

Since 2008, NYC has gained 237,000 jobs. Low wage jobs have increased dramatically.  Five years ago 31% of New Yorkers earned less than $28,000 a year. During the same five years of significant economic development, the number has risen to 35%.

Last month, in his preliminary budget address, Mayor DeBlasio promised to increase the number of middle class jobs through job training, education, and affordable housing.

The Mayor's approach is sector based development – the targeted development of workers for specific jobs and industries through education. It is fast becoming the main point of intersection between workforce and economic development. 

In spite of what may seem impossible, the panel will discuss concrete examples where integration has created an economic "win-win" for both employers and employees.  Some are looking to the new administration's promise to address "income inequality" as a platform to create a new dialogue to promote an intersection that will benefit all.

The Solution Series, a project of Fedcap's Community Impact Institute, convenes high level dialogues that focus sharply on the barriers to economic independence and self-sufficiency. 

Fedcap, www.fedcap.org creates opportunities for people with barriers to move toward economic independence as valued and contributing members of society.

Contact: Mary Daly, 917-710-7623

SOURCE Fedcap

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that Zerto will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clou...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...