Don't Miss it - Governor's Aerospace Summit Nov 29
This day of action will:
Give you the chance to tell Expert Panelists about the challenges and opportunities you see in the years ahead
Review new industry trends
Focus on difficult issues such as rising health care cost, demand for skilled workers, tax incentives, and retention and expansion
Provide solid networking opportunities with industry leaders from around the state
Launch the Aerospace Future's Alliance agenda for 2008.
Confirmed speakers include Governor Chris Gregoire, Boeing Commercial Airplane CEO Scott Carson, AIAA Chair Scott Eberhardt, and U.S. Representatives Norm Dicks, Adam Smith and Dave Reichert.
If you haven't already, you can register online at www.afa-wa.com.
Sign Up for the King County Roundtable Field Meeting
The King County Roundtable Field Meeting will include visits to Auburn, Kent and Renton, and will highlight the area’s clean technology, aerospace, specialty foods and international trade industry clusters, as well as education, minority entrepreneurship and more. The event will be held December 14 from 8 a.m. to 4 p.m.
The Prosperity Partnership Roundtable Field Meetings are quarterly, county-specific tours of the Puget Sound designed to help business, government, education, labor and nonprofit leaders learn about important economic development efforts in our four-county region.
The cost to attend is $30, and includes lunch.
Register online at www.prosperitypartnership.org.
For additional information, contact Eric Schinfeld, Senior Economic Policy Analyst, at (206) 971-3053 or eschinfeld@psrc.org. Registrations must be received by Friday, December 7!
Click here to see some of our Partner’s Events
If your organization is not currently a Partner and would like to become one, please contact Eric Schinfeld, 206-971-3053, eschinfeld@psrc.org.
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Prosperity Partnership E-Newsletter November 26, 2007
- Prosperity Partnership Releases 2007 Update to Regional Competitiveness Indicators
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Prosperity Partnership Salutes Legislative Action on Higher Education
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Regional Housing Strategy Working Group Recommends Consensus Strategies
Prosperity Partnership Releases 2007 Update to Regional Competitiveness Indicators
Education indicators are improving in the central Puget Sound region and Washington state and are set to do better in the coming years thanks to key success in the 2007 legislative session. The 2007 Indicators show high school graduation rates have improved in all four central Puget Sound counties and bachelor's degree production increased statewide in Washington. However, while production increased, Washington fell from 36th in the U.S. to 37th in degree production. Thus it is important to continue to increase investment in our students in order to keep pace with our peers.
Other Highlights from the Indicators report include:
- The Seattle Metropolitan Area continues to attract a notable portion of the nation's venture capital, 3.8% in 2006. This is up 28% from 2005.
- Washington's business start up rate lowered, while its closure rate remained stable. Washington moved from 1st to 3rd in business churn.
- Housing Affordability in the region continues to drop, with first time ownership a particular challenge. King County's affordability index is the lowest at 70.7, while Kitsap is offers the best affordibility index at 96.6.
The 2007 Update to the Indicators Report is available online at prosperitypartnership.org. The complete file includes the 2008 Action Items.
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Prosperity Partnership Salutes Legislative Action on Higher Education
The Prosperity Partnership Co-Chairs: Brad Smith, Senior Vice President at Microsoft; Charles Mitchell, Chancellor of the Seattle Community Colleges; Mark Emmert, President of the University of Washington; Rick Bender, President of the Washington State Labor Council; Tomio Moriguchi, Uwajimaya Chairman & CEO; Rita Ryder, President emeritus of the YWCA; Scott Carson, Boeing Commercial Airplanes CEO; and John Ladenburg, Pierce County Executive.
Leaders at the Prosperity Partnership's annual luncheon thanked Governor Christine Gregoire and the 2007 Legislature for their historic investments in Washington's higher education system. The effort to add 10,000 more bachelor's degrees to our state's annual production by 2020 has begun and focused its first steps on the high demand, high impact degrees the state's employers need most.
The important next step in improving Washington's competitiveness in higher education is to ensure students are prepared upon High School graduation to participate in Washington's economy. Essential to this effort is the development of a pilot communications initiative to help middle and high school students understand the types of family wage jobs available, the types of high demand degrees available to land those jobs, and the prerequisites needed to get into these types of degree programs.
University of Washington President Dr. Mark Emmert explained the issue and opportunity in depth at the luncheon. "Over the past ten years, nationally we've seen a pretty sharp decline in science, math, and engineering interest across the nation, just at the same time we've seen our competitor nations are shooting up in the other direction," said Dr. Emmert, a Prosperity Partnership Co-Chair.
Washington is poised to buck this trend. "If you look at the U.W. in that same ten year time frame, we've seen a 30 percent increase overall in science technology and engineering degrees," Dr. Emmert continued. "And looking at the survey data that we get from our entering freshmen… their intention and interest in majoring in the high demand degrees has spiked, so they are hearing the message you are delivering, they may not be as prepared as we'd like them to be, but they hear that this is important.
"We need to work in collaboration in recruiting students to think about higher education…and eliminate the access issues, especially the financial ones, so they know in the eighth grade, because that is when they really drop out of school, that this [higher education] is going to be waiting for them," finished Dr. Emmert. "It's getting the students to think about and understand and realize that they are naturally going to higher education and it's a regular part of the process."
The Prosperity Partnership's Higher Education Working Group is gearing up to team up with the College and Work Ready Agenda to develop the pilot communications initiative and succeed on this effort.
For more information, contact Bill McSherry at 206-971-3269 or bmcsherry@psrc.org
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Regional Housing Strategy Working Group Recommends Consensus Strategies
The Prosperity Partnership recognizes that an adequate supply of affordable housing located in proximity to major employment centers supports the region’s businesses, workers and their families, and promotes sound economic growth. To that end, the Partnership formed the Regional Housing Strategy Working Group, a coalition that includes non-profit developers and public housing authorities, private developers and real estate professionals, local and state government housing officials and planners, local elected officials, employers, labor, and various non-profit organizations with an interest in housing issues. Chaired by Rita Ryder of the YWCA of Seattle–King County–Snohomish County and Bill Longbrake of Washington Mutual, the group was tasked with developing a consensus-based set of tools and strategies to increase access to housing for workers at all wage levels located near job centers throughout the region. At the end of its six month process, the working group has selected the following three strategies for the Prosperity Partnership to pursue as part of its 2008 Action Items:
- State Funding for Infrastructure to Accommodate Growth and Promote Affordability
- Waiver on the State Portion of the Sales Tax for Low Income Housing Projects
- Creation of a Program to Encourage Jurisdictions to Use Available Tools
The working group’s final report will be published and distributed in the coming weeks. For additional information, contact Eric Schinfeld, Senior Economic Policy Analyst, at (206) 971-3053 or eschinfeld@psrc.org.
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