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Working Together for Minnesota’s Prosperity. Minneapolis-St. Paul Regional Economic Forum December 17, 2012. Urgent Challenges Facing Minnesota. Current skills gap Gap in educated workers prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials - PowerPoint PPT Presentation
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The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator.
Minnesota State Colleges and Universities
Working Together for Minnesota’s Prosperity
Minneapolis-St. Paul Regional Economic ForumDecember 17, 2012
2
Urgent Challenges Facing Minnesota
Current skills gap Gap in educated workers
prepared for the jobs of the future: by 2018, 70% of jobs will require post-secondary credentials
College readiness gap State disinvestment in
higher education
3
Minnesota Higher Education FundingCuts significantly deeper than national average
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 $5,000
$6,000
$7,000
$8,000
$9,000
$10,000 $10,089
$8,961
$7,098
$6,382
$6,497 $6,663
$6,088
$5,221
$8,148$8,316
$7,398
$6,875
$7,364
$7,016
$6,532$6,290
MN US
Stat
e Ap
prop
riatio
n Pe
r FYE
(Con
stan
t $)
-23%
-48%
4
Other countries are prioritizing education and surpassing U.S. educational attainment
5
Twin Cities Metro Projections
Incremental Demand for Post-SecondaryCredentials
Projected Growth in DiversityTwin Cities Metro Projections
7
Actions to Ensure Minnesota’s Prosperity
1. Advance competitiveness of Minnesota’s workforce Align academic programs with workforce needs Meet demand in high-growth fields More hands-on learning through internships and
apprenticeships Prepare students on latest technology and
equipment Focus on the capabilities of the graduates
8
Actions to Ensure Minnesota’s Prosperity
1. Advance competitiveness of Minnesota’s workforce
2. Accelerate completion Increase student retention and graduation rates Reduce time to completion
9
Actions to Ensure Minnesota’s Prosperity
1. Advance competitiveness of Minnesota’s workforce
2. Accelerate completion3. Increase access and affordability
Drive efficiencies Hold to modest tuition increases Boost scholarships Provide access to sate grant program for part-time
students
10
Actions to Ensure Minnesota’s Prosperity
1. Advance competitiveness of Minnesota’s workforce
2. Accelerate completion3. Increase access and affordability4. Grow the pipeline
Align assessment measures Provide targeted remediation to students not on
track Expand early college credit options Better inform students about workforce needs
11
Outcomes that will Advance Minnesota’s Prosperity
Academic programs aligned with workforce needs
More graduates with hands-on experience and on state-of-the-art equipment and technologies
More graduates in critical high-demand, high-growth professions
Skills gap reduced Affordability enhanced Increased enrollment, particularly
among underserved communities Improved degree completion rates
Human capital is the most important asset for economic prosperity
12
Invest Early
Graduate high school college ready
Close the Achievement Gap
Improve college completion
Close skills gaps
Ensure all of our children are ready to learn.
Ensure all children our positioned to succeed
Align graduation standards with college readiness
Improve college success rates
Ensure human capital has the technical and foundations skills needed by workforce
1
2
3
4
5
MSP can be the most prosperous metro area if we:
Grades 10 – 14 redesign
Example initiative
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