A “Marshall Plan” to Develop and Attract Talent
Tuesday, August 14, 2018
When businesses are considering where to set up shop or expand existing operations, one of the driving influences behind their decision is access to talent.
According to Area Development’s most recent surveys, the availability of skilled labor ranked among the top three site selection factors for corporate executives and consultants. In fact, 98 percent of consultants said access to talent is affecting their clients’ new facility or expansion plans, with the lack of advanced skills, in particular, cited by 92 percent of those surveyed. This talent gap — between the workforce we have and the one employers need — is not just a growing concern for businesses, but also for states and cities across the country.