Jay Moon, Immediate Past-Chair of the International Economic Development Council and current President and CEO of the Mississippi Manufacturers Association, addressed the Mississippi Economic Development Council today on the subject of Trends in Economic Development. Here are my notes from his remarks:
Global competition will increase;
Attracting capital will be more difficult;
Budget cuts will increase;
Business closures and downsizing will occur at a more rapid pace;
There will be an absolute need to increase efficiency in the business community;
Accountability will be the rule – for everyone;
Natural and man-made disasters will continue to affect economies and businesses;
Energy markets will be shifting; and
There will be multiple labor market and workforce challenges.
Education is the key to economic development
ARTICLE – MSU’s Stennis Institute Assists Schools (2-27-2013)
Education is the key to economic development. Industries need problem-solvers: educated, trainable workers who can go above and beyond classroom instruction.
Strategic planner Phil Hardwick has seen it time and again in his work as a project manager with Mississippi State University’s John C. Stennis Institute of Government and Community Development. Over the past three years, he’s worked with 13 Northeast Mississippi schools to increase the numbers of students admitted to college. More…
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Tagged Appalachian Higher Education Initiative, appalachian regional commission, economic development, Louisville High School, phil hardwick, Stennis Institute of Government