unveiling the 2013 rankings todd klingel president & ceo minneapolis regional chamber of...
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Unveiling the 2013 Rankings
Todd KlingelPresident & CEO
Minneapolis Regional Chamber of Commerce
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Three key areas of importance:
Business ClimateWorkforce Development
Quality of Life
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G
Letter GradesMSP Rankings within Peer Group
A = 1 B = 2 - 3 C = 4 - 6 D = 7 - 8 F = 9
Overall Rankings12/50
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Business Climate
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Unemployment Rate Group Rank Region Overall Rank
1 Minneapolis-Saint Paul 2/49
2 Austin 4/49
3 Boston 5/49
4 Kansas City 11/49
5 Phoenix 20/29
6 Seattle 21/49
7 Denver 25/49
8 Portland 28/49
9 Atlanta 37/49
10 San Diego 40/49
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Job Recovery
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Job Recovery
Total jobs lost 160,000 Total number of jobs recovered 150,000
February 2008 - March 2013
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Group Rank Region Overall Rank
1 Austin 1/100
2 Seattle 18/100
3 Denver 20/100
4 Phoenix 21/100
5 Minneapolis-Saint Paul 34/100
6 Portland 36/100
7 Atlanta 37/100
8 Boston 39/100
9 San Diego 57/100
10 Kansas City 59/100
Job Growth
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Goal 500 Workers
580 enrollees468 industry-recognized credentials
420 living wage jobs
RENEWRenewable Energy Networks Empowering
Workers
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Regional Exports
Minneapolis - St. Paul Export Initiative aims to double the regions exports by 2017
$31.2 billion in revenue in 2011
Up $200 million from the previous year
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Cost of Doing BusinessGroup Rank Region Overall Rank
1 Kansas City 90/200
2 Atlanta 96/200
3 Portland 106/200
4 Denver 130/200
5 Phoenix 131/200
6 Minneapolis-Saint Paul 156/200
7 Seattle 161/200
8 Austin 165/200
9 San Diego 176/200
10 Boston 199/200
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Workforce Development
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Workforce Development
Regional Analysis & Outreach UnitAnalysis and Evaluation Office
Labor Growth will Slow
MN Demographic Center
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High School Graduation Is No Longer Enough
• 70% of Minnesota job openings will require at least some college--63% nationally
• In 1973, 28% of job openings required some college
• Minnesota is the 3rd most education intensive job market in the nation
• Nationally, college degrees conferred will need to increase by 10% a year by 2018 to meet the demand for skilled workers and avoid slower economic growth
Georgetown Univ Center for Education and The Workforce
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Education Achievement Gaps Are LargeMinnesota High School Graduation Ratio
47%
73%
52% 51%
85%
53%61%
78%
92%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2009-10 Mn Dept of Education 5 year graduation rate. Percent of 9th graders who graduate within 5 years. ACS 2009
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White Black Ratio2010 6.4% 22% 3.432012 5.0% 13.1% 2.62.
Sources: EPI estimates based on data from the Current Population Survey and the Local Area Unemployment Statistics from the Bureau of Labor Statistics, and December 2012 projections from Moody’s Economy.com
MinnesotaBlack and White
Unemployment Rates
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Ban the Box
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Quality of Life
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SafetyGroup Rank Region Overall Rank
1 Minneapolis – Saint Paul 3/35
2 San Diego 6/35
3 Austin 8/35
4 Portland 13/35
5 Seattle 14/35
6 Denver 15/35
7 Kansas City 16/35
8 Boston 17/35
9 Phoenix 21/35
10 Atlanta 34/35
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Safety
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Safety
Year to Date in the DIDViolent Crime is down 22% during the day
Violent Crime is down 27% during the evening
Year to Date in Downtown OverallPart 1 Crimes down 5%
Violent Crime is down 20%
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Transit
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Miles of LRT in regional systemRegion Miles
San Diego 74
Portland 52
Denver 35
Austin 32
Boston 22.6
Phoenix 20
Seattle 15
Minneapolis – Saint Paul 12
Atlanta 0
Kansas City 0
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