DT #455 Walking the Economic Development Tightrope

May 10, 2023

Walking the Economic Development Tightrope

For many of us, there has been a fundamental shift in how we approach economic development. As the job market has tightened the challenge of bringing in a new project has increased exponentially. How do we continue to look for opportunities when our current employers can’t fill their staffing needs?

• Everyone loves the new announcement and golden shovel ceremonies
• How does that play with our existing companies?
• 750,000 jobs are unfilled in the manufacturing sector
• Deloitte Insights predicts that 2.1 million manufacturing jobs will remain unfilled in the U.S. alone by 2030
• Worker shortage and a skills Gap