In the new knowledge based economy, education and workforce development are critical.
- For individuals, they will need skills beyond those learned in high school in order to get started on career paths and in order to advance they'll need to keep upgrading those skills.
- For businesses to compete, they need top-class talent that understands that innovation is linked to productivity.
- For communities to compete, they need substantial pools of talented workers that are available today, as well as in the pipeline (in education and training venues) for tomorrow.
In the past, Brandon mayors who have wanted to strengthen the economy offered incentives such as tax breaks, expansion loans, site acquisition and zoning assistance to attract or retain businesses to build advantage. The thinking was that by lowering the cost of those assets, Brandon gained a competitive advantage as a business location.
But there is always somewhere that can (and will) offer a better deal. And in today's economy, it is the human assets are where value and wealth are being created.
Times are changing. Knowledge creation and the lack of skilled workers have become core economic concerns. The last couple of MNP Brandon Business Climate surveys showed that businesses are not finding people with the skills they need. And since skills determine a person's income potential, if we want Brandon to become more prosperous, we need people living in Brandon to have higher skills and higher incomes.
To be competitive and attract those kinds of businesses and those kinds of people, Brandon needs to create more than a good business climate, we need to create a good people climate. Because for those very mobile, talented workers, quality of place and quality of life are paramount concerns. And Brandon has the opportunity to be very competitive in those two areas. They are not luxuries for our economic strategy, but must haves- to attract and retain the workforce that we will need to build the new economy in Brandon.
