Human Capital and a Trained Workforce: Develop human capital and a skilled and trained workforce to implement economic development strategy and increase productivity, growth and innovation.
A knowledge-based economy, heightened competition in globalized markets, and the quickening pace of change make continual innovation, commercialization and business creation imperative for economic success. It is necessary to promote a city in which residents from all backgrounds have access and opportunity to gain and retain well-paying employment that allows them to grow as individuals; a city where employers find the skilled workforce they need to thrive and grow; and a city where ethnic diversity in all fields of entrepreneurship is supported. Employment and training practices as well as opportunities for entrepreneurship will need to adapt to demographic and technological changes to promote growth for all segments of the city’s population and to create a sustainable entrepreneurial environment.
The City will seek to accomplish the following action steps to develop human capital and a skilled and trained workforce to implement economic development strategy and increase productivity, growth and innovation.
- Design workforce development programs and create partnerships that work to eliminate race-based employment disparities.
- Invest in strategies and high-quality community-based and culturally appropriate employment programs that serve to remove barriers to holding a living-wage job and achieving economic self-sufficiency.
- Focus resources and efforts on building and maintaining a skilled and employable workforce through education, placement and training.
- Focus resources and efforts on connecting residents to new job creation and income-generation activities in ways that promote self-reliance and create an agile workforce.
- Invest in Minneapolis youth through high-quality employment programs that expose teens to work, education, entrepreneurship and career pathways.
- Invest in Minneapolis adults through high-quality apprenticeships and career pathways.
- Invest in human capital development in advanced manufacturing and in roles unlikely to be replaced by robotics, automation or other disruptive technologies and systems.
- Promote healthy, safe and equitable workplaces.
- Support creative sector workers through training and skill building.