Goal: develop, retain, and attract talent
The concept of talent means more than a skilled workforce. It means recruiting talented people as well as cultivating the talent pool represented by groups as diverse as students, retirees, and entrepreneurs. It also means ensuring that the employees and companies that have been responsible for a community’s growth continue to see a reason to remain in the area.
National demographic trends, most notably the aging of the baby boomers, suggest that demand for workers may soon outstrip supply. As a result, competition for labor is expected to increase among companies as well as communities, even in times of higher unemployment.
Focusing on the development, attraction, and retention of talent should, therefore, be an important part of any economic development strategy.
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