Transcript Filling the Gender Gap in Academic STEM Careers: A Comparative

Women & Economic Development in the Capital Region
TedxAlbany | November 14, 2013
Cara Long
Center for Women in Government & Civil Society
Rockefeller College of Public Affairs & Policy
University at Albany
[email protected]
Economic Development Defined
The focus of economic development should be on supporting innovation,
increasing prosperity for American businesses and ensuring American
workers have the skills to remain the most productive workforce in the
world.
- David A. Sampson, former US Deputy Secretary of Commerce
 Innovation is the only sustainable source of regional prosperity.
 Talent is the key asset in fostering innovations (its about human capital).
 Building a cultural environment that supports entrepreneurial activity is
critical.
 To build an innovation region requires more collaboration than ever.
 Culturally vital communities will be accessible, affordable, applauded,
diverse, distinctive, and dynamic.
- From the US Council on Competiveness
What Is Innovation?
1: the introduction of something new 2: a new idea, method, or
device : novelty
The Innovation Index – a tool that compares a region or county of your choice
to the U.S. for assessing innovation capacity - consists of 5 Components:
1. Human Capital (30%)
2. Economic Dynamics (30%)
3. Productivity & Employment (30%)
4. Economic Well-Being (10%)
5. State Context (for reference only)
Scores for the Capital Region (78.7% overall):
• a 63.8% in Human Capital;
• a 77.1% in Economic Dynamics
• an 87.9% in Productivity & Employment
• a 100.8% in Economic Well-Being
• and a 71.3% in State Context
Human Capital
Human capital inputs are those characteristics that describe the ability of the
population and labor force to innovate.
• Educational Attainment
• Population Growth Rates
• High-Tech Employment Share
• Technology-Based Knowledge Occupations
• Our region is very educated.
29.8% of adults have some college or an associates degree. Research shows
that the some college/ associate's degree indicator has a significant effect
on GDP per worker growth.
30% of adults in our region hold a bachelor’s degree or higher – that
national average is 26.5%
Problems in Our Region
• The firms located in our region require a skilled and specialized
(high-tech) workforce: 10.5% share of total employment. Nat’l
average is 8.4%.
Economic Dynamics
This component measures local resources available to regional entrepreneurs
and businesses that encourage innovation close to home.
• Average Venture Capital
• Broadband Density and Penetration
• Establishment Churn
• Establishment Sizes
Problems in Our Region
• Our average venture capital investment per $10,000 GDP is $5.06; national
average is $52.45
• The number of small establishments (<20 employees) and large
establishments (500> employees) is lower in our region than the
for the US, 355.4 and .95 vs 373 and 1.10 respectively
* Research shows that the average share of small establishments has a
significant effect on GDP per worker growth.
Productivity & Employment
This component measures economic improvement, regional desirability, or are
the direct outcomes of innovation.
 Change in High Tech Employment
 Job Growth
 Gross Domestic Product per Worker
 Average Patents per 1,000 Workers
• Our job growth to population ratio is 1.95; the national average is
.69 suggesting that jobs are being created faster than people are
moving to the region.
• In our region, the rate of change in high-tech employment has grown by .1%
while the rest of the US has decreased by .3%. Growth in this sector suggests
the increasing presence of innovation.
• Our GDP per worker is higher than the nat’l average: $86,291 vs $79,554 as
is our patents per workers, .68 to .45 with Albany County having the highest
concentration at 1.94; the other 7 counties were lower than the US average
Economic Well-Being
Innovative economies improve economic well-being for residents because they
earn more and have in increasing standard of living.
 Average Poverty Rate
 Average Unemployment Rates
 Average Net Migration
 Average PCPI (per capita personal income) Growth
 Compensation
• The average poverty rate in our region is less than the US average, 10.3% vs
13.2%, but the number of those living in poverty has increased each year
• Unemployment is also lower, 5.4% vs 6.6%, though that too has increased
each year
• The counties of Albany, Columbia and Rensselaer are all losing residents,
while the remaining counties have gained residents with Saratoga County
having a rate of 52.6 per 10,000 residents
• Our average change in annual wage in salary earnings is slightly lower than
the US average, 3.5% vs 3.8%
State Context
While not part of the calculation of the overall index itself, this section
measures state resources available to entrepreneurs and businesses. These
resources may not necessarily be used by all businesses, but their proximity
and availability provide resources and capacity to innovate. Research and
development investment yields product innovations, adds to the knowledge
base of industry, and is a key economic growth driver.
 Science and Engineering Graduates from All Institutions
 R&D Intensity
 Industry R&D per $1,000 Compensation
*Regional data not available. NYS data will be used.
• Overall, NYS has more science and engineering grads than the US average:
4.5 out of every 1,000 vs 4.2
• R&D intensity is 1.4% of the state GDP
• Industry funded R&D falls a little lower than the nat’l average at $0.02 vs.
$0.03 per $1000
Human Capital: Women in the NYS
Workforce
 Of women 16 and up, 44% are employed |49% of men
ages 16 & up are employed
 In NYS, women comprise the following %’s of the high
tech workforce:





IT & Mathematics: 27%
Healthcare & Medical Science: 78% (accounted for in the Health
Support Occupations – Nurse, Medical Transcriptionist, Dental
Assistant, etc…)
Engineering & Architecture: 15%
Sciences: 48%
Post-secondary education: 47%
Human Capital: Educational Attainment of
Women in NYS
Economic Dynamics: Women-Owned
Businesses Per County
 Albany = 24,798, # of women owned = 7408
| 30%
 Columbia = 7,644, # of women owned = 1947 | 25%
 Greene = 5,192, # of women owned = 1448 | 28%
 Rensselaer = 10,659, # of women owned = 3,246 | 30%
 Saratoga = 18,851, # of women owned = 5,377 | 29%
 Schenectady = 11,967, # of women owned = 3,841 | 32%
 Warren = 7,410, % of women owned = 1980 | 27%
 Washington = 5,205, % of women owned = 1,674 | 32%
Economic Well-Being: Poverty
 The overall poverty rate for women in NYS is 17.4% as
opposed to 14.5% for men. In our region, Greene County
has the highest poverty rate at 16% and Saratoga County
has the lowest at 7.1%. The other counties fall between the
10-14% range.
 Poverty rates in the Capital Region vary widely by race.
 In the metropolitan area that comprises Albany,
Schenectady, Rensselaer, Saratoga and Schoharie counties,
for example, the poverty rate among whites was 9% last
year, while it was 28.9% for blacks.
State Context: STEM Educational Attainment
of Women
What is New York State Doing?
 Regional Economic Development Councils: In 2011, Governor
Cuomo created 10 Regional Councils to develop long-term strategic
plans for economic growth for their regions. A key component of
Governor Cuomo's transformative approach to economic development,
these councils are public-private partnerships made up of local experts
and stakeholders from business, academia, local government, and nongovernmental organizations.
 Capital Region Economic Development Council: At the region's
core is strategic investment in the emerging New Economy which
encompasses the area's industry clusters: bio life sciences,
nanotechnology, chemical manufacturing, semiconductor development
and clean energy production. Goals are to: leverage and collaborate;
open new doors; prepare for tomorrow; build a superhighway; bring
cities to life; celebrate and optimize our surroundings; showcase our
beauty and spotlight our strengths.
Strategies from the CREDC Plan &
The Need to Ensure Women’s Inclusion
Strategies:
• Encourage learning opportunities in STEM
• Fund start-up and early stage companies through the collective
efforts of our Regional business incubators, Chambers of
Commerce, and regional economic growth organizations.
• Facilitate internship/employment experiences as a service
both for students/graduates and employers in the area.
• Coalesce school, business, non-profit organizations and civic
leaders in joint efforts to help all students realize their
potential.
Ways You Can Get Involved
• Attend The Capital Region Economic Development Council meetings
http://regionalcouncils.ny.gov/content/capital-region
• Support existing programs and initiatives
• Become familiar with research concerning women and economic
development issues.
• Ask questions! If a new policy, program or project is introduced, ask about
women’s inclusion.
• Become a donor: The staff of the Community Foundation for the Greater
Capital Region can serve as philanthropic advisors (at no charge!) to help you
target your donation to interest areas or causes that mean the most to you.
• Volunteer. Many Capital Region organizations need the help of volunteers in
many capacities. The Stakeholders Institute is a great regional resource.
http://stakeholders.force.com/
About CWGCS & CFGCR
Mission: CWGCS seeks to deepen and broaden political access and economic
opportunities for women by strengthening the capacity of government,
nonprofit and business sectors to implement gender-responsive, inclusive and
equitable policies, practices and services
The Center for Women in Government & Civil Society is part of the Rockefeller
College of Public Affairs & Policy, University at Albany.
Mission: The mission of The Community Foundation for the Greater Capital
Region is to strengthen our community by attracting charitable endowments
both large and small, maximizing benefits to donors, making effective grants,
and providing leadership to address community needs.
Thank You for Attending
www.albany.edu/womeningov
http://www.cfgcr.org/index.php
www.facebook.com/womeningov https://www.facebook.com/CFGCR