CWDC Celebrates Partnership During Economic Development Week
May 9, 2019 - This week the CWDC joins with the Colorado Office of Economic Development & International Trade (OEDIT), the Economic Development Council of Colorado (EDCC), and other economic development stakeholders in celebration of Economic Development Week May 6-11. As a partner of both OEDIT and EDCC, the CWDC is celebrating the diverse ways workforce development and economic development work together to strengthen our economy.
Retaining, growing, and attracting businesses is crucial to a strong economy, and having a skilled labor force in place is important in making that happen. As a result, workforce development and economic development become key partners in ensuring businesses have access to skilled talent and students and job seekers have access to meaningful careers.
In February, the CWDC met with workforce leaders, economic development representatives, and chamber of commerce representatives at the first TalentFOUND Quarterly Conversation to discuss their roles in talent development and ways to further collaborate across systems to improve the talent development ecosystem. Additionally, each year the CWDC and OEDIT work with other state agencies to produce the Talent Pipeline Report, which analyzes Colorado’s economic demands and talent supply to assess where Colorado stands in forging a strong future workforce. Among other findings, the 2018 report highlighted a projected decrease in net migration to Colorado, suggesting that the state must find ways to fortify the home-grown talent pipeline.
As Colorado’s economy remains strong and the state faces a shortage of skilled workers, it is important for workforce and economic development to continue to engage underutilized talent pools and help them join the labor force.
The CWDC looks forward to our continued partnership with OEDIT, EDCC, and other economic development stakeholders as we work to strengthen opportunities for Coloradans.