602 3rd Street East, Suite B
Bradenton, FL 34208
By Meredith Hector, program director for Bradenton
Residents of Manatee and Sarasota counties feel the painful effects of the recession daily. It won't surprise many to know that according to the Brookings Institution's Metro Monitor, of the 100 largest metropolitan areas in the country, Bradenton-Sarasota is the second-worst-performing in terms of employment, wages, economic output, home prices, and foreclosures (neighboring Tampa is the third worst).
While the current economic situation is bleak, many believe it is cyclical and will stabilize. But what about the region's ongoing workforce challenges? This area faces a dual dilemma - businesses with long-term shortages of skilled workers and low-skilled individuals who lack the necessary training to secure jobs with family-sustaining wages.
A new collaborative of public and private funders has emerged over the past year to confront those challenges head on. The Manatee Sarasota Workforce Funders Collaborative, or MSWFC as it is currently known, is an entrepreneurial alliance composed of businesses, city and county governments, educational institutions, foundations and community organizations that will strengthen and accelerate regional workforce development. It is pooling nearly $2.5 million of local, state and national funds. Those monies will be a source of flexible capital, in the form of targeted grants, for innovative projects that:
MSWFC aims to:
MSWFC is not simply a job placement program. This is an opportunity to move low-wage individuals into careers with a living wage. It is a long-term, industry-specific intervention strategy. The role of this collaborative is to serve as a workforce intermediary - organizing key stakeholders and local resources to help workers gain the skills they need and to give employers access to the skilled labor they need. There is evidence from an existing funders collaborative in Boston (the SkillWorks partnership) that program participants there earn an average $4 an hour more than their pre-enrollment wages.