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Talent-Driven Economic Development: A Brookings Report

12.18.2019

TALENT-DRIVEN ECONOMIC DEVELOPMENT

A new vision and agenda for regional and state economies

By: JOSEPH PARILLA and SIFAN LIU   

Oct. 2019

Excerpt:

Structural shifts in the labor market now mean that human capabilities are the fundamental driver of regional and state economic development. The collective knowledge of the U.S. population is worth approximately $240 trillion, far exceeding the value of other inputs to economic growth. Educational attainment—the core, albeit imperfect, metric for gauging knowledge and skills—is one of the best predictors of economic success for an individual, organization, or community. How talent is developed and deployed, therefore, is of fundamental concern to local and state economic development organizations. Read the full report.