High Unemployment
Persistent unemployment in certain demographics and geographic areas limits economic mobility, reduces tax revenue, and contributes to social problems, while available jobs often don't match worker skills.
Ways to address it
3 approaches- Entrepreneurship and Small Business SupportEstablish business incubators, provide microloans and technical assistance for startups, create one-stop permitting processes, and offer entrepreneurship training to help residents create their own employment opportunities.
- Local Hiring and Procurement InitiativeImplement local hiring requirements for public projects, provide preferences for local businesses in government contracting, and create programs connecting unemployed residents with local job opportunities and training.
- Workforce Development and Skills TrainingPartner with employers to provide job training in high-demand industries, establish apprenticeship programs, upgrade community college facilities, and create career pathway programs for unemployed and underemployed residents.