TIP Strategies is a privately held Austin-based economic development consulting firm committed to providing quality solutions for public and private‑sector clients.
This blog is dedicated to exploring new data and trends in economic development.
By: Karen Beard (Intro)
In recent years, the widespread availability of high speed internet access coupled with a proliferation of new technologies and the growth of transparency movements like the federal Open Government Initiative, have resulted in dramatic growth in data visualizations. In its broadest sense, the term applies to any pictorial representation of data including charts and infographics. But the true power of data visualization is best seen when the tools are applied to enormous data sets to reveal patterns that would otherwise be impossible to discern.
A new interactive data visualization from Ben Schmidt, an assistant professor of history at Northeastern University and core faculty at the NuLab for Texts, Maps, and Networks, is an example of this power. Schmidt’s flow diagram—presented under the heading “What are you going to do with that degree?”—visualizes employment and education data from the American Community Survey. The figure explores the relationships between college majors and professions.
In many cases, the data reflect the common wisdom that many people work in fields unrelated to their degree. For example, less than half of people employed as police officers have degrees in criminal justice. The visualization also highlights differences in employment outcomes between narrowly focused degrees and those that are more academic. As might be expected, career-specific degrees such as nursing and education, have more consistent outcomes while broader fields of study, like mathematics and communications, feed into a more disparate array of professions.
Additional data visualizations created by Mr. Schmidt can be found here.
By: Caroline Alexander & Siobhan Dilly, TIP Strategies
Via: TIP Strategies
In early May, the White House announced the Investing in Manufacturing Communities Partnership (IMCP) in an effort to grow the US manufacturing sector. The Economic Development Administration has allocated $4 million to support the development of 20 to 25 regional strategies. The EDA provides the following description of these projects:
“Successful projects will be regional in scope and focus on manufacturing sectors that demonstrate comparative advantages in the marketplace. Competitive applications should emphasize public-private and higher education collaboration. In addition, they will target investments that help stakeholders within a region to collaborate and build on existing regional assets to create a supportive regional economic ecosystem for business investment and innovation, increased international trade and exports, the creation of good jobs, and improved quality of life.”
The recipients of this round of funding will be eligible to compete in Phase Two of the IMCP, which will award six “challenge” grants of up to $25 million each. These Phase Two grants are intended to be supplemented by coordinated investments from several other federal departments and agencies.
Example projects include specialized research centers at local universities; business incubators focused on targeted technology sectors; community college programs to train workers in targeted industries; public works projects to upgrade infrastructure or enhance energy efficiency; viable export promotion plans; and well-integrated supply chains.
Phase One will be funded through the EDA’s Economic Adjustment Assistance program and can be up to $200,000. Grant applications are due June 13. For more information on how to apply, download the EDA’s PDF here.
This is an exciting opportunity. Please contact us now if you need any help pursuing it.