WORKFORCE AND INNOVATION FOR A
STRONGER ECONOMY (WISE) PLAN
• Strategically aligns $40 million of NEW investment in
higher education with emerging economic growth
sectors
• Distributed competitively via defined performance
measures:
• 20% - Federal research expenditures
• 80% - Degree production in 4- and 5-STAR jobs as
indicated by the LA Workforce Commission
• Requires 20% industry match to spur private
investment in colleges and universities
2
WORKFORCE AND INNOVATION FOR A
STRONGER ECONOMY (WISE) PLAN
• Examples of 4- and 5-STAR jobs:
• Computer Science
• Construction Crafts
• Education
• Engineering
• Finance and Accounting
• Healthcare
• Industrial Production
• This DOES NOT diminish the importance of liberal
arts and other degrees.
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WORKFORCE AND INNOVATION FOR A
STRONGER ECONOMY (WISE) PLAN
• Proposed bill language:
• Establishes a NEW FUND in the state treasury
• Directs state treasurer to deposit funds at
beginning of each fiscal year
• Funds are IN ADDITION TO all other funds allocated
to higher ed
• LA Board of Regents and management boards shall
distribute the funds
• Funds will be monitored by Board of Regents,
Higher Ed Systems, LED, and LWC
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MACRO STRATEGIC
FRAMEWORK
• Expand student access
including online/hybrid
learning and community
college transfers and
reverse transfers
• Improve student success
through increasing
retention rates,
graduation rates, and
completions
• Expand private partnerships
and program alignments with
business and industry.
• Facilitate student and
employer connections
prior to graduation
• Maximize faculty
expertise/excellence,
uniqueness, and
collaborations
• Grow university research
and commercialization and
technology transfer
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ANALYTICS DASHBOARD
http://youtu.be/qq_5ElX6i4M
http://youtu.be/vNQpYmAlch0
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http://vimeo.com/50843758 http://vimeo.com/65347981
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ACADEMIC PRODUCTS
Applications to help students
improve success in college
Personal Ed Plan
Q&A Stream
Course Data
Schedule Planning
9
PROFILE & SKILLS PLATFORM
Public profile for students to
consume data and tell their story
Student Profile
Skills & Credentials
Jobs match for students
10
INSTITUTION & EMPLOYER
PRODUCTS
Institution & employer solutions to
improve student job outcomes
Self-serve job posting
Talent Search
Talent Scout
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SYSTEM MARKETPLACES
216,000 students / 325,000 alumni
90,000 students / 175,000 alumni
35,000 nursing students
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COMPARATIVE DATABASE
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Publication of scholarship work
Citations to published journal articles
Research funding by federal agencies
Honorific awards bestowed upon
faculty members
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K-12
Economic
Development
Higher
Education
Workforce
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K-12
Economic
Development
•LOSFA’S LOUISIANA
CONNECT
•Academic/Career Path
Insight for H.S. Students
•H.S. Students Engaged
Earlier in College/Career
Higher Ed
•COLLEGES & UNIVERSITIES
•Academic Planning Tools
•Internship & Job Placement
Connections to Employers
•Program Alignment
•Faculty & Research
Expertise
Workforce
•LA WORKFORCE
COMMISSION STAR JOBS
•LA Employer Needs
•Workforce Pipeline &
Forecasting
•LOUISIANA ECONOMIC
DEVELOPMENT
•Employer Field Insight
•Business Recruitment
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