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Title: 21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report

Abstract

The 21st Century Jobs Initiative has been launched in the context of new realities in Washington, D.C., rapid restructuring of the US economy and accelerating changes in the makeup of the East Tennessee economy driven by these and other external economic forces. Continuing downward pressure on Federal budgets for programs that support three key institutions in the region - DOE`s Oak Ridge complex, the Tennessee Valley Authority and research programs of the University of Tennessee - are especially threatening to the region. With a large part of its economy dependent on Federal spending, the area is at risk of troublesome impacts that could ripple out from the Oak Ridge and Knoxville home of these institutions throughout the entire 15-county {open_quotes}Resource Valley.{close_quotes} As these economic forces play out in the region`s economy, important questions arise. How will East Tennessee {open_quotes}earn its living{close_quotes} in the future if the Federal government role in the economy shrinks? What kind of new industries will be formed to replace those at risk due to Federal cutbacks and economic restructuring? Where will the jobs come from for the next generation of job seekers? These are among the questions driving the 21st Century Jobs Initiative, an action-oriented programmore » designed and implemented by local leaders in response to the economic challenges facing East Tennessee. Fortunately, the region`s economy is strong today. Unemployment is at near record lows in most counties. Moreover, leaders are increasingly aware of the threats on the horizon and are already moving to action. And the impacts from the forces at work on the economy will probably come slowly, over the next decade or so. Based on economic research and input from local leaders knowledgeable about the economy, the 21st Century Jobs Initiative has set forth a strategic economic development plan for the region.« less

Publication Date:
Research Org.:
Tennessee`s Resource Valley, Knoxville, TN (United States)
Sponsoring Org.:
USDOE Office of Energy Research, Washington, DC (United States)
OSTI Identifier:
589287
Report Number(s):
DOE/OR/22366-T1-Pt.2
ON: DE98004751; TRN: 98:001877
DOE Contract Number:
FG05-94OR22366
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: Nov 1995
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING AND POLICY; TENNESSEE; ECONOMIC DEVELOPMENT; INDUSTRY; EMPLOYMENT; PLANNING; ADVERTISING

Citation Formats

NONE. 21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report. United States: N. p., 1995. Web. doi:10.2172/589287.
NONE. 21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report. United States. doi:10.2172/589287.
NONE. Wed . "21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report". United States. doi:10.2172/589287. https://www.osti.gov/servlets/purl/589287.
@article{osti_589287,
title = {21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report},
author = {NONE},
abstractNote = {The 21st Century Jobs Initiative has been launched in the context of new realities in Washington, D.C., rapid restructuring of the US economy and accelerating changes in the makeup of the East Tennessee economy driven by these and other external economic forces. Continuing downward pressure on Federal budgets for programs that support three key institutions in the region - DOE`s Oak Ridge complex, the Tennessee Valley Authority and research programs of the University of Tennessee - are especially threatening to the region. With a large part of its economy dependent on Federal spending, the area is at risk of troublesome impacts that could ripple out from the Oak Ridge and Knoxville home of these institutions throughout the entire 15-county {open_quotes}Resource Valley.{close_quotes} As these economic forces play out in the region`s economy, important questions arise. How will East Tennessee {open_quotes}earn its living{close_quotes} in the future if the Federal government role in the economy shrinks? What kind of new industries will be formed to replace those at risk due to Federal cutbacks and economic restructuring? Where will the jobs come from for the next generation of job seekers? These are among the questions driving the 21st Century Jobs Initiative, an action-oriented program designed and implemented by local leaders in response to the economic challenges facing East Tennessee. Fortunately, the region`s economy is strong today. Unemployment is at near record lows in most counties. Moreover, leaders are increasingly aware of the threats on the horizon and are already moving to action. And the impacts from the forces at work on the economy will probably come slowly, over the next decade or so. Based on economic research and input from local leaders knowledgeable about the economy, the 21st Century Jobs Initiative has set forth a strategic economic development plan for the region.},
doi = {10.2172/589287},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Nov 01 00:00:00 EST 1995},
month = {Wed Nov 01 00:00:00 EST 1995}
}

Technical Report:

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  • The business and community leaders who participated in a four-month long series of working groups developed business plans for initiatives which would lead to further growth and competitiveness of each of the industrial clusters. This appendix contains those business plans as they stood at the end of the working group session mid-September, 1995.
  • This document summarizes the principal findings, conclusions, and recommendations of the first year of the 21st Century Jobs Initiative. Launched by leaders of the the 15-county {open_quotes}Resource Valley,{close_quotes} the Jobs Initiative is an action-oriented strategic plan that responds to the region`s most pressing economic challenges. Department of Energy funds have supported the initiative and Tennessee`s Resource Valley, the region`s premier marketing and promotion organization, has spearheaded the project. Consulting assistance has been provided by a team lead by DRI/McGraw-Hill`s Economic Competitiveness Group and IC{sup 2}, Dr. George Kozmetsky`s organization affiliated with the University of Texas at Austin. The consultants havemore » developed several reports and other materials that may be of interest to the reader.« less
  • East Tennessee was given a {open_quotes}wake-up call{close_quotes} with regards to its current economic situation and its future employment opportunities in the report, East Tennessee`s 21st Century Jobs Initiatives: Building the Foundations for a 21st Century Economy, by DRI/McGraw-Hill and IC{sup 2} Institute. The foundations of the East Tennessee economy were analyzed and measured to raise awareness of immediate and future challenges for the region`s policy makers and business leaders. The region is technology rich with a nationally and internationally competitive knowledge base. The challenge is to develop this capacity and to exploit existing and new-to-the-world technologies for commercial purposes. Howmore » the region organizes itself to incubate, fund, and build an economic infrastructure around emerging technologies will reflect its commitment to shift from a public-sector-driven economy to a private-sector-driven economy. While the region has survived and thrived on federally funded, large-scale programs and projects, this report - East Tennessee`s 21st Century Jobs Initiative: Creating Wealth for a Sustainable Economy - suggests that incremental steps within the region are necessary to enhance the quality of the region`s education, infrastructure, business support and finance; maintain the region`s natural assets and quality of life; and overcome independence and competitiveness challenges. The proposed course is focused and measurable. It takes into account the three elements of technology-based regional economic development discussed throughout the 21st Century Jobs Initiative: (1) industry retention, relocation, and expansion; (2) entrepreneurship; and (3) alliance building for leveraged economic development This report provides an overview of regional research capabilities and technology development activities and suggests a scorecard on which progress can be measured in the transition from a public to a private sector-driven economy.« less
  • Tennessee`s Resource Valley, a regional economic development organization, was asked to facilitate a two-year, $750,000 grant from the Department of Energy. The grant`s purpose was to make the East Tennessee region less dependent on federal funds for its economic well-being and to increase regional awareness of the advantages of proximity to the Department of Energy facilities in Oak Ridge. The mission of Tennessee`s Resource Valley is to market the business location advantages of mid-East Tennessee to corporate decision makers and to facilitate regional initiatives that impact the creation of quality job opportunities. Tennessee`s Resource Valley represents fifteen (15) counties inmore » East Tennessee: Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Jefferson, Knox, Loudon, Monroe, Morgan, Roane, Scott, Sevier and Union.« less
  • Tennessee`s Resource Valley, a regional economic development organization, was asked to facilitate a two-year, $750,000 grant from the Department of Energy. The grant`s purpose is to make the East Tennessee region less dependent on federal funds for its economic well-being and to increase regional awareness of the advantages of proximity to the Department of Energy facilities in Oak Ridge. Tennessee`s Resource Valley`s mission is to market the mid-East Tennessee region`s business location advantages to corporate decision makers and to facilitate regional initiatives that impact the creation of quality job opportunities. Tennessee`s Resource Valley represents the following fifteen (15) counties inmore » East Tennessee: Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Jefferson, Knox, Loudon, Monroe, Morgan, Scott, Sevier, and Union.« less