Goal: Saginaw County will increase employers and industries in the area in knowledge, high-tech, and medical industries.
Percentage of workforce in occupations representing high-skill, high-wage, high-growth jobs (2008-2012).
Why This Indicator is Important
A key measurement to economic growth is analyzing the growth in knowledge fields. Alongside post-secondary education, types of employers and median income can determine a community’s economic health and well-being.
How Are We Doing?
In high growth industries, Saginaw County’s wage is currently similar to the state (about $39,000 to about $46,000). Interestingly, since 2008, the pay in high growth industries in Saginaw has decreased by 50% ($82,000 in 2008), while the state average has remained at bout $45,000. However, high growth industries in Saginaw continue to be linked to manufacturing (even with an 8% decrease/1,200 in real jobs), health/technology (an increase of 22% or 2,400 real jobs) and service, specifically in health and education; but more so within healthcare and service support professions. In Michigan, service industries, scientific and technology, and medical fields are those which are growing. Data shows that growth predictions by education attainment are primarily in technology and healthcare. The majority of change in Saginaw County is in manufacturing--shifting from automotive to highly skilled technical in medicine and technology--while its largest firms remain within the education, medical and technological sectors.
How Can You Have An Impact?
- Support and bring together innovative, inventive and creative people.
- Work with local business leaders to develop a knowledge economy plan.
- Find ways to provide educational opportunities across the lifespan of the county’s workforce.