What can the Commonwealth do to meet the human capital requirements
of tomorrow’s ecomony?
Complexity, diversity and an extraordinary
rate of change will characterize the economic and workforce development
arenas of
the 21st century. Globalization and an ever-increasing use of technology
will impact businesses like never before. In addition, whereas low business
costs were a primary determinant for business location or expansion decisions
in the past, the availability of a skilled labor pool and enhanced quality
of life will drive these decisions in the future. Virginia must now prioritize
the task of creating a workforce advantage that is both globally and
domestically competitive. It must establish an approach that will grow,
recruit and retain the necessary workforce talent. It must leverage its
public and private sector resources in an unprecedented manner to meet
this challenge.
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