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Workforce Development

Given today’s business realities, communities cannot maintain, attract and grow business without addressing workforce quality, which consistently ranks among the key deciding factors in business location and expansion decisions. CGR recognizes the growing concerns about future economic competitiveness, and has responded by marshaling resources to help address workforce issues.

Featured Research

Assessing Long Island’s Entrepreneurial Development & Support Network

 

As part of the Town of Hempstead’s (NY) federally-funded Regional Innovation Grant, CGR produced a comprehensive review of strengths, weaknesses, opportunities and threats in Long Island’s entrepreneurial development and support network.  The analysis identified economic clusters with the greatest business startup potential; assessed the degree to which entrepreneurs are tapping federal, state and local assistance (both financial and operational); and inventoried the network of available business resources in the region.

 
 

Enhancing Entrepreneurial Success Rates on Long Island

 

Building on the previous SWOT analysis, CGR then formulated a series of policy recommendations for enhancing entrepreneurial success rates on Long Island.  Strategies included more strategic and proactive use of workforce data; a framework for more aggressively informing budding entrepreneurs about existing financial and operational resources; and an up-front evaluation mechanism that helps target assistance to business startups with the greatest chance of success.

 
 


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