Reprioritize Diversity, Equity & Inclusion Initiatives
1 Dec 2022
Amid increasing recession concerns and mounting pressure from key stakeholders to mitigate supply chain disruption risks, industrial products (IP) sector leaders continue to grapple with workforce issues, leaving social commitments like DEI initiatives to fall to the back burner. These initiatives involve strategies to attract and retain a diverse workforce, implementing programs to increase inclusion, and supporting community values, all while measuring company progress for accountability along the way. With so many investors increasingly advocating for improved DEI efforts, it is no longer a nice to have, but a must.
The passage of the 2022 Inflation Reduction Act (IRA) bolstered an unprecedented opportunity for states and cities to invest in sustainable infrastructure that was introduced in the 2021 $2 trillion bipartisan Infrastructure Investment and Jobs Act (IIJA). Both acts, along with a new crop of related programs, include...
Innovation Corridors UpdateDec 1 2022
Products coming out of U.S. centers of innovation are ramping up the economies of cities/regions across the country, shortening critical supply lines, and, in the case of some newly announced projects, helping ensure national security. Some of the breakthroughs will eventually find their way into space missions. Read...
Raising Local Labor Force ParticipationDec 1 2022
Businesses across the country, in communities large and small, have been challenged to find workers since well before the pandemic. As of November 2022, there were about four million more job openings than available workers, equal to about 1.7 open positions for every person looking for a job. To...