Impatient with Colleges, Employers Design their own Courses

. . . . the massive problem of conventional higher-education institutions that largely operate at a 19th-century pace trying to keep up with the fast-changing demands of 21st-century employers — and an example of how tech companies and some businesses in other industries, impatient with the speed of change, are taking matters into their own hands by designing courses themselves.

. . . . “industry would be very satisfied if higher education was taking care of it . . . I don’t think there’s a desire to get into this space, other than that it’s not.”  . . . . While 96 percent of chief academic officers at higher-education institutions say they’re effectively preparing students for work, only 11 percent of business leaders strongly agree, the polling company Gallup found.

. . . . 1.8 million new tech jobs will be created between 2014 and 2024, many of them requiring people with data and computer-science credentials. Retiring baby boomers will leave countless additional positions open. But colleges and universities are turning out only about 28,000 computer-science graduates with bachelor’s and master’s degrees per year, based on the most recent figures from 2015, according to the consulting firm Deloitte.

. . . . ‘We need people with X, Y and Z skills and [colleges are] not providing that.’

click here to see full story on our emerging tech page.

GRIT is out and about in our Glendale Business Community

pictured left to right: Glendale Economic Development staff Jacqueline Bartlow and Ani Pogossian, City Councilman Vrej Agajanian, Karagozian & Case’s Vice President Zachery I. Smith, City Councilman Ara Najarian and Verdugo Workforce Development Board’s VJC staff member Jack Krikorian.

The Glendale Relationship Initiation Team (GRIT) visited science and engineering consulting firm Karagozian & Case to thank them for maintaining their business in Glendale, and to offer them services the City of Glendale may be able to provide.

GRIT has been meeting with businesses and is trying to address their individual needs. Some businesses have expressed concern about parking fees while others have asked for assistance with hiring the right talent. The team has been tasked to assist the businesses by providing resources for their needs. It has also provided employee recruitment events for local companies and helped companies with navigating the world of city codes and ordinances. VWDB and VJC staff discuss free financial incentives they have available for companies that need to retrain employees in order to retain them, on-the-job training subsidies for new employees, as well as individualized recruitment assistance and customized recruitment events they can produce for a local business.

Karagozian & Case established their business in 1945. It is an internationally recognized science and engineering consulting firm that supports a broad range of clients across different sections of defense, transportation, manufacturing, aerospace, energy, and construction industries – for technically challenging and complex problems.

K&C’s scientific and engineering services mainly fall into the following functional areas of expertise:

– Providing vulnerability assessments for a variety of man-made and natural hazards.

– Generating innovative and cost-effective structural and mechanical designs to mitigate hazards.

– Development and application of state-of-the-art analysis methodologies and software.

– Conducting testing, research and development (R&D) to advance knowledge, develop products, and validate solutions.

If you are a local Glendale business, GRIT and the City of Glendale thank you for locating and maintaining your business in Glendale. If your business would like to be contacted by the team, contact Melissa Younesian at MYounesianATGlendaleca.gov

Tax Credits for Businesses That Create Jobs

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting another round of applications for its California Competes Tax Credit Program, which makes available $75 million in tax credits to businesses that want to expand and create jobs in the state.

California Competes is available to businesses of any size, but twenty-five percent of the credits are reserved for small businesses with gross receipts less than $2 million. In addition to the tax credits for job creation, the new program offers sales tax relief on the purchase of qualified research and development equipment and manufacturing equipment.

The California Competes program was created through AB 93 and its companion bill SB 90, both adopted in 2013. Since the inception of the program, GO-Biz has awarded two companies from the 49th Assembly District over $1.5 million in total tax credits for their commitment to invest $61.5 million in California while creating 370 new jobs. While the next round of funds available is $75 million in tax credits, GO-Biz is authorized to award a total over $230 million for fiscal year 2017-18.

The California Competes application period is now open and will accept applications until Monday, August 21, 2017.