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Plan <br />e o a, a `i +n; Data presented represents projected earnings of those employed in occupations directly related to the priority <br />high -value industry sectors and subsequent development of related regional sector pathways. <br />Re0on:al CoaUO bieetive; Targeted and meaningful business/industry engagement that identifies industry needs to be <br />incorporated in the development of regional sector pathways and industry relevanUdemand- driven programs <br />Strategy; Identify good paying jobs and focus regional sector pathway development around occupations with projected <br />growth and abundant opportunities. <br />Sta +.e Nan AHgnrnent: Foster demand-driven skills attainment responsiveto key high-value industries. <br />The table below shows a comparison of the foregoing wage level in each industry segment that has been identified in the <br />regional sector pathway programs to median wages in the Orange County RPU. The Information Technology and Healthcare <br />sectors show the largest positive differential, while the Manufacturing sector is on par with median wages. However, the <br />Hospitality and Tourism sector falls considerably short of median wages. <br />Industry Sector: <br />*Average Middle Skill Ineome <br />ParceHf Dlfferentialifrpm Median Wage j <br />Manufacturing <br />$34,753.00 <br />1.0% <br />Information Technology <br />$63,812.20 <br />85.4% <br />Healthcare <br />$54,319.17 <br />57.8% <br />Hospitality and Tourism <br />$26,429.76 <br />-23.2% <br />Declaration: Comparison of foregoing wage levels to the median wage in the OC Region RPU shows the IT and <br />Healthcare sectors as industries with the highest differential from median wages. <br />Regional Go aI[Objactive: Targeted and meaningful businesslindustry engagement that identifies industry needs to be <br />incorporated in the development of regional sector pathways and industry relevant/demand- driven programs <br />Strategy: Identify good paying jobs and focus regional sector pathway development around occupations with projected <br />growth and abundant opportunities. <br />State Plan Alignment: Foster demand - driven skills attainment responsive to key high -value Industries. <br />The State Board recognizes that not all jobs are good jobs and that education and training alone will not solve the problem of <br />poverty. There is a hidden cost to low wage work that is ultimately borne by communities, particularly communities of color <br />and immigrant populations. The State Board is committed to developing a workforce system that enables economic growth <br />and shared prosperity on the basis of innovation, quality, and skills attainment rather than low wages, contingent employment, <br />and low or no benefits. As such, the OC Regional Plan partners and providers guided by the state plan make it a priority to <br />work with businesses who offer jobs with good wages and benefits. These employers support ongoing skills training and <br />encourage employee advancement. They provide good working conditions (including paid sick days, paid family leave, and <br />paid medical or short -term disability leave), and adequate hours with predictable schedules that enable employees to meet <br />their family caregiving commitments. <br />Declaration: The three local boards will conduct ongoing research and analysis on critical drivers of Orange County's key <br />Industry sectors. This enables the identification of workforce opportunities in high growth, high wage occupations that are <br />aligned with the OC Regional Plan's overall goals. Key businesses In industry sectors have already been identified and <br />engaged, with the majority participating in workforce or workforce - related programs and activities. <br />R e g 1 o n a I G o a 110 bj e cti ve: Targeted and meaningful businesslindustry engagement to Impact high -value sector stability <br />and growth. Offer in- demand training /education to create pathways to higher wage occupations that will influence workers' <br />abilities to work and reside in the OC Region. <br />Page 32 <br />1901-47 <br />