ECONOMIC TRENDS
EXTERNAL
There is a growing demand by employers for mid level prepared students (included
associate’s level). In 2002-03, the most recent year for which data is available, the
current supply represents only 83% of demand. This imbalance is expected to grow in
the coming future. There needs to be a significant increase in the sub-baccalaureate
capacity.
The current supply of those holding a baccalaureate exceeds the entry level demand as
well as the ultimate demand (required training after entry). There is a mismatch between
the supply and demand of workers at the baccalaureate level and above. Washington
does not produce enough graduates at those levels to meet employer demand for workers
in computer science, engineering and health care.
The Internet and new and emerging wireless technologies will have major effect on the
states economic infrastructure in manufacturing, service delivery and consumption.
The gap between the wealthy and those at the middle and bottom levels of wealth will
continue growing nationally and in Washington State.
Alternative energy industries are expected to prosper if Washington State supports
effective Economic Development incentives.
INTERNAL
The anticipated reduction in state funding will required to college to pursue alternate
funding sources such as partnerships, grants and contracts.
Increase reliance on emerging wireless technologies will have a significant impact on
student’s expectations of shorter or instantaneous response time, and requirement for
training at industry level technology
Need to improve and expand recognized programs in health science, auto, biotech and
music.