April, 2008
Ashland Area Council for Economic Development Newsletter


In This Issue
Business Succession Planning
ACWHCC Externship Program
Exporting Workshop

Take Our Daughters and Sons to Work Day - Thursday, April 24, 2008

Designed to be more than a career day, the Take Our Daughters And Sons To Work® program goes beyond the average "shadow" an adult. Exposing girls and boys to what a parent or mentor in their lives do during the work day is important, but showing them the value of their education, helping them discover the power and possibilities associated with a balanced work and family life, providing them an opportunity to share how they envision the future and begin steps toward their end goals in a hands-on and interactive environment is key to their achieving success.

Click here for more information.

North Central Ohio's Training Workers to Advance Grant

Now Available


The North Central Region of the Ohio Department of Development has been awarded more than $500,000 incumbent worker training dollars to assist manufacturing employers in the upgrading of their staff's skills as well as the advancement of the overall company. Approximately $71,000 is available for disbursement to Ashland County manufacturers that have a specific training need, such as imparting new skills to the employees or diversifying the company's product or service offerings via new training concepts. However, the grant is not intended to subsidize regular training, such as OSHA or orientation programs. The minimum payment required of the employer is 25% of the training program's total cost, with the grant awards limited to $150 per training hour. Registration is fairly simple and uncomplicated, as North Central State College is coordinating each training project. Other area schools or certified private trainers are also eligible training providers. All Ashland County applicants will meet with a local committee of workforce and economic development professionals to seek approval of the application. Please contact us today if interested.
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Dear Reader,
"OPPORTUNITY"...is a word that comes to mind as I review this edition of our newsletter.  We have listed several upcoming events that we believe present great opportunities for businesses and citizens to learn vital tools to fuel the future of their organizations.  Our office is proud to present our first "Economic Development 101" seminar.  With the economic development process moving ever faster, and involving many stakeholders, we thought it was time to invite the general public to a half-day session that takes an in-depth look at the typical economic development organization and its activities.  We hope you will join us and the great panel of speakers from around the region.  I am confident you will leave excited about Ashland County and your ability to affect economic improvement within our communities.  The seminar is on May 6th from 8:45am-11:30am at Ashland University's Convocation Center.

AACED has been working closely with several companies over the past few months.  In the near future I look forward to reporting how they plan to seize opportunities, make some significant investments, and add to the county's pool of available jobs.  Many companies are already working with us and partner agencies to advance the skill level of their workforce--a strategy of paramount importance in today's economy.
Inside you will notice several exciting developments in the area of workforce development.  The new incumbent worker training grant program has already seen one company approved for training, disbursing approximately $2400 out of more than $70,000 available to Ashland County manufacturers.  This firm looks forward to utilizing the training to advance an employee into a higher skill level position.  Several other firms have inquired about this program, which is a great tool to advance a company and the careers of employees within it.  Please call us today if you are a manufacturer and are considering an investment in training.  Finally, please take notice of how you can engage in "ex-ternships" with the Career Center's Adult Education students.  What a great opportunity to complete a project for your company, while providing invaluable career experience to an adult student.

We, at AACED, want to thank all of you for the opportunity to work with you on these and many other exciting projects.

Sincerely,

Evan Scurti
Director

 
Business Succession Planning
Ohio Employee Ownership Center at Kent State 22nd Annual Conference

Closely held businesses are the backbone of the American economy.  Despite the attention paid to the stock market, the 8500 public companies traded there provide only 24% of private sector employment; by contrast, 4.6 million closely held companies provide 76% of employment in he private sector.  Practically all the job generation in the country is in the closely held sector.  What is the most cost effective means of retaining these businesses and the jobs they provide in our communities?  Timely and effective succession planning. 

In the early 80's, studies showed that 30% of family businesses made it to the 2nd generation of family ownership and management and 15% made it to the 3rd generation.  Twenty years later, a 2004 US Small Business Administration study found that only 15% made it to the 2nd generation and only 5% to the 3rd.   

The consequence of the absence of succession planning is that too frequently businesses are sold to competitors who may consolidate operations, reducing local employment, or may simply shut the doors and liquidate.  The failure to plan for business succession in small and middle-sized closely held businesses is a leading preventable cause of job loss in the U.S.
(- - Ohio Employee Ownership Center at Kent State)

The statistics show why there is a need for succession planning.  The Ohio Employee Ownership Center (OEOC) at Kent State is holding its 22nd Annual Conference on Friday, April 18th.  For additional information, please see the flyer at this link:  http://dept.kent.edu/oeoc/2008conferenceflyer.pdf
 
ACWHCC offers incredible opportunities
The Career Center's Adult Education Externship Program holds important benefits for the student and local employers.


(From Melissa Carr, Adult Education Program Manager):

Do you struggle finding quality employees with skills?

Maybe you need to consider hosting an externship site for one of Ashland County-West Holmes Career Center (ACWHCC) Adult Education programs. What is an externship? Externships are experiential learning opportunities, similar to internships, offered by educational institutions to give students short practical real-world experiences in their field of study. Externships are generally shorter than internships. The experience allows students to apply their book smarts to a real-life setting. Externships offer examples of career possibilities. It is a chance for students to observe/practice and ask questions. This knowledge prepares students for the transition from school/training to career.

Externships are not only conducted for the benefit of the extern, but for the host as well. Both parties get a chance to observe one another. Students understand that the hours they are in externship are equivalent hours to being interviewed. Successful externships could lead to recruitment possibilities. The best thing of all for hosting an externship site, it is free. Students are not compensated for externship work. The Career Center considers this a time for students to give back to the community while practicing their newly developed skills as well as gaining valuable experience.

Externship hosts are not responsible for Worker's Compensation, Social Security or unemployment compensation. Our healthcare programs carry a liability policy and our industrial programs have health coverage in case of an accident.

Programs offering externship are as follows: Business Office Technologies (general office assistant), Computerized Office Technologies (medical billing and coding), Construction Trades Specialist (students built a home for Habitat for Humanity), Dental Assisting, HVAC (heating, ventilation, air conditioning and refrigeration) Maintenance Training, Medical Assisting, Pharmacy Technician, and Phlebotomist.

Anyone interested in hosting an externship, please contact ACWHCC at 419-289-3313 and ask for Adult Education Transitions Department.

Are you in need of hiring skilled workers? The above listed programs are complete in May. Please call ACWHCC at 419-289-3313 and ask for Adult Education Placement Department.
WORKSHOP WILL FOCUS ON EXPORTING

The Ashland Area Council for Economic Development is pleased to announce plans to hold a workshop for companies interested in exploring their export potential.  The event is co-sponsored by the Ohio International Trade Assistance Center and the Manufacturing and Technology Small Business Development Center. It is scheduled to take place on Thursday, May 15th at 7:30am at the Ashland Municipal Building Conference Room, 206 Claremont Avenue in Ashland.  It will end by 9:00am.  This workshop is designed for companies who have done minimal shipping overseas or have not engaged in any exporting.  But even more experienced exporting companies may wish to send employees that need to know more about exporting resources.

 

The presentation by the Ohio International Trade Assistance Center will provide an overview of resources that are available to Ohio companies through ITAC, the Ohio Department of Development's Global Markets Division, and the U.S. Commerce Department.  ITAC is a free counseling service for new-to-export companies, and Ohio's Global Markets Division maintains offices throughout the world that exist solely to help Ohio companies increase their exporting capabilities.

Topics covered will include assessing your export potential, exploring suitable markets, handling overseas inquiries, accessing available resources, and developing an export strategy.  There is no cost to attend the workshop and a continental breakfast will be included, but advance registration is requested.  For directions, or to make a reservation, contact Nikki McConnell at 419 289-3200, or nikkimcconnell@ashland-ohio.com, or visit the ITAC website at www.ohioitac.org.
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Ashland Area Council for Economic Development | 206 Claremont Avenue | Suite 100 | Ashland | OH | 44805