Strategic Early Warning Network Saving Pennsylvania Jobs
The Strategic Early Warning Network is dedicated to saving Pennsylvania jobs by providing timely interventions to companies facing critical conditions. With a focus on key statistics from 2012-2013, the network actively serves multiple counties, reaching a total of 1899 affected employees. Through regional coverage and a variety of services, the network addresses major issues in industries such as succession planning, market positioning, and financial restructuring to support the growth and stability of businesses in the region.
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Presentation Transcript
The Strategic Early Warning Network Saving Pennsylvania Jobs, One Company at a Time.
Strategic Early Warning Network Statewide Coverage & Regions
Strategic Early Warning Network Key Statistics 2012-2013 Big Bucket Statistics 536 jobs saved in Central for FY 12-13 29 companies active, 15 in critical condition 14 Counties served 1899 total affected employees in those counties 7 counties in which multiple companies are served Good penetration of the territory north and south Two groups of companies: Larger (above 50 employees) equaling 14 (above 50 emp.) averaging 116(prior 128) employees Smaller (below 50 employees) equaling 15 (below 50 emp.) averaging 19 employees (prior 22) employees Client on-boarding is steady and expected to increase in February to prior year averages of one per week.
Strategic Early Warning Network Active Clients/Employees by County 250 200 Number of Employees 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Companies
Strategic Early Warning Network Counties Served and Penetration York Snyder Perry Northumberland Mifflin Lycoming Lancaster Juniata Huntingdon Franklin Centre Blair Berks Adams 0 1 2 3 4 5 6
Strategic Early Warning Network Total Employees Per County Served 300 250 200 150 100 50 0
Strategic Early Warning Network Key Regional Issues Can be categorized into major presenting issues within the current mix of clients Succession Related issues Fragmented and Consolidating Industries Market Positioning & Repositioning Access to Capital Costing and Pricing and Cash Modeling Financial Restructuring Capitalization of Growth Equity & Investor Management
Strategic Early Warning Network Central SEWN Services 2008-2013 11% Financial Restructuring 40% Buyout Succession Labor/Management 31% Operations/Cost Non Core 4% 10% 4%
Strategic Early Warning Network Key Regional Impacts Unemployment Compensation Saved: 2012/13: 536 jobs x ($355 p/wk x 18 wk)= $3,425,040 State Unemployment Averages Costs Per Job Saved: 2012/13: 536 jobs saved x $1119 p/job = $599,784 Federal Unemploy ment Figures Average Weekly Benefit Average Number of Weeks Costs to Create Equivalent Jobs (x $25,000 p/job) 2012/13: 536 jobs saved x $25,000 = $13,400,000 2012-2013 Q1 $334.56 18.1 Q2 $356.38 17.9 *Multiplier Effect (x 4):*One manufacturing job supports 2 supplier jobs and 2 consumer jobs. UC dollars saved - $13,700,160 Job creation dollars saved - $53,600,000 Total Cost Avoidance - $67,300,160 Q3 $364.34 18.1 Q4 362.79 Unknown $355 18
Strategic Early Warning Network Central SEWN Clients by Segment 2008-2013 Logistics & Distribution 0 Medical 2 Wood, Lumber & Paper 21 Service 0 Food & Beverage 3 Printing 5 Mining 1 Construction 8 Consumer Products NEC 5 Furniture 8 Glass & Ceramics 2 Petroleum & Chemical 1 Plastics, Resins, Rubber 4 Transportation 4 Industrial Equipment 7 Metal Fabrication 14 Tubular Products 1 Processing-Rolling Mills 4 Primary Metal 1
Strategic Early Warning Network Central SEWN Clients by Referral Source 2008-2013 WARN Notice 1 Union 1 State/Regional Economic Development 1 Public Offical 3 Private Sector 13 Public Source 3 News 0 Other 4 Management/Owner 3 Local Economic Development 2 L&I (other than WARN) 0 IRC 26 GAT 31 BREP 3
Strategic Early Warning Network Central SEWN Jobs Saved By County 2008-2013 Adams 25 Bedford 0 Cameron 10 Centre 372 Clinton 100 Cumberland 59 Dauphon 0 Franklin 142 Fulton 0 Huntingdon 0 Juniata 60 Lancaster 358 Lebanon 0 Lycoming 216 Mifflin 445 Montour 0 Northumberland 16 Perry 15 Snyder 135 Union 211 York 450
Strategic Early Warning Network Referrals & Reciprocal Networks Pull-through strategies
Contact Information Central Pennsylvania SEWN Office (Region 2) Patrick Meese Director Capitol Office SEWN 301 Chestnut St., Suite 103 Harrisburg, PA O) 717.901.6030 C) 717.968.6252 Email: sewncentral@steelvalley.org
