In a recent meeting, the Greater Oshkosh Economic Development Corporation (Go EDC) outlined its strategic initiatives and challenges as it prepares to launch a new five-year economic development plan. The organization emphasized its commitment to fostering collaboration between public and private sectors to enhance the community's economic landscape.
Key discussions highlighted the ongoing workforce challenges, with a noted decrease in available talent and a pressing need to retain and attract skilled workers. The unemployment rate in Oshkosh stands at a low 2.7%, indicating near full employment, which underscores the urgency for housing solutions to accommodate incoming workers. The Go EDC stressed that without adequate housing, attracting talent to the area would remain a significant hurdle.
The meeting also addressed the impact of evolving technologies on workforce requirements, particularly the integration of automation and artificial intelligence. Go EDC representatives acknowledged the necessity of aligning workforce skills with the demands of modern businesses.
Childcare emerged as another critical barrier to employment, with the organization reporting the creation of 146 new childcare spots through a collaborative grant initiative. This effort involved partnerships with local nonprofits and highlights the importance of community collaboration in addressing workforce challenges.
Additionally, the Go EDC discussed the performance of the Aviation Business Park, which has struggled to attract businesses. Council members raised concerns about the potential need for rezoning to diversify the types of businesses allowed in the area, indicating a willingness to explore creative solutions to enhance economic activity.
As Go EDC wraps up its current strategic plan, it aims to refine its approach based on a recent feasibility study, focusing on growth and adaptability to meet future community needs. The organization remains committed to ensuring that Oshkosh remains competitive in attracting businesses and talent, emphasizing the importance of proactive measures in a rapidly changing economic environment.