Tag: Maryland

Top Occupations With a Shortage of Maryland Graduates

Each year, Maryland’s colleges and universities graduate thousands of bright students eager to join the workforce. However, when studying the labor market, one thing becomes painfully apparent, as many recent grads can attest to: the competition for some jobs can be fierce, while for other occupations employers can’t find enough qualified candidates. To understand what occupations are in the highest demand, as well as what jobs college students should shy away from, the Towson University Regional Economic Studies Institute (RESI) recently completed a gap analysis. A gap analysis looks at the occupations within Maryland and compares how many jobs...

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Employment Opportunities for Maryland’s Neuro-Diverse Workforce

Recently, the Regional Economic Studies Institute (RESI) at Towson Univeristy hosted the Maryland Workforce Outlook Forum. The event highlighted the economic conditions and workforce impacts of different groups—opportunity youth and neuro-diverse individuals—in the state. The term neuro-diversity reflects the increasing awareness that the population consists of people with a variety of different neurological skills, abilities, and conditions. Neuro-diversity is a broad term, and includes conditions including: Attention Deficit Disorder (ADHD) Autism Spectrum Disorder (ASD) Dyslexia Tourette Syndrome Individuals with a mental illness Our population is very neuro-diverse. It’s estimated that approximately 20% of students have a language-based disability, such...

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Economic Impact of Opportunity Youth in Maryland

The Regional Economic Studies Institute (RESI) hosted the Maryland Workforce Outlook Forum on May 17 at Towson University. The event highlighted the economic conditions and workforce impacts of different groups in the state, one of which was opportunity youth. Opportunity Youth Opportunity youth are 16–24 year olds who are not currently attending school nor are they currently employed. Opportunity youth are also referred to as “disconnected youth” because these individuals have the potential to reconnect with the workforce through education or employment. This is a heterogeneous population that can include young adults who have dropped out of high school,...

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Mapping Maryland’s Comparative Advantages: Frederick County

In my last blog post, I talked about Maryland’s advantage compared to other states in the Scientific R&D Services industry and saw how a high location quotient for the industry was correlated with the presence of Maryland’s military installations and federal research facilities. Today, I will focus on Frederick County, the county with the second-highest location quotient for Scientific R&D Services in Maryland. Frederick County is one of the most interesting counties in Maryland. The county is a mix of rural, urban, and suburban jurisdictions—perhaps more than any other county in the state. At the center of Frederick County...

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Mapping Maryland’s Comparative Advantages: Scientific R&D

Maryland and science go hand-in-hand. Maryland’s highly ranked universities like the University of Maryland College Park, the Johns Hopkins University, and Towson University produce valuable research and graduate thousands of STEM graduates each year. Maryland is also home to numerous federal research institutions, such as the National Institutes of Health, NASA’s Goddard Space Flight Center, and the FDA. But how does Maryland’s scientific focus vary across the state? Scientific R&D Across Maryland In our last blog post in this series, we looked at what a location quotient is and how we can use them to find Maryland’s comparative advantages....

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Mapping Maryland’s Comparative Advantages: A New Blog Series

Here at the Regional Economic Studies Institute (RESI) at Towson University, we take pride in understanding Maryland’s economy. For the last 25 years, our team has worked with public, private, and non-profit clients to provide a range of economic and policy analysis services. But a big part of our mission is public outreach and sharing our knowledge with you to help you make better informed decisions for your community, your business, or your family. Every month, our Chief Economist, Dr. Daraius Irani, publishes an update on the employment situation in Maryland. For example, here’s a closer look at the...

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Top Occupations for Growth in Baltimore

At the Towson University Regional Economic Studies Institute’s (RESI) Maryland Workforce Outlook Forum this spring, RESI’s Chief Economist Dr. Daraius Irani (you can find his blog posts here) presented RESI’s occupational forecast for the state of Maryland. This forecast saw job growth in a number of professions, particularly for those related to the healthcare and construction industries. Based on audience interest regarding these occupation projections at the Forum, we decided to develop an occupational forecast at a finer level and examine Baltimore City. RESI uses the in-house developed PROM tool drawing upon data from the industry-recognized REMI model and...

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Maryland Defense Network

Maryland is home to a significant military presence that includes 20 military facilities, including 11 major military installations, and a vast defense industry made up of approximately 8,500 aeronautical and defense businesses. Maryland’s defense industry supports a wide variety of sectors ranging from cybersecurity to unmanned autonomous systems to advanced manufacturing and beyond. Maryland is rated among the top 5 U.S. states for defense spending. The Department of Defense (DOD) Office of Economic Adjustment (OEA) is interested in understanding the impact of DOD funding in states like Maryland and preparing companies in those states for future fluctuations in DOD...

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TU150 Economic Impact Study

This year marks Towson University’s 150th Anniversary. To celebrate, the Regional Economic Studies Institute (RESI) conducted a study regarding the impacts Towson University has had on Maryland’s economy and its communities since opening in 1866. RESI’s researchers and economists used information regarding the University’s operations, graduates, alumni giving, TU Foundation giving, student spending, and events to estimate these impacts. It is clear from this comprehensive report that Towson University contributes to Maryland’s economy in numerous ways, everything from the most obvious – students spending money in our community – to the most long lasting – our talented graduates living...

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Redline Elimination Benefits Maryland Highway Infrastructure

The elimination of the proposed Redline and the lack of any alternative transit plan or even a comprehensive transit plan that would enhance the efficient movement of individuals in all directions within the metro area and specifically the City was tragic. However, I am pleased that some of the money will go to improve the aging Maryland highway infrastructure system. Now, before everyone jumps down my throat for what I am about to write, my focus is purely on the commercial aspects of the highway system. While I certainly do not want to discount the traffic woes of the...

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