Overview

The report "Human Capital-Centered Regionalism in Economic Development: The Case of Philadelphia’s Biosciences Sector" explores the intersection of human capital development and regional economic strategies, focusing on the biosciences sector in Philadelphia. It examines how regional collaboration and investment in human capital can drive economic growth and innovation in the knowledge economy.

Key Message

The successful development of human capital is pivotal for regional economic growth, especially in knowledge-intensive industries like biosciences. The Delaware Valley Innovation Network's efforts underscore the importance of building institutional capacity to support workforce development initiatives. Key findings suggest that while analytical tools and occupational data can inform policy, their effectiveness is limited without robust institutional frameworks and clear strategies for implementation. The report highlights the need for sustained collaboration among public, private, and academic sectors to create coherent policies that address the skills gap and support innovation-driven growth. Ultimately, fostering a skilled workforce requires not only targeted training programs but also a holistic approach that integrates education, industry needs, and regional economic policies.