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What is Economic & Workforce Development?
Conversely, workforce development empowers individuals with the skills, knowledge, and training necessary to capitalize on employment opportunities. This includes various initiatives such as career tech education, professional development, or skill-building workshops. A skilled and adaptable workforce is a key component to meeting the demands of evolving industries. It not only enhances individuals' employability but also contributes to increased productivity and competitiveness on a macroeconomic scale.
Together, economic and workforce development form a symbiotic relationship. A well-trained and adaptable workforce attracts businesses, which fosters growth, while a thriving economy creates opportunities for individuals to develop critical skills and contribute to society. These processes are vital for building resilient communities that can navigate the rapid change of a global economic landscape.
Economic & Workforce Development
Economic and workforce development play significant roles in fostering sustainable growth and prosperity. These intertwined processes are building blocks that shape an economic landscape, drive innovation, and provide the workforce with the skills necessary to earn living wages.
Economic development involves creating an environment that attracts businesses, drives investment, and promotes growth. It encompasses various strategies such as infrastructure development, tax incentives, and regulatory frameworks encouraging entrepreneurship and job creation.

Workforce Development
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Small Businesses & Organizations
Small businesses and organizations are essential pillars of the U.S. economy and workforce. With approximately 35 million businesses employing 59 million Americans—representing 46% of the private workforce (Small Business Administration)—their impact is undeniable. However, these businesses vary greatly in size and in their internal capacity to develop their incumbent workforce.
We specialize in helping organizations craft cost-effective workforce development strategies that minimize investment risks. Our approach includes a range of tailored solutions, such as partnering with colleges to develop and deliver custom training programs (contract education, fee-based courses, noncredit offerings, and apprenticeships), identifying training resources and strategic partnerships, and developing in-house training solutions.
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Large Businesses & Organizations
Larger businesses and organizations often have the advantage of significant investments in human resources and workforce development, with many possessing the capital to build robust internal programs. However, even these organizations can benefit from strategic partnerships and collaborations to reduce costs and develop talent pipelines.
We specialize in helping organizations identify and build strategic partnerships that create pathways and develop sustainable talent pipelines. Our approach includes facilitating skills panels, collaborating with economic development agencies, and fostering partnerships with high schools and colleges to align workforce needs with educational and training opportunities.
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Emerging Markets Education Strategy Reports
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Tools & Resources
Sector Strategy
The team at Rocket 1 Group specializes in navigating labor market trends, providing valuable data resources, conducting employer surveys, and developing tailored training strategies to support your organization or industry sector effectively.
Advisory Committees
Need help identifying advisors, diversifying committees, or crafting strategic questions to gather valuable insights? With over 16 years of experience, Rocket 1 Group specializes in forming, planning, and hosting effective advisory committees
Partnership Cultivation
Looking to identify strategic partners? Our team has the expertise to develop partnership strategies that foster successful collaborations, secure sponsorships, and connect you with subject matter experts.
Curriculum Development
With over 15 years of experience, our team specializes in developing customized curricula to address diverse needs in clean tech and transportation. Rocket 1 Group can deliver comprehensive curriculum packages, online courses, and training videos tailored to areas such as transportation, drone operation, and renewable energy.
Grant Development
Our team has successfully secured over $25 million in workforce grants. We collaborate with organizations to support their grant development and management strategies. From writing and budget development to reporting, evaluation, we provide comprehensive support to help you achieve your goals
Skills Panels
Have you noticed a recurring skills gap in your industry? We can facilitate an industry skills panel—a collaborative public-private partnership involving businesses, labor, and education—to identify solutions and strengthen workforce skills and talent pipelines.