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This comprehensive analysis provides key insights into the economic effects of the minimum wage policy in our region. The study’s findings aim to support informed decision-making by local, state, and federal policymakers while guiding our workforce and economic development strategies. Specifically, this report will help:
Address potential challenges and mitigate negative impacts of minimum wage policies.
Identify and promote strategies that benefit both employers and workers.
Develop workforce initiatives that ensure a resilient and adaptable labor market.
Provide insight into job and skills training needs to better prepare the workforce.
Coordinate efforts to expand entrepreneurial training and microenterprise services.
Deliver technical assistance strategies to help small and emerging businesses thrive.