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| FUNDING SERVICES FOR INDUSTRIES: United Capital
Leads in funding 10 Industries projected to add most
jobs in the next 10 years |
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According to a recent
study released by the Bureau of Labor Statistics, the
next 10 years will see job growth in industries that
share one key common denominator: service in either
health care or business. Given the well publicized
demographic shift towards an “older” population and less
domestic manufacturing jobs, this makes a lot of sense.
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What is perhaps the most startling of these
projections is that almost all [96%] of the
projected new jobs created over the next 10
years will be created by service industries.
Listed below are the details on what the job
market could look like around the year 2020. The
Bureau of Labor data below projects the total
job changes that could occur in the period 2008
to 2018. |
Top Ten Industries projected to add jobs
in the next 10 Years
10. Full-service restaurants. Total job
change +343,000. This increase is about 8% more
than the total number of jobs in the industry in
2008, 4,598,000.
9. Nursing-care facilities.
Total job change +394,000. This represents a
significant increase of about 24% over the ten
year period. Over 2 Million people are projected
to be working in the nursing care facility
industry by 2018. |
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8. Services for the elderly and persons
with disabilities. Total job change:
+431,000. This is an increase of 74%, a huge
jump. In 2008, according to government data,
585,000 people were employed in this industry.
By 2018, it is projected to almost double in
size to over 1 Million people.
7. Home health care services.
Total job change +441,000. Like #8, this sector
is projected to grow rapidly over the next 10
years. A 46% increase is projected, resulting in
almost 1.4 Million employees working in home
health care by the year 2018.
6. Local government (excludes education
and hospitals). Total job change
+487,000. Government jobs are projected to
increase about 8% over the 10 year period. The
government is by far the largest employer in the
list, accounting for over 5.8 Million jobs in
local government in 2008.
5. Employment services. Total
job change +600,000. As the job market structure
continues to change dramatically, it is no
surprise that employment related service jobs
will grow and be in demand. This predicted
increase of 600,000 is about a 20% increase over
the 10 year period.
4. Other general merchandise stores.
Total job change +607,000. Even with
the exponential growth of the Internet and
online shopping options, there is projected to
be significant growth in the merchandising
industry. Projected employment is expected to
exceed 2 Million workers by 2018, an increase of
40% from 2009 levels.
3. Computer systems design and related
services. Total job change +656,000. As
more and more businesses utilize the Internet,
online applications and computer technology in
general, the demand for professionals in the
computer systems design and related service is
projected to explode. According to the Bureau,
this sector will record an increase in
employment of over 45% in the next 10 years, to
a total of about 1.5 Million.
2. Offices of physicians. Total
job change +772,000. Even with significant
changes on the horizon in the Health Care
industry, job creation is projected to remain
very strong over the next 10 years. The report
projects a total of over 3 Million will work in
this industry by 2018, or an increase of 34%.
1. Management, scientific and technical
consulting services. Total job change
+835,000. The largest single increase, both in
percentage and in the total number of new jobs
is in the category entitled, “Management,
scientific and technical consulting services.”
The numbers of jobs projected to be created in
this sector are over 800,000, representing an
increase of 82% in the period. |
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United Capital
Funding, the leader in funding Industries with
highest projected job growth |
United Capital Funding Corp, the leading
provider of professional Accounts Receivable
based funding and credit management solutions in
the United States is also a leader in providing
working capital to businesses in the industries
projected to generate the highest number of new
jobs over the next 10 years.
“We just recently completed a detailed analysis
of our funding portfolio, and as of yearend
2009, over 72% of our current clients are in
sectors represented in the top 10 industry list
for job creation over the next 10 years. This
focus by our firm on fast growing targeted
industries will remain our focus over the next
decade,” said Mark Mandula, Managing Partner of
United Capital. “We are committed to continue to
invest our capital conservatively with
entrepreneurial firms focused in the services,
especially those in the professional and health
care sectors.” |
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United recently
reached a milestone in December 2009 when it
announced that it has reached $1 Billion in
client funding since its’ formation in 1997.
United Capital Funding, based in Saint
Petersburg, Florida, began operations in 1997,
utilizing a conservative, risk adverse business
model to provide entrepreneurial clients with
Accounts Receivables based funding and
professional credit management solutions.
Starting with a single Florida based client,
United now serves clients in 34 states, and now
also has offices located in Nashville, Tennessee
and Phoenix, Arizona. |
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About United Capital Funding Corporation
United Capital Funding Corp. [www.ucfunding.com]
is the leading professional Accounts Receivable
funding, and AR management services based firm
in the United States today. Established in 1997,
United has successfully partnered with
entrepreneurial firms with annual revenue from
startup stage to over $50 Million. With clients
in over 34 states, United possesses the
financial resources to serve firms seeking to
improve their cash flow and reduce costs. United
is headquartered in the Tampa Bay area, and also
has regional offices in Nashville and Phoenix.
Additional information on the specialized
business financial services provided by United,
including factoring, Accounts Receivable
management, and working capital are available
online at their top rated Google website;
www.ucfunding.com; via email at
mark@ucfunding.com; and by telephone (877)
894-8232. |
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