Immigrant Entrepreneurs<br />A KEY to rebuilding our economy and <br />creating  jobs<br />  Richard Herman<br />
Nearly 2/3 of America is an immigrant, a child or grandchild of  an immigrant, or married to an immigrant<br />
some came to these shores voluntarily……..some did not<br />
        We Are All Immigrants<br />
It’s in our DNA <br />we are strivers and survivors<br />
Rust Belt Is Hemorrhaging Jobs & People<br />MICHIGAN<br />Over last 10 years, lost <br />790,000 jobs<br />Detroit:  over...
In 2011, with the U.S. economy stuck in first gear, it’s time we remember……..how to  drive the economy …..FAST<br />
we welcome the job-creators<br />
To immigrate is an entrepreneurial act<br />	--Ed Roberts, Founder <br />	    MIT Entrepreneurship  Center<br />
Immigrants Create Jobs<br />*	40% of Fortune 500 companies were 	founded by an immigrant or child of 	an immigrant <br />*...
7 of 10 most valuable brands in the world were created by U.S. immigrants or children of U.S. immigrants<br />Ford			Googl...
Immigrants have created millions of jobs for Americans, and will create millions more….<br />if we let them --- in advance...
But….<br />Isn’t “Immigrant” <br />a Dirty Word?<br />
George Carlin’s 7 Dirty Words<br />
We don’t talk about immigrants as the Dream-Keepers, the Job-Creators, the Bedrock of Family-Values, the ENGINE that makes...
 Time to Change the Conversation<br />
When it comes to job growth, STARTUP companies aren’t everything……..<br />they’re the ONLY THING!<br />
<ul><li>ALL net job creation in America over 	last 25 years comes from STARTUPS --- creating 40 million new jobs
New Firms add an average of 3 million jobs in first year
Older companies lost 1 million jobs annually
                     --- Kauffman Foundation</li></ul>STARTUPS:  New employment paradigm<br />
So WHO are behind the startups in America?<br />
USA:  Immigrants Driving the New Economy & Urban Revitalization <br />*Immigrants twice as likely as native-born     <br /...
Immigrant-Founded Companies<br />Compiled by Richard Herman, www.ImmigrantInc.com<br />
*	2009 Nobel Prizes in Science --- 	U.S. Dominated with 8 out of 9 	going to U.S. citizens (over 50% 	foreign-born America...
The venture capitalists know a                deal when they see one<br />*	25% of all public, venture-	backed firms in U....
Immigrants Can Drive Exports<br />Research in Sweden demonstrates that a 10 percent increase in immigrant population was l...
U.S. Immigration & Its Job-Creation Capacity:  BROKEN<br />
Immigration Policy Is Not Aligned with Nation’s Economic Development Needs<br />Discriminate Against Highly Skilled.   Of ...
These quotas are nearly 60 years old -----  they have no relationship with the needs of America’s New Economy<br />
Skilled immigrants, many of whom want to start their own company in the U.S., have to wait up to 8 years for a Green Card<...
We train the world’s best and brightest at our universities…..only to “kick them out” of the country  when they graduate w...
We treat them like DIRT, instead of the GOLDEN-JOB-CREATORS!<br />
What part of <br />“legal immigration is<br />#!@x^#!-ed  up”<br />don’t they understand?<br />
So, they are leaving (or not coming at all)<br />First time in U.S. history----- reverse brain drain, over 100,000 high sk...
They see new opportunity in their home countries, or are welcomed in other countries<br />
Canada and other countries are coming to U.S. soil to recruit our disgruntled high-skill immigrants, offering them fast-tr...
This is what NYC Mayor Bloomberg calls: <br />“National Suicide.”<br />
And not just PhD immigrants ----- all hard- working immigrants <br />with a dream.  <br />It’s all connected.<br />
$1.5 trillion added to GDP in next 10 years <br />….If we legalize the 11 million undocumented persons in U.S.<br />Study ...
“The richest regions are those with the highest proportion of immigrants.”  		President’s Commission on 		Immigration, 195...
REFUGEES CAN CHANGE THE WORLD <br />
“World Is Flat” Guy, Tom Friedman<br />“Dear America, please remember how you got to be the wealthiest country in history....
It’s important that we understand WHY so many Americans fear and loathe the new immigrants<br />
America’s Demographics Are A-Changin’<br />*	Last decade, 85% of population 	increase from racial & ethnic 	minorities<br ...
	*	Young whites (under 18) are the <br />                   minority in 10 states, including <br />                   Ariz...
Talent is the New Oil.  Drill, Baby, Drill!<br />
Want to Win?  Build the most powerful teams on the planet <br />(just like NBA)<br />
The Dream Act<br />
The Staple Act<br />
Can Immigrants Save the Rust Belt?<br />
Fastest Growing Metro Areas for Technology Jobs  (Dice)<br />Detroit:	 101%<br />Cincinnati:  75%<br />Cleveland: 62%<br /...
Expanding Tech Job Market in U.S.<br />Dice by the Numbers<br />As of February 1, 2011*<br />Available Tech Jobs:	74,413<b...
Northeast Ohio Immigrants:  The Facts<br />Better Educated & Make More Money<br />	* 	40% of adult immigrants in 8-county ...
it’s all connected<br />
Philly enjoys an ecosystem that welcomes & connects immigrants, revitalizing neighborhoods<br />After decades of out-migra...
“I am concerned by the majority’s attempt to manufacture tension between African-Americans and immigrant communities. It s...
Forbes, 2011:   <br />Atlanta:  #1<br />Detroit:  #47<br />Cleveland:  #51 <br />Cleveland vs. Atlanta as a Launchpad for ...
Cleveland<br />Silicon Valley <br />
Cleveland vs. Silicon Valley<br />Similar number of nodes of various technology and cultural assets…….but connectivity bet...
HYPER-CONNECTIVITY (tear down the silos)<br />What Does the New Economy Crave?<br />
John Sibley Butler, Director of Entrepreneurship, University of Texas, Austin<br />
TiE Global  2903 Bunker Hill Lane, Suite 108, Santa Clara, CA 95054<br />70<br />World’s Largest Non Profit <br />Fosterin...
Hey, America…..time to <br />“think like an immigrant!”<br />
Key to Success: “think like an        immigrant”OmidKordestani<br />
WAKE-UP, AMERICA!<br />Want Jobs?   Tap the Immigrant Dividend<br />Welcome the Job-Creators by Reforming Immigration Law ...
Good Luck<br />
Upcoming SlideShare
Loading in …5
×

Immigrant Entrepreneurs: A Key to Rebuilding U.S. Economy

1,538
-1

Published on

new powerpoint to be delivered in detroit on 7/18 at the conference, "Immigration and Michigan's Future." Day-long conference to feature Michigan Governor Rick Snyder, NYC Mayor Michael Bloomberg, major CEOs, President of Wayne State University, and a cast of thousands! The eyes of the nation will be watching Detroit. Can immigrants save detroit? I say --- yes! as part ofa new intercultural team with African American talent and entrepreneurs, and other diverse talent, as we work towards building the most powerful teams on the planet. We hope this conference helps galvanize efforts not only in Detroit and Michigan, but in struggling cities around the country. This city-driven, economic argument should be a MAIN PLANK of comprehensive immigration law reform. We are all immigrants!

Published in: News & Politics, Business, Career
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,538
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
21
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide
  • Here is our mission: Immigrants and economic development
  • Michigan’s Economic Crisis Metro Detroit regional unemployment hovering at 14-15 percent, near 150 percent of the national average and the second highest of the 49 metro areas with more than one million people Over the last decade, it is anticipated that Michigan will have lost over 1 million jobs, approximately one quarter of all of its jobs In less than one decade, Michigan likely will move from a wealthy and prosperous state to one of the poorest. From 1999 to 2007, Michigan residents moved from the 17th wealthiest per capita personal income in the nation to 39th, an unprecedented drop of 22 spots in eight short years. It is anticipated that by the time 2009 statistics are available, Michigan will be one of the 10 poorest states in the union, less than a decade after being in the top third! Michigan’s crisis is not solely the crisis of economic restructuring, Michigan’s crisis also is a crisis of spirit and culture. The transformation of Detroit from America’s fourth richest to its poorest confounds and disturbs. The conditions within the city’s neighborhoods, its schools, its infrastructure, etc. have deteriorated so significantly that they are virtually unrecognizable a generation after Detroit’s mid-20th Century glory. A Way Forward One of the most consistent similarities between these various catalyst regions of the 20th and 21st Centuries is the large presence of immigrants. Immigrants were at the sources of early 20th Century midwestern industrial cities like Detroit that propelled America’s growth and they are a significant part of the regions that serve as economic catalysts in today’s world. In 1910, 30 percent of the metropolitan Detroit region was foreign born. In 2007, Silicon Valley’s population was about 36 percent foreign born, almost three the national average of 12.6 percent. “History teaches us that from every major economic crisis, America has emerged stronger, smarter and more innovative—it’s in our DNA . . . It’s that time again. We must write a new chapter in the story of American innovation . . . Many people around the country think that our state is broken, done-for, intellectually bankrupt. We all know otherwise. History teaches us that our future will depend on how quickly, and how well, we innovate and adapt.” --Patricia Mooradian, President, The Henry Ford“Advancing a Culture of Innovation”Address before the Detroit Regional Chamber of CommerceMackinac Island Policy Conference, May 28, 2009
  • Immigrant Entrepreneurs: A Key to Rebuilding U.S. Economy

    1. 1. Immigrant Entrepreneurs<br />A KEY to rebuilding our economy and <br />creating jobs<br /> Richard Herman<br />
    2. 2. Nearly 2/3 of America is an immigrant, a child or grandchild of an immigrant, or married to an immigrant<br />
    3. 3. some came to these shores voluntarily……..some did not<br />
    4. 4. We Are All Immigrants<br />
    5. 5. It’s in our DNA <br />we are strivers and survivors<br />
    6. 6. Rust Belt Is Hemorrhaging Jobs & People<br />MICHIGAN<br />Over last 10 years, lost <br />790,000 jobs<br />Detroit: over last 60 years, lost 50% of population (1.8 million to 900,000)<br />Percentage of immigrants dropped from 30% to 10%<br />OHIO<br />Over last 10 years, lost 525,000 jobs<br />Cleveland: over last 60 years, lost 60% of population (950,000 to 396,000) (17% in 10 yrs)<br />Percentage of immigrants dropped from 30% to 5%<br />
    7. 7. In 2011, with the U.S. economy stuck in first gear, it’s time we remember……..how to drive the economy …..FAST<br />
    8. 8. we welcome the job-creators<br />
    9. 9. To immigrate is an entrepreneurial act<br /> --Ed Roberts, Founder <br /> MIT Entrepreneurship Center<br />
    10. 10. Immigrants Create Jobs<br />* 40% of Fortune 500 companies were founded by an immigrant or child of an immigrant <br />* These companies employ 10 million people worldwide, and generate $4,200,000,000,000 in revenue per year<br />
    11. 11. 7 of 10 most valuable brands in the world were created by U.S. immigrants or children of U.S. immigrants<br />Ford Google Intel <br />GE Budweiser Home Depot<br />AT&T McDonald’s U.S. Steel<br />Boeing IBM Dow<br />Disney Kraft UPS<br />Apple Procter & Gamble Estee Lauder<br />Hertz Levi’s DuPont<br />Pfizer Bank of America Heinz<br />
    12. 12. Immigrants have created millions of jobs for Americans, and will create millions more….<br />if we let them --- in advanced manufacturing, clean energy, biotech, advanced materials, exports…. <br />
    13. 13. But….<br />Isn’t “Immigrant” <br />a Dirty Word?<br />
    14. 14. George Carlin’s 7 Dirty Words<br />
    15. 15.
    16. 16.
    17. 17.
    18. 18. We don’t talk about immigrants as the Dream-Keepers, the Job-Creators, the Bedrock of Family-Values, the ENGINE that makes America work!<br />
    19. 19. Time to Change the Conversation<br />
    20. 20. When it comes to job growth, STARTUP companies aren’t everything……..<br />they’re the ONLY THING!<br />
    21. 21. <ul><li>ALL net job creation in America over last 25 years comes from STARTUPS --- creating 40 million new jobs
    22. 22. New Firms add an average of 3 million jobs in first year
    23. 23. Older companies lost 1 million jobs annually
    24. 24. --- Kauffman Foundation</li></ul>STARTUPS: New employment paradigm<br />
    25. 25. So WHO are behind the startups in America?<br />
    26. 26. USA: Immigrants Driving the New Economy & Urban Revitalization <br />*Immigrants twice as likely as native-born <br /> to start a business;<br />* Immigrants founded more than 50% of the high-tech companies in Silicon Valley;<br />* Immigrants are more likely to earn an advanced degree, invent something, and be awarded a U.S. patent;<br />
    27. 27. Immigrant-Founded Companies<br />Compiled by Richard Herman, www.ImmigrantInc.com<br />
    28. 28.
    29. 29. * 2009 Nobel Prizes in Science --- U.S. Dominated with 8 out of 9 going to U.S. citizens (over 50% foreign-born Americans)<br />* Immigrants filing patents at twice rate of American-born.<br />* Immigrant patent filings: 72% Qualcomm, 65% Merck, 64% GE, 60% Cisco<br />Immigrants Are Driving U.S. Innovation<br />
    30. 30. The venture capitalists know a deal when they see one<br />* 25% of all public, venture- backed firms in U.S. founded by immigrants<br />* Add high tech Label, Percentage increases to 40%<br />* Market cap of $500 BILLION --- public, venture backed immigrant companies<br />
    31. 31. Immigrants Can Drive Exports<br />Research in Sweden demonstrates that a 10 percent increase in immigrant population was linked to a 6 percent increase in bilateral trade with the immigrants’ home country. Furthermore, the study found for every 12,000 immigrants, Swedish exports would increase by approximately $1 billion dollars.<br />
    32. 32. U.S. Immigration & Its Job-Creation Capacity: BROKEN<br />
    33. 33. Immigration Policy Is Not Aligned with Nation’s Economic Development Needs<br />Discriminate Against Highly Skilled. Of 1 Million Green Cards issued per year, only 4-5% or given to highly skilled (advanced degreed) or investor immigrants<br />Malawi = India (nationality quotas: each country allocated 7% of employment based green cards per year, regardless of their nation’s population)<br />.<br />
    34. 34. These quotas are nearly 60 years old ----- they have no relationship with the needs of America’s New Economy<br />
    35. 35. Skilled immigrants, many of whom want to start their own company in the U.S., have to wait up to 8 years for a Green Card<br />
    36. 36. We train the world’s best and brightest at our universities…..only to “kick them out” of the country when they graduate with their advanced degrees and encourage them to compete AGAINST the U.S.<br />
    37. 37. We treat them like DIRT, instead of the GOLDEN-JOB-CREATORS!<br />
    38. 38. What part of <br />“legal immigration is<br />#!@x^#!-ed up”<br />don’t they understand?<br />
    39. 39.
    40. 40. So, they are leaving (or not coming at all)<br />First time in U.S. history----- reverse brain drain, over 100,000 high skilled immigrants are expected to leave the U.S. in next 10 years<br />
    41. 41. They see new opportunity in their home countries, or are welcomed in other countries<br />
    42. 42. Canada and other countries are coming to U.S. soil to recruit our disgruntled high-skill immigrants, offering them fast-track citizenship, jobs, and business support<br />
    43. 43. This is what NYC Mayor Bloomberg calls: <br />“National Suicide.”<br />
    44. 44. And not just PhD immigrants ----- all hard- working immigrants <br />with a dream. <br />It’s all connected.<br />
    45. 45. $1.5 trillion added to GDP in next 10 years <br />….If we legalize the 11 million undocumented persons in U.S.<br />Study at UCLA, 2010<br />
    46. 46. “The richest regions are those with the highest proportion of immigrants.” President’s Commission on Immigration, 1953<br />
    47. 47. REFUGEES CAN CHANGE THE WORLD <br />
    48. 48. “World Is Flat” Guy, Tom Friedman<br />“Dear America, please remember how you got to be the wealthiest country in history. <br />…the formula was very simple: build this really flexible, really open economy, tolerate creative destruction so dead capital is quickly redeployed to better ideas and companies, <br />Pour into it the most diverse, smart and energetic immigrants from every corner of the world and the stir and repeat, stir and repeat, stir and repeat. <br />
    49. 49. It’s important that we understand WHY so many Americans fear and loathe the new immigrants<br />
    50. 50. America’s Demographics Are A-Changin’<br />* Last decade, 85% of population increase from racial & ethnic minorities<br />* 1 out of 7 new marriages are <br /> interracial <br />
    51. 51.
    52. 52. * Young whites (under 18) are the <br /> minority in 10 states, including <br /> Arizona<br /> * By 2021, the majority of <br /> children 4 and under will be <br /> minority<br /> * By 2042, the majority of all<br /> Americans will be minority<br />
    53. 53.
    54. 54.
    55. 55. Talent is the New Oil. Drill, Baby, Drill!<br />
    56. 56. Want to Win? Build the most powerful teams on the planet <br />(just like NBA)<br />
    57. 57.
    58. 58. The Dream Act<br />
    59. 59. The Staple Act<br />
    60. 60. Can Immigrants Save the Rust Belt?<br />
    61. 61. Fastest Growing Metro Areas for Technology Jobs (Dice)<br />Detroit: 101%<br />Cincinnati: 75%<br />Cleveland: 62%<br />Columbus: 57%<br />Seattle: 54%<br />Pittsburgh: 45%<br />Miami: 43%<br />Jacksonville: 41%<br />Chicago: 40%<br />Silicon Valley: 40%<br />
    62. 62. Expanding Tech Job Market in U.S.<br />Dice by the Numbers<br />As of February 1, 2011*<br />Available Tech Jobs: 74,413<br />Full-time Positions: 46,837<br />Contract Positions: 32,239<br />Part-time Positions: 1,524<br />
    63. 63. Northeast Ohio Immigrants: The Facts<br />Better Educated & Make More Money<br /> * 40% of adult immigrants in 8-county region hold college degree vs. 27% of native-born<br /> * immigrant medium family income in Cuyahoga County is $60,272 vs. $57,463 for native-born.<br />
    64. 64. it’s all connected<br />
    65. 65. Philly enjoys an ecosystem that welcomes & connects immigrants, revitalizing neighborhoods<br />After decades of out-migration, Philly shows population increase for first time in 60 years --- in large part due to influx of immigrants between 2000 and 2010<br />
    66. 66. “I am concerned by the majority’s attempt to manufacture tension between African-Americans and immigrant communities. It seems as though they would like for our communities to think about immigration in terms of ‘us versus them,’ and I reject that notion.”<br />March 1, 2011, Rep. Emanuel Cleaver (D-MO), Congressional Black Caucus<br />
    67. 67. Forbes, 2011: <br />Atlanta: #1<br />Detroit: #47<br />Cleveland: #51 <br />Cleveland vs. Atlanta as a Launchpad for Minority Entrepreneurs<br />
    68. 68. Cleveland<br />Silicon Valley <br />
    69. 69. Cleveland vs. Silicon Valley<br />Similar number of nodes of various technology and cultural assets…….but connectivity between each city’s nodes is vastly different<br />
    70. 70. HYPER-CONNECTIVITY (tear down the silos)<br />What Does the New Economy Crave?<br />
    71. 71.
    72. 72. John Sibley Butler, Director of Entrepreneurship, University of Texas, Austin<br />
    73. 73. TiE Global 2903 Bunker Hill Lane, Suite 108, Santa Clara, CA 95054<br />70<br />World’s Largest Non Profit <br />Fostering Entrepreneurship<br /> EDUCATING MENTORING NETWORKING <br />Scaling to Next Level<br />October 12 2010<br />Kansas City<br />Tokyo<br />Silicon Valley<br />Dubai<br />Singapore<br />Mauritius<br />Melbourne<br />Extending Global Footprint<br />
    74. 74. Hey, America…..time to <br />“think like an immigrant!”<br />
    75. 75. Key to Success: “think like an immigrant”OmidKordestani<br />
    76. 76. WAKE-UP, AMERICA!<br />Want Jobs? Tap the Immigrant Dividend<br />Welcome the Job-Creators by Reforming Immigration Law & Changing Our Attitudes <br />www.ImmigrantInc.com<br />
    77. 77. Good Luck<br />
    78. 78.
    79. 79. We Are All Immigrants<br />
    80. 80. Immigration Law Firm for Businesses & Families<br />Richard T. Herman, Esq.<br />Herman Legal Group<br />www.HermanLegalGrouup.com<br />(216) 696-6170<br />Rich@HermanLegalGroup.com<br />

    ×