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Richard Herman 
September 13, 2014 
Onam-Ponnonam 
Kerala Association of Ohio
why 
Immigrants?
 OHIO 
◦ Over last 10 years, lost 525,000 jobs 
◦ Cleveland: over last 60 years, lost 60% of 
population (950,000 to 396,000) (17% in 
10 yrs) 
◦ Percentage of immigrants dropped from 
30% to 5%
“The richest regions are 
those with the highest 
proportion of 
immigrants.” 
President’s Commission 
on Immigration, 1953
 Family 
Education 
 Entrepreneurship 
Self-Reliance 
Thrift 
Love of Country & the Dream
• 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
When it comes to 
job growth, 
STARTUP companies 
are the BIG BANG!
So WHO are 
behind the 
startups in 
America?
◦ * Immigrants twice as likely as native-born 
◦ to start a business; 
◦ * Immigrants founded more than 50% of the 
high-tech companies in Silicon Valley; 
◦ * Immigrants are more likely to earn an 
advanced degree, invent something, 
and be awarded a U.S. patent;
 
 
Compiled by Richard Herman, 
www.ImmigrantInc.com
*40% of Fortune 500 companies were founded by 
an immigrant or child of an immigrant 
*These companies employ 10 million people 
worldwide, and generate $4,200,000,000,000 in 
revenue per year 
2011 study by Partnership for a New American 
Economy
Ford Google Intel 
GE Budweiser Home Depot 
AT&T McDonald’s U.S. Steel 
Boeing IBM Dow 
Disney Kraft UPS 
Apple Procter & Gamble Estee Lauder 
Hertz Levi’s DuPont 
Pfizer Bank of America Heinz
“To immigrate is 
an entrepreneurial 
act” 
--Ed Roberts, Founder 
MIT Entrepreneurship 
Center
•13,740 Asian owned businesses had sales of $5.1 
billion, and employed 42,955 people 
•*7,109 Latino owned businesses had sales of $1.3 
billion and employed 11,348 people 
•*2009 purchasing power of Ohio’s Latino’s totaled 
$6.6 billion (increasing 334% since 1990) 
•*Asian buying power totaled $6.9 billion (increase 
of 270% since 1990)
 * Immigrants filing patents at 
twice rate of American-born. 
 * Immigrant patent filings: 
72% Qualcomm, 65% Merck, 
64% GE, 60% Cisco
For every 100 international students 
who stay after earning U.S. advanced 
degrees in science, technology, 
engineering or math a CREATE 262 
JOBS IN AMERICA 
2011 Study by American Enterprise Institute 
& Partnership for New American Economy:
Rank in US Total 
FOREIGN STUDENTS IN OH #8 24,709 
+10.5% 
ESTIMATED FOREIGN STUDENTS EXPENDITURE IN 
OH (in millions of dollars) 
$662 
Percent of Foreign Student’s in STEM Fields of Study: 36.1% 
Percent of U.S. Undergraduate Student’s in STEM Fields of Study: 13.7% 
OH Institutions with Foreign Students 
Institution City Total 
Ohio State University Columbus 6082 
CWRU Cleveland 1559 
CSU Cleveland 1500 
Tri-C Cleveland 288
 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.
10% of Fortune 100 CEOs Are Immigrants 
Despite coming from demographic that comprises 
1.5% of U.S. population
And not just PhD 
international students --- 
-- all hard- working 
immigrants 
with a dream. 
It’s all connected.
We don’t talk about 
immigrants as the 
Dream-Keepers, the Job- 
Creators, the Bedrock of 
Family-Values, the 
ENGINE that makes 
America work!
Immigrants have created millions of jobs in 
America, and will create millions more, if we 
let them…..
•1965 Immigration Act; 
•Vinod Dham, Kanwal Rekhi, Vinod Khosla 
•Leaders in Science, Medicine, Corporations, 
Technology, Entrepreneurship; 
•52% of tech workforce in Silicion Valley 
•CEOs: Satya Nadella (Microsoft), Indra Nooyi (Pepsi), 
•Ajay Banga (Mastercard), Anshu Jain (Deutsche Bank)
34
Global Philly 
Baltimore 
Columbus 
St. Louis 
Cincinnati 
Dayton 
Global Philly Detroit
we welcome the 
job-creators
We Are All Immigrants
Nearly 2/3 of 
America is an 
immigrant, a child or 
grandchild of an 
immigrant, or 
married to an 
immigrant
“Pour into the America the 
most diverse, smart and 
energetic immigrants from 
every corner of the world 
and the stir and repeat, stir 
and repeat, stir and repeat.”
Want to Win? Build 
the most powerful 
teams on the planet 
(just like NBA, MLB, NHL)
Talent is the 
New Oil. 
Drill, Baby, 
Drill!
HYPER-CONNECTIVITY
Cleveland Silicon Valley
Smart Inclusion
Welcome to the New Cleveland
Key to Success: 
“think like an 
immigrant” 
Omid 
Kordestani
Contact Me 
Richard Herman 
 Email: RichardtmHerman@gmail.com 
 Phone: 216-696-6170 
 Social Media

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The AMAZING Success of Indian Immigrants in America!

  • 1. Richard Herman September 13, 2014 Onam-Ponnonam Kerala Association of Ohio
  • 2.
  • 4.
  • 5.
  • 6.
  • 7.  OHIO ◦ Over last 10 years, lost 525,000 jobs ◦ Cleveland: over last 60 years, lost 60% of population (950,000 to 396,000) (17% in 10 yrs) ◦ Percentage of immigrants dropped from 30% to 5%
  • 8.
  • 9. “The richest regions are those with the highest proportion of immigrants.” President’s Commission on Immigration, 1953
  • 10.  Family Education  Entrepreneurship Self-Reliance Thrift Love of Country & the Dream
  • 11. • 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
  • 12. When it comes to job growth, STARTUP companies are the BIG BANG!
  • 13. So WHO are behind the startups in America?
  • 14.
  • 15. ◦ * Immigrants twice as likely as native-born ◦ to start a business; ◦ * Immigrants founded more than 50% of the high-tech companies in Silicon Valley; ◦ * Immigrants are more likely to earn an advanced degree, invent something, and be awarded a U.S. patent;
  • 16.   Compiled by Richard Herman, www.ImmigrantInc.com
  • 17. *40% of Fortune 500 companies were founded by an immigrant or child of an immigrant *These companies employ 10 million people worldwide, and generate $4,200,000,000,000 in revenue per year 2011 study by Partnership for a New American Economy
  • 18. Ford Google Intel GE Budweiser Home Depot AT&T McDonald’s U.S. Steel Boeing IBM Dow Disney Kraft UPS Apple Procter & Gamble Estee Lauder Hertz Levi’s DuPont Pfizer Bank of America Heinz
  • 19. “To immigrate is an entrepreneurial act” --Ed Roberts, Founder MIT Entrepreneurship Center
  • 20. •13,740 Asian owned businesses had sales of $5.1 billion, and employed 42,955 people •*7,109 Latino owned businesses had sales of $1.3 billion and employed 11,348 people •*2009 purchasing power of Ohio’s Latino’s totaled $6.6 billion (increasing 334% since 1990) •*Asian buying power totaled $6.9 billion (increase of 270% since 1990)
  • 21.  * Immigrants filing patents at twice rate of American-born.  * Immigrant patent filings: 72% Qualcomm, 65% Merck, 64% GE, 60% Cisco
  • 22. For every 100 international students who stay after earning U.S. advanced degrees in science, technology, engineering or math a CREATE 262 JOBS IN AMERICA 2011 Study by American Enterprise Institute & Partnership for New American Economy:
  • 23. Rank in US Total FOREIGN STUDENTS IN OH #8 24,709 +10.5% ESTIMATED FOREIGN STUDENTS EXPENDITURE IN OH (in millions of dollars) $662 Percent of Foreign Student’s in STEM Fields of Study: 36.1% Percent of U.S. Undergraduate Student’s in STEM Fields of Study: 13.7% OH Institutions with Foreign Students Institution City Total Ohio State University Columbus 6082 CWRU Cleveland 1559 CSU Cleveland 1500 Tri-C Cleveland 288
  • 24.  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.
  • 25.
  • 26. 10% of Fortune 100 CEOs Are Immigrants Despite coming from demographic that comprises 1.5% of U.S. population
  • 27. And not just PhD international students --- -- all hard- working immigrants with a dream. It’s all connected.
  • 28.
  • 29. We don’t talk about immigrants as the Dream-Keepers, the Job- Creators, the Bedrock of Family-Values, the ENGINE that makes America work!
  • 30. Immigrants have created millions of jobs in America, and will create millions more, if we let them…..
  • 31.
  • 32.
  • 33. •1965 Immigration Act; •Vinod Dham, Kanwal Rekhi, Vinod Khosla •Leaders in Science, Medicine, Corporations, Technology, Entrepreneurship; •52% of tech workforce in Silicion Valley •CEOs: Satya Nadella (Microsoft), Indra Nooyi (Pepsi), •Ajay Banga (Mastercard), Anshu Jain (Deutsche Bank)
  • 34. 34
  • 35. Global Philly Baltimore Columbus St. Louis Cincinnati Dayton Global Philly Detroit
  • 36. we welcome the job-creators
  • 37. We Are All Immigrants
  • 38. Nearly 2/3 of America is an immigrant, a child or grandchild of an immigrant, or married to an immigrant
  • 39. “Pour into the America the most diverse, smart and energetic immigrants from every corner of the world and the stir and repeat, stir and repeat, stir and repeat.”
  • 40. Want to Win? Build the most powerful teams on the planet (just like NBA, MLB, NHL)
  • 41. Talent is the New Oil. Drill, Baby, Drill!
  • 44.
  • 46. Welcome to the New Cleveland
  • 47. Key to Success: “think like an immigrant” Omid Kordestani
  • 48.
  • 49. Contact Me Richard Herman  Email: RichardtmHerman@gmail.com  Phone: 216-696-6170  Social Media

Editor's Notes

  1. Here is our mission: Immigrants and economic development