This is the powerpoint presentation that I am delivering today, 9/13, as part of the Onam Ponnonam celebration hosted by the Kerala Association of Ohio.
The discussion focuses on the amazing contributions of immigrants to America, with a special emphasis on immigrants from India.
The data demonstrates that immigration is America's secret weapon in the hyper-competitive global economy, and that the long-standing immigration reform debate is improperly framed and ultimately undermines the nation's economic and national security.
Immigrants from all countries contribute mightily to the country's economic development, job creation and innovation.
Immigrants from India stand-out from the pack.
I was quoted in this recent article from International Business Times (referring to a quote in Forbes):
”It’s not a surprise that we’re seeing Indians rise in corporate ranks,” said Richard Herman, co-author of a book entitled "U.S., Immigrant Inc.," to Forbes. "Of all the immigrant groups coming in today, Indians are head-and-shoulders above others, and this is partly because of their English-language skills and also the advanced education that many of them are bringing to the U.S.”
http://www.ibtimes.com/rise-indian-americans-u-s-business-infographic-1560450
America needs to understand the job-creation benefits of welcoming immigrants, integrating the foreign-born, and passing comprehensive immigration reform.
Delay on this front is jeopardizing America's future.
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!
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)
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)
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)