Immigrant Entrepreneurs          &      Innovators                 Why New Immigration                 Law Is Key to Creat...
Rust Belt (my home) Is Hemorrhaging               Jobs & People—  MICHIGAN                      —  OHIO ¡    Over last ...
In 2011, with the Rust Belt & U.S. economy stuck in first      gear, it’s time weremember……..how to drive   the economy …....
we welcome the job-creators
When it comes to jobgrowth, STARTUPcompanies aren’teverything……..they’re the ONLYTHING!
STARTUPS:New employment paradigm•    ALL net job creation in America over last     25 years comes from STARTUPS ---     cr...
So WHO are behind the startups in  America?
USA: Immigrants Driving the        New Economy             &     Urban Revitalization¡ *  Immigrants twice as likely as n...
Immigrant-Founded Companies— —              Compiled by Richard Herman, www.ImmigrantInc.com
Immigrants Start    Companies & Create Jobs*    40% of Fortune 500 companies were     founded by an immigrant or child of ...
7 of 10 most valuable brands in theworld were created by U.S. immigrants    or children of U.S. immigrantsFord        Goog...
The venture capitalists know a      deal when they see one 	   *      	   25 % 	  O F 	  A L L 	   P U B L I C , 	  V E N ...
“To immigrate is anentrepreneurial act”     --Ed Roberts, Founder   MIT Entrepreneurship Center
Immigrants Are Driving         U.S. Innovation*   Immigrants filing patents at    twice rate of American-    born.*   Immi...
Immigrants Can Drive Exports—  Research in Sweden demonstrates that a 10 percent increase in immigrant population was lin...
Intl Students Who Stay = Jobs for U.S.For every 100 international students whostay after earning U.S. advanced degreesin s...
Foreign Students in North Carolina, National Rank and                        Economic Impact                              ...
Immigrants have created millions of jobs for     Americans, and will create millions more….if we let them --- in advanced ...
Can Immigrants Help Savethe Rust Belt & U.S. Economy?
But….Isn’t “Immigrant”  a Dirty Word?
Immigration and Crime FACTS— 	  	  San	  Diego,	  Phoenix,	  El	  Paso,	  and	  Austin	  	  — 	  	  Immigrant	  Incarcer...
Immigrants largelycompliment, not displace,American-born workforce.Immigrant workers usuallywork in high-skilled or lowers...
We don’t talk aboutimmigrants as the Dream-Keepers, the Job-Creators,  the Bedrock of Family-Values, the ENGINE that   mak...
A New Local/National Movement:   Welcoming Immigrants to Spur         Economic GrowthChicago Mayor’sOffice for NewAmerican...
U.S. Immigration & Its Job-Creation Capacity:               BROKEN
Immigration Policy Is Not Aligned withNation’s Economic Development NeedsDiscriminate Against Highly Skilled. Of1 Million ...
These quotas are nearly 60 years old ----- they have norelationship with the needs of   America’s New Economy
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...
We treat them like DIRT,instead of the GOLDEN-   JOB-CREATORS!
This is what NYC Mayor    Bloomberg calls:“National Suicide.”
And not just PhDimmigrants ----- all hard-  working immigrants    with a dream.    It’s all connected.
$1.5 trillion added to GDP       in next 10 years….If we legalize the 11 millionundocumented persons in U.S.              ...
“The richest regions arethose with the highestproportion of immigrants.”       President’s Commission on       Immigration...
Want to Win?  Build the mostpowerful teams on     the planet  (just like NBA)
The Staple Act
The Dream Act
Fairness for High-Skilled    Immigrants Act      U.S. HOUSE OF REPRESENTATIVES PASSED      BILL 389 TO 15    NOVEMBER 29, ...
Republican-Sponsored Bill:       “BRAIN Act”U.S. Rep. Tim Griffin, Arkansas (R)
* Immigration Enforcement is                not the top-tier, hot button issue              * 72% are open to allowing int...
Frank Luntz                pollster & author          “What Americans Really Want”“We all agree that current immigration s...
Talent is theNew Oil.Drill, Baby,Drill!
“World Is Flat” Guy, Tom Friedman         “Pour into the America the         most diverse, smart and         energetic imm...
We Are All Immigrants
Key to Success:“think like an  immigrant”       Omid Kordestani
Want	  Jobs?	  	  	  	  	  Tap	  the	  Immigrant	  Dividend	  	  Welcome	  the	                For	  More	  Info:	  	  	  ...
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"
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Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"

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Keynote by Richard Herman, immigration lawyer and co-author of "Immigrant, Inc." Event titled "Attracting the Best & Brightest: Growing Our Economy Through Smarter Immigration Policies." 3/12/2012. Event sponsored by Partnership for a New American Economy, Raleigh Chamber of Commerce, NC Technology Association, NC Bio, CED, Research Triangle Foundation, Reserach Triangle Regional Partnership. Richard's talk was followed by panel comprised of Dr. James Goodnight, SAS, Rick McNeel, LORD Corporation, Dr. Louis Martin-Vega, NC State University, Dr. Eric Buckland, Bioptigen. Panel was followed by presentation by U.S. Representative David Price. Speaking on behalf of Partnership for New American Economy and Mayor Michael Bloomberg was Robert Feldstein.

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Richard Herman's Presentation at Raleigh Chamber of Commerce, titled "Immigrant Entrepreneurs and Innovators"

  1. 1. Immigrant Entrepreneurs & Innovators Why New Immigration Law Is Key to Creating American JobsRichard Herman Greater Raleigh Chamber of Commerce March 12, 2012
  2. 2. Rust Belt (my home) Is Hemorrhaging Jobs & People—  MICHIGAN —  OHIO ¡  Over last 10 years, lost ¡  Over last 10 years, lost ¡  790,000 jobs 525,000 jobs ¡  Detroit: over last 60 ¡  Cleveland: over last 60 years, lost 50% of years, lost 60% of population (1.8 million population (950,000 to to 900,000) 396,000) (17% in 10 yrs) ¡  Percentage of ¡  Percentage of immigrants dropped immigrants dropped from 30% to 10% from 30% to 5%
  3. 3. In 2011, with the Rust Belt & U.S. economy stuck in first gear, it’s time weremember……..how to drive the economy …..FAST
  4. 4. we welcome the job-creators
  5. 5. When it comes to jobgrowth, STARTUPcompanies aren’teverything……..they’re the ONLYTHING!
  6. 6. STARTUPS:New employment paradigm•  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
  7. 7. So WHO are behind the startups in America?
  8. 8. USA: Immigrants Driving the New Economy & Urban Revitalization¡ * 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;
  9. 9. Immigrant-Founded Companies— —  Compiled by Richard Herman, www.ImmigrantInc.com
  10. 10. Immigrants Start Companies & Create Jobs* 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
  11. 11. 7 of 10 most valuable brands in theworld were created by U.S. immigrants or children of U.S. immigrantsFord Google IntelGE Budweiser Home DepotAT&T McDonald’s U.S. SteelBoeing IBM DowDisney Kraft UPSApple Procter & Gamble Estee LauderHertz Levi’s DuPontPfizer Bank of America Heinz
  12. 12. The venture capitalists know a deal when they see one   *   25 %  O F  A L L   P U B L I C ,  V E N T U R E -­‐  B A C K E D   F I R M S   I N  U . S .   F O U N D E D   B Y    I M M I G R A N T S     *  A D D   H I G H  T E C H   L A B E L ,   P E R C E N TA G E    I N C R E A S E S  T O   4 0 %     *   M A R K E T  C A P  O F   $ 5 0 0   B I L L I O N   -­‐ -­‐ -­‐  P U B L I C ,  V E N T U R E   B A C K E D    I M M I G R A N T  C O M PA N I E S  
  13. 13. “To immigrate is anentrepreneurial act” --Ed Roberts, Founder MIT Entrepreneurship Center
  14. 14. Immigrants Are Driving U.S. Innovation* Immigrants filing patents at twice rate of American- born.* Immigrant patent filings: 72% Qualcomm, 65% Merck, 64% GE, 60% Cisco
  15. 15. Immigrants Can Drive Exports—  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.
  16. 16. Intl Students Who Stay = Jobs for U.S.For every 100 international students whostay after earning U.S. advanced degreesin science, technology, engineering ormath a CREATE 262 JOBS IN AMERICA 2011 Study by American Enterprise Institute & Partnership for New American Economy:
  17. 17. Foreign Students in North Carolina, National Rank and Economic Impact Rank  in  US   Total   FOREIGN  STUDENTS  IN  NORTH  CAROLINA   #17   12,824   (up  4.2%)   ESTIMATED  FOREIGN  STUDENTS  EXPENDITURE  IN   $304   NORTH  CAROLINA    (in  millions  of  dollars)   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%N. Carolina Institutions with the Highest Number of Foreign Students InsLtuLon   City   Total   North  Carolina  State  University     Raleigh   3,235   Duke  University  &  Med  Center   Durham   2,485   University  of  N.  Carolina   Chapel  Hill   1,674   University  of  N.  Carolina   CharloKe   1,300  
  18. 18. Immigrants have created millions of jobs for Americans, and will create millions more….if we let them --- in advanced manufacturing, clean energy, biotech, advanced materials, exports….
  19. 19. Can Immigrants Help Savethe Rust Belt & U.S. Economy?
  20. 20. But….Isn’t “Immigrant” a Dirty Word?
  21. 21. Immigration and Crime FACTS—     San  Diego,  Phoenix,  El  Paso,  and  Austin    —     Immigrant  Incarceration  Rates  are  one-­‐fifth  the  incarceration  rates  of  people  born  in  the  U.S.    
  22. 22. Immigrants largelycompliment, not displace,American-born workforce.Immigrant workers usuallywork in high-skilled or lowerskilled jobs, where U.S. has ashortage of workers.Today, there are about 3million unfilled jobs inAmerica
  23. 23. We don’t talk aboutimmigrants as the Dream-Keepers, the Job-Creators, the Bedrock of Family-Values, the ENGINE that makes America work!
  24. 24. A New Local/National Movement: Welcoming Immigrants to Spur Economic GrowthChicago Mayor’sOffice for NewAmericansGlobal Philly
  25. 25. U.S. Immigration & Its Job-Creation Capacity: BROKEN
  26. 26. Immigration Policy Is Not Aligned withNation’s Economic Development NeedsDiscriminate Against Highly Skilled. Of1 Million Green Cards issued per year, only4-5% or given to highly skilled (advanceddegreed) or investor immigrants Malawi = India (nationality quotas: each country allocated 7% of employment based green cards per year, regardless of their nation’s population)
  27. 27. These quotas are nearly 60 years old ----- they have norelationship with the needs of America’s New Economy
  28. 28. 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
  29. 29. We treat them like DIRT,instead of the GOLDEN- JOB-CREATORS!
  30. 30. This is what NYC Mayor Bloomberg calls:“National Suicide.”
  31. 31. And not just PhDimmigrants ----- all hard- working immigrants with a dream. It’s all connected.
  32. 32. $1.5 trillion added to GDP in next 10 years….If we legalize the 11 millionundocumented persons in U.S. Study at UCLA, 2010
  33. 33. “The richest regions arethose with the highestproportion of immigrants.” President’s Commission on Immigration, 1953
  34. 34. Want to Win? Build the mostpowerful teams on the planet (just like NBA)
  35. 35. The Staple Act
  36. 36. The Dream Act
  37. 37. Fairness for High-Skilled Immigrants Act U.S. HOUSE OF REPRESENTATIVES PASSED BILL 389 TO 15 NOVEMBER 29, 2011
  38. 38. Republican-Sponsored Bill: “BRAIN Act”U.S. Rep. Tim Griffin, Arkansas (R)
  39. 39. * Immigration Enforcement is not the top-tier, hot button issue * 72% are open to allowing intl studentsPoll of educated in U.S. to enter workforce after graduationLikely IowaRepublican * 64% open to streamlining process for employers to hire unfilled seasonalCaucus and permanent jobsMembers * 71% open to increasing opportunities for foreign entrepreneurs move to U.S. to start a new business
  40. 40. Frank Luntz pollster & author “What Americans Really Want”“We all agree that current immigration system is broken”“Tall Fences, Wide Gates”
  41. 41. Talent is theNew Oil.Drill, Baby,Drill!
  42. 42. “World Is Flat” Guy, Tom Friedman “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.”
  43. 43. We Are All Immigrants
  44. 44. Key to Success:“think like an immigrant” Omid Kordestani
  45. 45. Want  Jobs?          Tap  the  Immigrant  Dividend    Welcome  the   For  More  Info:        Job-­‐Creators  by   —  www.ImmigrantInc.com  Reforming  Immigration    Law  &  Changing    Perceptions

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