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The AMAZING Success of Indian Immigrants in America!
The document discusses the significant contributions of immigrants to job creation and the economy in Ohio and the U.S., citing statistics on entrepreneurship and business ownership among immigrants. Key findings include that immigrants are instrumental in starting new businesses, with many high-tech companies in Silicon Valley founded by them, and their increasing economic impact through purchasing power and job creation. Furthermore, it emphasizes the importance of an inclusive approach to immigration, highlighting that a diverse workforce drives innovation and economic growth.
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The AMAZING Success of Indian Immigrants in America!
- 1. Richard Herman September13, 2014 Onam-Ponnonam Kerala Association of Ohio
- 3.
- 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%
- 9. “The richest regionsare 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 netjob 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 comesto job growth, STARTUP companies are the BIG BANG!
- 13. So WHO are behind the startups in America?
- 15. ◦ * Immigrantstwice 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. Compiledby Richard Herman, www.ImmigrantInc.com
- 17. *40% of Fortune500 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 ownedbusinesses 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. * Immigrantsfiling patents at twice rate of American-born. * Immigrant patent filings: 72% Qualcomm, 65% Merck, 64% GE, 60% Cisco
- 22. For every 100international 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 USTotal 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 inSweden demonstrates that a 10 percent increase in immigrant population was linked to a 6 percent increase in bilateral trade with the immigrants’ home country.
- 26. 10% of Fortune100 CEOs Are Immigrants Despite coming from demographic that comprises 1.5% of U.S. population
- 27. And not justPhD international students --- -- all hard- working immigrants with a dream. It’s all connected.
- 29. We don’t talkabout immigrants as the Dream-Keepers, the Job- Creators, the Bedrock of Family-Values, the ENGINE that makes America work!
- 30. Immigrants have createdmillions of jobs in America, and will create millions more, if we let them…..
- 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)
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- 35. Global Philly Baltimore Columbus St. Louis Cincinnati Dayton Global Philly Detroit
- 36. we welcome the job-creators
- 37. We Are AllImmigrants
- 38. Nearly 2/3 of America is an immigrant, a child or grandchild of an immigrant, or married to an immigrant
- 39. “Pour into theAmerica 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!
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- 46. Welcome to theNew Cleveland
- 47. Key to Success: “think like an immigrant” Omid Kordestani
- 49. Contact Me RichardHerman Email: RichardtmHerman@gmail.com Phone: 216-696-6170 Social Media
Editor's Notes
- #36 Here is our mission: Immigrants and economic development