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Are We Still Afraid of
        Immigrants?

                 How Immigrants
                 Create American Jobs



                        New Hampshire’s First
Richard Herman      Immigrant Integration Conference
                            April 14, 2012
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%
Can Immigrants Help Save
the Rust Belt & U.S. Economy?
….Isn’t “Immigrant”
  a Dirty Word?
182
Number                     146
of Shows
Including
                                     74
Discussion
of Illegal
Immigration
                Lou
in 2007                 O'Reilly
               Dobbs               Glenn
                        Factor
              Tonight              Beck
52%
                             45%
Proportions                           39%
of Discussions
on Illegal
Immigration
Mentioning
Crime in 2007      Lou
                           O'Reilly
                  Dobbs               Glenn
                           Factor
                 Tonight              Beck
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.
We don’t talk about
immigrants as the Dream-
    Keepers, the Job-
 Creators, the Bedrock of
   Family-Values, the
  ENGINE that makes
     America work!
A New Local/National Movement:
   Welcoming Immigrants to Spur
         Economic Growth
Chicago Mayor‟s
Office for New
Americans




Global Philly
Immigrant-Founded Companies







           Compiled by Richard Herman, www.ImmigrantInc.com
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;
7 of 10 most valuable brands in the
world were created by U.S. immigrants
    or children of U.S. immigrants

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
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
In 2012, with the Rust Belt &
 U.S. economy stuck in first
      gear, it’s time we
remember……..how to drive
    the economy …..FAST
we welcome the
 job-creators
When it comes to job
growth, STARTUP
companies aren’t
everything……..
they’re the ONLY
THING!
So WHO are
 behind the
 startups in
  America?
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
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 -
     BACKED FIRMS IN U.S. FOUNDED BY
     IMMIGRANTS

 *   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
     INCREASES TO 40%

 *   MARKET CAP OF $500 BILLION ---
     PUBLIC, VENTURE BACKED
     I M M I G R A N T C O M PA N I E S
“To immigrate is an
entrepreneurial act”
      --Ed Roberts, Founder
    MIT Entrepreneurship Center
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
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.
Intl Students Who Stay = Jobs for U.S.



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:
Foreign Students in New Hampshire, National Rank and
                       Economic Impact

                                                     Rank in US       Total
        FOREIGN STUDENTS IN NH                          #42           2,626

                                                                      +12.6%

        ESTIMATED FOREIGN STUDENTS EXPENDITURE IN                     $86.8
        NH (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%

  NH Institutions with the Highest Number of Foreign Students
                  Institution              City               Total
              Dartmouth College         Hanover               1,106
         S. New Hampshire University   S. Hooksett             837
               University of NH          Durham                326
             New England College        Henniker               142
How About Undocumented
Workers & Lower Skilled Jobs?


  *   Undocumented Workers
      Negatively Impact U.S. Worker
      Wages by 0.15 % ---less than 2/10 of
      of 1%
                        U.S. Federal Reserve Bank, Atlanta


  *   E a c h L o we r- S k i l l e d , N o n - A g Wo r k e r
      i n S h o r t a g e O c c u p a t i o n c re a t e s 4 . 6
      American Jobs.
                        Partnership New American Economy
Immigrants largely
compliment, not
displace, American-born
workforce.

Immigrant workers usually
work in high-skilled or lower
skilled jobs, where U.S. has a
shortage of workers.




Today, there are about 3
million unfilled jobs in
America
 2.8 Million Businesses
Latino-
            $400 Billion in Annual
Owned        Revenue
Business    $65 Billion in Payroll
            2.2 Million Employees
in USA
$1.5 trillion added to GDP
       in next 10 years


….If we legalize the 11 million
undocumented persons in U.S.
                    Study at UCLA, 2010
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….
U.S. Immigration & Its Job-Creation Capacity:


               BROKEN
Immigration Policy Is Not Aligned with
Nation‟s Economic Development Needs


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

 Malawi = India (nationality quotas: each
 country allocated 7% of employment based
 green cards per year, regardless of their nation’s
 population)
These quotas are nearly 60
 years old ----- they have no
relationship 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 Card
We treat them like DIRT,
instead of the GOLDEN-
   JOB-CREATORS!
So, they are leaving (or not
       coming at all)
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
+
What part of

“legal immigration is
   #!@x^#!-ed up”

don’t they understand?
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
They see new opportunity in
their home countries, or are
welcomed in other countries
This is what NYC Mayor
    Bloomberg calls:

“National Suicide.”
And not just PhD
immigrants ----- all hard-
  working immigrants
    with a dream.

    It’s all connected.
REFUGEES CAN CHANGE
    THE WORLD
“The richest regions are
those with the highest
proportion of immigrants.”
       President’s Commission on
       Immigration, 1953
Want to Win?
  Build the most
powerful 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, 2011
Republican-Sponsored Bill:
       “BRAIN Act”



U.S. Rep. Tim Griffin, Arkansas (R)
Talent is the
New Oil.
Drill, Baby, Dr
ill!
* Immigration Enforcement is
                not the top-tier, hot button issue

              * 72% are open to allowing intl students
Poll of         educated in U.S. to enter workforce
                after graduation
Likely Iowa
Republican    * 64% open to streamlining process for
                employers to hire unfilled seasonal
Caucus          and permanent jobs

Members       * 71% open to increasing opportunities
                for foreign entrepreneurs move to
                U.S. to start a new business
Frank Luntz
                pollster & author

          “What Americans Really Want”




“We all agree that current
 immigration system is
         broken”

“Tall Fences, Wide Gates”
“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.”
It’s important that we
understand WHY so many
Americans fear and loathe
   the new immigrants
America’s Demographics Are
        A-Changin’

*   Last decade, 85% of population
    increase from racial & ethnic
    minorities

*   1 out of 7 new marriages are
    interracial
*   Young whites (under 18) are the
    minority in 10 states, including
    Arizona

*   By 2021, the majority of
    children 4 and under will be
    minority

*   By 2042, the majority of all
    Americans will be minority
“Iam concerned by the
                      majority’s attempt to
                      manufacture tension
                      between African-
                      Americans and
                      immigrant
                      communities. It seems
                      as though they would like
March 1, 2011, Rep.   for our communities to
Emanuel Cleaver (D-   think about immigration
MO), Congressional    in terms of „us versus
Black Caucus          them,‟ and I reject that
                      notion.”
The intercultural approach goes beyond
equal opportunities and respect for
existing cultural differences, to the
pluralist transformation of public
space, civic culture and institutions.

So it does not recognize cultural
boundaries as fixed but as in a state of
flux and remaking
Putting Out the
         Welcome Mat


     -Building the “Intercultural City”

-Abandoning practice of segregated diversity

         Our Future Is in the “Mix”
We Are All Immigrants
Nearly 2/3 of America
 is an immigrant, a
child or grandchild of
  an immigrant, or
    married to an
      immigrant
some came to these shores
voluntarily……..some did not
It’s in our DNA
we are strivers and survivors
Key to Success:

“think like an
  immigrant”
       Omid Kordestani
7 Steps to
 “thinking like an immigrant”
1.) Explore the world. Become a “Marco Polo.” (get out of your
comfort zone)

2.) Education. Take more classes! Regardless of your age or stage in
life, never forget that your “inner immigrant” craves life-long education
and reveres education as an asset than can never be taken away from you.

3.) Honor Parents‟ Sacrifice. “Honor thy father and thy
mother.” Honor their sacrifice with every step you take toward your
dream. Leverage this motivation --- fulfill your moral duty to achieve
success.
7 Steps to
      “thinking like an immigrant
4.) Collaborate & Team-Up. Find the best partners. You can’t do it
alone. Find the very best partner (often this will be an immigrant) and
team-up. Look to groups like TiE, HYSTA, Techwadi.

5.) Take Risk. Make some big bets in your business and professional
career. Immigrant business success has a lot to do with high risk
tolerance.

6.) Embrace Desperation. Act like you have nothing to fall back on,
and work like your life depends on it. Convince yourself that your savings
account is empty, and that your daily work offers the only hope of survival.
Eat what you kill!

7.) Dream. And dream big!
Want Jobs?
Tap the
Immigrant
Dividend

Welcome the
Job-Creators by   For More Info:
Changing           www.ImmigrantInc.com
Perceptions &
Reforming
Immigration
Law
Good Luck

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New Hampshire Immigrant Integration Conference

  • 1. Are We Still Afraid of Immigrants? How Immigrants Create American Jobs New Hampshire’s First Richard Herman Immigrant Integration Conference April 14, 2012
  • 2.
  • 3. 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%
  • 4. Can Immigrants Help Save the Rust Belt & U.S. Economy?
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. 182 Number 146 of Shows Including 74 Discussion of Illegal Immigration Lou in 2007 O'Reilly Dobbs Glenn Factor Tonight Beck
  • 12. 52% 45% Proportions 39% of Discussions on Illegal Immigration Mentioning Crime in 2007 Lou O'Reilly Dobbs Glenn Factor Tonight Beck
  • 13. 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.
  • 14. We don’t talk about immigrants as the Dream- Keepers, the Job- Creators, the Bedrock of Family-Values, the ENGINE that makes America work!
  • 15. A New Local/National Movement: Welcoming Immigrants to Spur Economic Growth Chicago Mayor‟s Office for New Americans Global Philly
  • 16. Immigrant-Founded Companies   Compiled by Richard Herman, www.ImmigrantInc.com
  • 17.
  • 18. 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;
  • 19. 7 of 10 most valuable brands in the world were created by U.S. immigrants or children of U.S. immigrants 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
  • 20. 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
  • 21. In 2012, with the Rust Belt & U.S. economy stuck in first gear, it’s time we remember……..how to drive the economy …..FAST
  • 22. we welcome the job-creators
  • 23. When it comes to job growth, STARTUP companies aren’t everything…….. they’re the ONLY THING!
  • 24. So WHO are behind the startups in America?
  • 25. 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
  • 26. 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 - BACKED FIRMS IN U.S. FOUNDED BY IMMIGRANTS * 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 INCREASES TO 40% * MARKET CAP OF $500 BILLION --- PUBLIC, VENTURE BACKED I M M I G R A N T C O M PA N I E S
  • 27. “To immigrate is an entrepreneurial act” --Ed Roberts, Founder MIT Entrepreneurship Center
  • 28. 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
  • 29. 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.
  • 30. Intl Students Who Stay = Jobs for U.S. 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:
  • 31. Foreign Students in New Hampshire, National Rank and Economic Impact Rank in US Total FOREIGN STUDENTS IN NH #42 2,626 +12.6% ESTIMATED FOREIGN STUDENTS EXPENDITURE IN $86.8 NH (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% NH Institutions with the Highest Number of Foreign Students Institution City Total Dartmouth College Hanover 1,106 S. New Hampshire University S. Hooksett 837 University of NH Durham 326 New England College Henniker 142
  • 32. How About Undocumented Workers & Lower Skilled Jobs? * Undocumented Workers Negatively Impact U.S. Worker Wages by 0.15 % ---less than 2/10 of of 1% U.S. Federal Reserve Bank, Atlanta * E a c h L o we r- S k i l l e d , N o n - A g Wo r k e r i n S h o r t a g e O c c u p a t i o n c re a t e s 4 . 6 American Jobs. Partnership New American Economy
  • 33. Immigrants largely compliment, not displace, American-born workforce. Immigrant workers usually work in high-skilled or lower skilled jobs, where U.S. has a shortage of workers. Today, there are about 3 million unfilled jobs in America
  • 34.  2.8 Million Businesses Latino-  $400 Billion in Annual Owned Revenue Business  $65 Billion in Payroll  2.2 Million Employees in USA
  • 35. $1.5 trillion added to GDP in next 10 years ….If we legalize the 11 million undocumented persons in U.S. Study at UCLA, 2010
  • 36. 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….
  • 37. U.S. Immigration & Its Job-Creation Capacity: BROKEN
  • 38. Immigration Policy Is Not Aligned with Nation‟s Economic Development Needs 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 Malawi = India (nationality quotas: each country allocated 7% of employment based green cards per year, regardless of their nation’s population)
  • 39. These quotas are nearly 60 years old ----- they have no relationship with the needs of America’s New Economy
  • 40. 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
  • 41. We treat them like DIRT, instead of the GOLDEN- JOB-CREATORS!
  • 42. So, they are leaving (or not coming at all) 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
  • 43. +
  • 44. What part of “legal immigration is #!@x^#!-ed up” don’t they understand?
  • 45. 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
  • 46. They see new opportunity in their home countries, or are welcomed in other countries
  • 47. This is what NYC Mayor Bloomberg calls: “National Suicide.”
  • 48. And not just PhD immigrants ----- all hard- working immigrants with a dream. It’s all connected.
  • 49. REFUGEES CAN CHANGE THE WORLD
  • 50. “The richest regions are those with the highest proportion of immigrants.” President’s Commission on Immigration, 1953
  • 51. Want to Win? Build the most powerful teams on the planet (just like NBA)
  • 52.
  • 55. Fairness for High-Skilled Immigrants Act U.S. HOUSE OF REPRESENTATIVES PASSED BILL 389 TO 15 NOVEMBER 29, 2011
  • 56. Republican-Sponsored Bill: “BRAIN Act” U.S. Rep. Tim Griffin, Arkansas (R)
  • 57. Talent is the New Oil. Drill, Baby, Dr ill!
  • 58. * Immigration Enforcement is not the top-tier, hot button issue * 72% are open to allowing intl students Poll of educated in U.S. to enter workforce after graduation Likely Iowa Republican * 64% open to streamlining process for employers to hire unfilled seasonal Caucus and permanent jobs Members * 71% open to increasing opportunities for foreign entrepreneurs move to U.S. to start a new business
  • 59. Frank Luntz pollster & author “What Americans Really Want” “We all agree that current immigration system is broken” “Tall Fences, Wide Gates”
  • 60. “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.”
  • 61. It’s important that we understand WHY so many Americans fear and loathe the new immigrants
  • 62. America’s Demographics Are A-Changin’ * Last decade, 85% of population increase from racial & ethnic minorities * 1 out of 7 new marriages are interracial
  • 63.
  • 64. * Young whites (under 18) are the minority in 10 states, including Arizona * By 2021, the majority of children 4 and under will be minority * By 2042, the majority of all Americans will be minority
  • 65.
  • 66.
  • 67. “Iam concerned by the majority’s attempt to manufacture tension between African- Americans and immigrant communities. It seems as though they would like March 1, 2011, Rep. for our communities to Emanuel Cleaver (D- think about immigration MO), Congressional in terms of „us versus Black Caucus them,‟ and I reject that notion.”
  • 68. The intercultural approach goes beyond equal opportunities and respect for existing cultural differences, to the pluralist transformation of public space, civic culture and institutions. So it does not recognize cultural boundaries as fixed but as in a state of flux and remaking
  • 69. Putting Out the Welcome Mat -Building the “Intercultural City” -Abandoning practice of segregated diversity Our Future Is in the “Mix”
  • 70. We Are All Immigrants
  • 71. Nearly 2/3 of America is an immigrant, a child or grandchild of an immigrant, or married to an immigrant
  • 72. some came to these shores voluntarily……..some did not
  • 73. It’s in our DNA we are strivers and survivors
  • 74. Key to Success: “think like an immigrant” Omid Kordestani
  • 75. 7 Steps to “thinking like an immigrant” 1.) Explore the world. Become a “Marco Polo.” (get out of your comfort zone) 2.) Education. Take more classes! Regardless of your age or stage in life, never forget that your “inner immigrant” craves life-long education and reveres education as an asset than can never be taken away from you. 3.) Honor Parents‟ Sacrifice. “Honor thy father and thy mother.” Honor their sacrifice with every step you take toward your dream. Leverage this motivation --- fulfill your moral duty to achieve success.
  • 76. 7 Steps to “thinking like an immigrant 4.) Collaborate & Team-Up. Find the best partners. You can’t do it alone. Find the very best partner (often this will be an immigrant) and team-up. Look to groups like TiE, HYSTA, Techwadi. 5.) Take Risk. Make some big bets in your business and professional career. Immigrant business success has a lot to do with high risk tolerance. 6.) Embrace Desperation. Act like you have nothing to fall back on, and work like your life depends on it. Convince yourself that your savings account is empty, and that your daily work offers the only hope of survival. Eat what you kill! 7.) Dream. And dream big!
  • 77.
  • 78. Want Jobs? Tap the Immigrant Dividend Welcome the Job-Creators by For More Info: Changing  www.ImmigrantInc.com Perceptions & Reforming Immigration Law

Editor's Notes

  1. And whose talking about immigration? (How many shows does Lou Dobbs do a year? Is he on 7 days a week? If he only does 5 days/week than he covers illegal immigration 4 of those 5 nights).
  2. And when these guys talk about immigration, they talk about crime and welfare and all the problems these immigrants generate. I mean it’s a well-known fact that immigrants generate crime and that our border states are overrun in criminal activity from Mexican drug cartels. Isn’t it?
  3. LOOK AT THE FACTS: According to the Associated Press report in June 2010 “The top four big cities in America with the lowest rates of violent crime are all in border states: San Diego, Phoenix, El Paso and Austin, according to a new FBI report. And an in-house Customs and Border Protection report shows that Border Patrol agents face far less danger than street cops in most U.S. cities.” Immigrant incarceration rates are 20% of non-immigrant rates, a robust statistic that holds up even after naturalization.WELL, LET’S LOOK AT SOME MORE FACTS UNCOVERED IN THE GLOBAL DETROIT REPORT
  4. Here is our mission: Immigrants and economic development
  5. 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