The document is a presentation by Richard D. Smith, President and CEO of SMITH-TRG, on how the US can create sustainable job growth and build wealth through innovation. It outlines America's current economic challenges, including high national debt and unemployment. It argues the country needs a "paradigm shift" to designing and growing competitive US businesses. Smith presents six policy keys to achieve this, including economic, regional, education, science/technology, cyber security, and intellectual property policies. He urges stakeholders to commit to execution to achieve success in job creation.

1. Copyright 2010 SMITH-TRG, All rights reserved.
The path to a
Future World
innovation driven economy
By: Richard D. Smith
President & CEO
RDSmith@SMITH-TRG.com
SMITH-TRG

2. My name is Richard D. Smith and I am President
& Managing Principal at SMITH-TRG a business
performance improvement and value creation
consulting firm.
Copyright 2010 SMITH-TRG, All rights reserved.
Copyright 2010 SMITH-TRG, All rights reserved.
Since February 2008 I have also spearheaded
the U.S. Road to Recovery Project - a private
sector initiative to help others nation-wide create
sustainable jobs across industries, sectors,
segments and product lines.
In October, 2009 I authored and published the
U.S. Jobs Creation Plan, 2 million net new jobs
for American citizens in 12 months. Presentation
available to view at www.weSRCH.com under
author Richard Smith.
Today’s presentation reflects lessons learned
and outlines why and how today’s America can
create and build sustainable U.S. job growth &
wealth creation machines for the 21st Century.
Richard D. Smith, CEO
SMITH-TRG

3. Copyright 2010 SMITH-TRG, All rights reserved.
WHERE
STANDS
AMERICA
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$12,725,277,600,615
U.S. National Debt as of 4/2/2010

5. SMITH-TRG
$115,945.00
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National Debt per tax payer
$41,183.00
National Debt per citizen

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$39,446.00
Average American Income
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26,350,699 or 17%
US citizens unemployed/underemployed

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Over 6 Million
Feb/2010 long-term unemployed, nearly double 2009
(40% of U. S. jobless are long-term/un-used intellectual capital)

9. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
15.2%
March/2010 jobless rate for 16 to 29 year olds
(Highest rate since 1948, per Bureau of Labor Statistics)

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The nation's jobless toll is draining unemployment-compensation
funds so fast that, according to federal projections, 40 state programs
will go broke by 2011 and need $90 billion in loans to keep issuing
benefits.
SMITH-TRG

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$50,000,000,000
Economic ‘value impact’ of 1 Million net new jobs

12. SMITH-TRG
Economic Impact of Deferred Jobs Creation
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Fill 10
Each month delay in creating and
Million
filling 1 million U.S. jobs defers Jobs
$50 Billion in annual national
economic benefit/value. Fill 5
Million $500 Billion Value
Jobs
Fill 2
Million $250 Billion Value
Jobs Employing 8 million of 16
million unemployed would
add $400 Billion to national
$100 Billion Value
economy.

13. SMITH-TRG
Job Needs Beginning January 1st, 2010
(‘Net New’ Job Needs Per Month/Every Month)
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200,000 jobs monthly: to reduce ‘jobs deficit’
100,000 jobs monthly: for ‘workforce’ growth
YE 2010 Total: 3,600,000 ‘Net New’ Jobs

14. SMITH-TRG
“Even if the nation could add 2.15
million private-sector jobs per year
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starting in January 2010, it would
need to maintain this pace for
more than 7 straight years (7.63
years), or until August 2017, to
eliminate the 9.4 million jobs
deficit!”
- Advance & Rutgers Report, Sept. 09
By James W. Hughes and Joseph J. Seneca
Edward J. Bloustein School of Planning
& Public Policy

15. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
162,000 new jobs
March 2010 economy added
Includes 48,000 temporary Census workers.
Note: There were net job losses in January & February!

16. SMITH-TRG
Stimulus Employment
The highest and lowest-cost jobs created under
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Economic Stimulus package in last 3 months of 2009
(Source – USA Today research)
LOWEST: USDA/121 jobs/$895,619
Cost per job $7,382.00
HIGHEST: GSA energy efficient vehicles
109 jobs/$104,249,550
Cost per job $959,941.00

17. SMITH-TRG
The
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Vicious Cycle
downward!
Job losses are causing income losses, which in turn are
constraining private demand, reducing tax revenues
and causing higher deficits.

18. SMITH-TRG
And then we have . . .
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The United States
runs a trade deficit
with China that has
exceeded $200 B
annually for the last
five years. . .

19. SMITH-TRG
Plus . . .
Approximately 4.5
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million (second wave)
home foreclosures
expected by August
Much anticipated
commercial real-estate
loan defaults
& Regional community
bank closures

20. Copyright 2010 SMITH-TRG, All rights reserved.
“Now is the time for America to do
a business growth paradigm shift.
A transformative rethink of how it
designs, finances, builds and grows
market competitive U.S. based
businesses.” – Richard D. Smith
SMITH-TRG

21. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
Need a path to a
Future World
innovation driven economy

22. T I M E T O C R E A T E & BU I L D
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Sustainable 21ST Century
U.S. Job Growth & Wealth
Creation Machines
SMITH-TRG

23. Copyright 2010 SMITH-TRG, All rights reserved.
“Innovation has become the new
currency of global competition as
one country after another races
toward a new high ground where
the capacity for innovation is viewed
as a hallmark of national success.”
- John Kao, book author
INNOVATION NATION, 2007
SMITH-TRG

24. SMITH-TRG
H O W D O W E G E T T H E R E?
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Six Policy Keys
to achieve sustainable success!

25. SMITH-TRG
Economic & Industry Policy
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Creating a robust economic environment
in which innovative activities thrive and
support emerging or re-invented
industry development.

26. SMITH-TRG
Regional Policy
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Help build competitive regions by
developing skills and strategic economic
growth initiatives that boost and drive
local economic activity.

27. SMITH-TRG
Education Policy
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Identify skill shortages and training
needs for re-skilling or up-skilling and
investing in long-term skill development
programs.

28. SMITH-TRG
Science & Technology Policy
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Support collaborative research involving
networks of technology and industry
thought leaders and stimulate the
commercialization of resulting research.

29. SMITH-TRG
Cyber Security Policy
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Support national cyber-security threat
protection policies designed to control
electronic fraud and unauthorized
enterprise competitive intelligence
collection.

30. SMITH-TRG
Intellectual Property Policy
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Support intellectual property protection
policies, beyond patent & trade-mark, to
protect U.S. commercial assets as
national security interests.

31. SMITH-TRG
Another ‘Jobs Creation’ Policy Year
Has Passed Without ‘IMPACT’ Result
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SUCCESS STILL ACHIEVABLE
NEED
COMMITTED STAKEHOLDERS
&
FOCUS ON EXECUTION

32. Must make sure at the table
Stakeholders
are in it to win it?
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Find out quickly!
Need doers not talkers!
Spending others money
is easy…
Building businesses
and value is
challenging!
SMITH-TRG

33. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
going forward . . .
Building ‘Future World’ is all about
a culture that embraces . . .

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Visioning
THE FRONT-END OF INNOVATION
graphic source, Vision Quest Board

35. W H Y I M P O RT A N T T O Y O U?
It’s about building & securing your
Copyright 2010 SMITH-TRG, All rights reserved.
future!
SMITH-TRG
Vision,
Mission,
Purpose
& Values

36. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
Innovation
THE SOURCE OF WEALTH CREATION

37. SMITH-TRG
NEED ‘Future-World’ HELP?
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We should talk! We have proprietary methodologies for
Identifying high-growth/high-value ‘Future-World’ markets
and strategies for capitalizing on them.

38. SMITH-TRG
WHY SMITH-TRG
We’re experienced entrepreneurs and
Copyright 2010 SMITH-TRG, All rights reserved.
innovators who specialize in value
creation. We assist. . .
 CEO’s to create greater
business value
 CXO Stakeholders to solve
business performance
problems
 Innovators to develop more
successful ‘customer-centric’
propositions
 Business Developers to
maximize return on their
investments
Let us assist you today. . . Contact me now to discuss.

39. Copyright 2010 SMITH-TRG, All rights reserved.
Richard D. Smith
RDSmith@SMITH-TRG.com
SMITH-TRG