Webinar agenda Welcoming Economies: Immigrants are key to Inclusive - - PowerPoint PPT Presentation

Webinar agenda

Welcoming Economies: Immigrants are key to Inclusive Economic Growth

1) Presentation by Steve Tobocman, Director, Global Detroit 2) Interview by Sarah Wayland, Project Lead, Global Hamilton at the City of Hamilton in Conversation with Steve Tobocman 3) Q&A moderated by Kim Turner, Cities of Migration, Global Diversity Exchange (Toronto, Canada) This webinar is co-hosted by Cities of Migration and Welcoming America as part of a Welcoming Economies webinar series.

Webinar recording will be available on the website: www.citiesofmigration.ca

WELCOMING ECONOMIES: REVITALIZING REGIONAL ECONOMIES THROUGH IMMIGRANT ATTRACTION AND RETENTION

STEVE TOBOCMAN DIRECTOR, GLOBAL DETROIT CO-CHAIR, WE GLOBAL NETWORK CITIES OF MIGRATION WEBINAR MAY 22, 2015

IMMIGRANTS AND THE RUST BELT GROWTH OF IMMIGRANT ECONOMIC DEVELOPMENT INITIATIVES

PARADIGM SHIFT

TRADITIONAL IMMIGRANT RIGHTS AND INTEGRATION SERVICES

• Social Justice Imperative
• Focused on Helping “The Least of

These”

• Civil Rights
• Social Services

IMMIGRANT ECONOMIC DEVELOPMENT

• Immigrants as Assets
• Equally Concerned about Receiving

Communities

• Regional Competitiveness
• Urban Revitalization

WE GLOBAL NETWORK CORE VALUES

• 1. Immigrant communities are assets to be nurtured and

grown as a means of producing economic opportunity for the entire region.

• 2. Welcoming immigrants into the economic and social fabric
• f a region helps to make that region more economically

competitive and more attractive socially.

• 3. Regional economic development initiatives can play a role

not just in attracting immigrants, but also in retaining them and in enhancing their role in the community’s economic and social fabric.

Economic integration of our immigrant and refugee communities is not only a matter of social justice and a reflection of our national compassion to newcomers, but it is a key pillar of economic prosperity for all Americans. America’s economic future and the prosperity of American families are significantly improved by the presence and contributions of immigrants and refugees and the successful integration of their contributions.

IMMIGRANT ECONOMIC DEVELOPMENT MAKING THE CASE

THE ‘NEW AMERICAN’ FORTUNE 500: MORE THAN 40% OF FORTUNE 500 COMPANIES WERE FOUNDED BY IMMIGRANTS OR THEIR CHILDREN

SOURCE: Partnership Report, “The New American Fortune 500,” June 2011.

23%

FOUNDED BY CHILDREN OF IMMIGRANTS

18%

FOUNDED BY IMMIGRANTS

41%

“NEW AMERICAN” COMPANIES

COMPANIES FOUNDED BY NEW AMERICANS EMPLOY

MORE THAN 10 MILLION PEOPLE WORLDWIDE

SOURCE: Partnership Report, “The New American Fortune 500,” June 2011.

28% OF SMALL BUSINESSES STARTED IN 2011 WERE FOUNDED BY IMMIGRANTS

current population survey (1996-2011)

SOURCE: Partnership Reports, “Open for Business: How Immigrants are Driving Small Business Creation in the US” (2012)

10% 15% 20% 25% 30% 35% 1996 1998 2000 2002 2004 2006 2008 2010

Immigrants Comprised almost All Net Main Street Business Growth 2000-2013

IMMIGRANTS ACCOUNT FOR HIGHER PERCENTAGE OF HIGH-EXPORT COMPANIES

SPECIAL TABULATIONS FROM THE SURVEY OF BUSINESS OWNERS (2007)

PERCENT OF TOTAL SALES EXPORTED OUTSIDE OF THE U.S PERCENT OF FIRMS THAT ARE OWNED BY IMMIGRANTS

NONE 12.7% LESS THAN 1% 11.1% 1% TO 4% 14.7% 5% TO 9% 17.1% 10% TO 19% 20.2% 20% TO 49% 35.1% 50% TO 99% 50.5%

SOURCE: Partnership Reports, “Open for Business: How Immigrants are Driving Small Business Creation in the US” (2012)

IMMIGRANTS CRITICAL TO AMERICA’S HIGH-TECH STARTUP COMMUNITY

SOURCE: Kauffman Foundation

5 10 15 20 25 30 35 40 45 50

TX GA MD IL NJ

Percentage of Companies with Immigrant Founders

U.S. States Where Immigrants are Founding Engineering and Technology Companies

Created 25% of all high-tech firms nationally from 1995-2005

– 52% of Silicon Valley’s high-tech firms from 1995-2005 – 32.8% of Michigan’s high-tech firms (ranking Michigan #3 after CA and NJ and making them six times as likely to create a high-tech firm)

• -Duke University and UC-Berkeley

HIGH-TECH STARTUPS

Account for 25% of all venture-backed firms that have had public offerings 1995-2005

National Venture Capital Association

SUCCESSFUL VENTURE CAPITAL BACKED FIRMS

• International students are 3 times (38%
• vs. 14%) as likely to major in STEM fields
• Immigrants make up:

– 50% of all new U.S. Ph.D.s in engineering; – 45% of all new U.S. Ph.D.s in life sciences, physical sciences, and computer sciences; – 40% of all new U.S. master degrees in computer sciences, physical sciences, and engineering; and – 25% of all practicing physicians

STEM SKILLS AND DEGREES

THE MEDIAN AGE OF THE U.S. WORKFORCE IS CLIMBING

SOURCE: US Bureau of Labor Statistics

35 36 39 41 42

32 34 35 37 39 41 42

1978 1998 2018 (Projected)

THE RATIO OF SENIORS TO WORKERS IS SKYROCKETING

SOURCE: US Bureau of Labor Statistics

Number of Seniors Per 100 Working Adults

IMMIGRANTS ARE MORE LIKELY TO BE WORKING AGE

SOURCE: US Census 2012 Statistical Abstract

23% 65% 13% 13% 84% 3%

0% 13% 26% 39% 51% 64% 77% 90%

Under 15 15 to 64 65 and Older

U.S.-Born New Immigrants, 2000-2010

MARCH 2015

Steve Tobocman of the nonprofit Global Detroit calls increased immigration “the single great urban revitalization strategy in modern day America.” And, he notes, “it’s one that doesn’t cost tax dollars.” Little wonder that in immigration, as in so many areas of public policy, real change is being forced beyond the halls of Congress.

IMMIGRANT ECONOMIC DEVELOPMENT INITIATIVES WHAT DO THEY DO

POTENTIAL ECONOMIC DEVELOPMENT INITIATIVES

• International Student Retention
• Workforce Development
• Entrepreneurship
• Foreign Direct Investment and

Export

• Building Welcoming Communities
• Connector Programs
• Integration Services
• Skilled Immigrant Integration

ENTREPRENEURSHIP

International students are 3 times (38.4% vs. 13.7%) as likely to major in science, technology, engineering, and math (STEM) fields Immigrants make up:

• 50% of all new U.S. Ph.D.s in engineering;
• 45% of all new U.S. Ph.D.s in life sciences, physical

sciences, and computer sciences;

• 40% of all new U.S. master degrees in computer

sciences, physical sciences, and engineering; and

• 25% of all practicing physicians

INTERNATIONAL STUDENT RETENTION

MICHIGAN GLOBAL TALENT RETENTION INITIATIVE (WWW.MIGTRI.ORG)

!

Ohio board of regents Post-secondary globalization initiative

IMMIGRANTS CREATE JOBS FOR U.S. WORKERS

Every Foreign STEM Worker With an Advanced U.S. Degree Creates 2.62 American Jobs

Source: Partnership and American Enterprise Institute Report, “Immigration and American Jobs,” December 2012.

IMMIGRANT ECONOMIC DEVELOPMENT INITIATIVES COMMUNITIES FOCUSED ON ATTRACTION AND RETENTION

“The richest regions are those with the highest proportion of immigrants.”

• -President’s Commission on Immigration, 1953

Creating Prosperity

“To immigrate is an entrepreneurial act”

• -Ed Roberts, Founder

MIT Entrepreneurship Center

“Dear America, please remember how you got to be the wealthiest country in history. …the formula was very simple: build this really flexible, really open economy, tolerate creative destruction so dead capital is quickly redeployed to better ideas and companies, Pour into it the most diverse, smart and energetic immigrants from every corner of the world and then stir and repeat, stir and repeat, stir and repeat.” Tom Friedman – “World Is Flat” Guy New York Times Editorial Writer and Author

A Global America: Securing 21st Century America

www.globaldetroit.com @GlobalDET www.WEGlobalNetwork.org @WENetworkGlobal

Acknowledgments

Welcoming Economies: Immigrants are key to Inclusive Economic Growth

www.citiesofmigration.ca

• Steve Tobocman, Global Detroit (Detroit, United

States)

• Sarah Wayland,, Global Hamilton at the City of

Hamilton (Hamilton, Canada)

• Rachel Peric, Welcoming America (Atlanta, United

States)

• Kim Turner, Cities of Migration, Global Diversity

Exchange (Toronto, Canada)