Why Immigrant Entrepreneurs Are Driving the New Economy Immigrant, Inc
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Herman Herman (continued from front fl ap) Smith $29.95 USA/$35.95 CAN Praise for Richard T. Herman Robert L. Smith With personal stories of immigrant journeys, the authors reveal the passions motivating America’s Immigrant, Inc. immigrant achievers, their success strategies, Immigrant, Inc. and their power to revive communities and Why Immigrant Entrepreneurs Are Driving the New Economy Immigrant, create new industries. (and how they will save the American worker) he question of what to do about illegal Both a revelation and a call-to-action, Immigrant, immigration stokes enough emotion and Inc. reveals how you can join the new age of “. well researched, wonderfully written, “A rare and insightful look into the culture of controversy to silence civil discussion. Lost innovation—by thinking and acting like an T and a fun, fast read. Like The Millionaire Next immigrant entrepreneurship. Written with in the contentious debate over immigration immigrant. Door (by Stanley & Danko), Robert Smith and love, sensitivity, and the promise of what reform, tragically, has been the impact of legal Immigrant, Inc. is a book that will forever Richard Herman wowed readers with stories immigrants contribute to our great American Immigrant, immigrants and their remarkable success in change the way you look at immigrants ...and of extraordinary people doing extraordinary society.” the New Economy. The companies founded by —Alex Machaskee, former publisher and CEO, America. things, and in the process, they are also immigrants stand as icons of the era: Google, creating a more diverse, vibrant and colorful The Plain Dealer, Chairman of International America. A page turner—I couldn’t put it Orthodox Christian Charities Intel, Yahoo, Hotmail, Sun Microsystems, YouTube, and eBay. And those are just the RICHARD T. HERMAN is down.” —Loung Ung, author of First They “Let’s hope this book’s captivating stories superstars. From university laboratories to the founder of Richard T. Inc. Killed My Father: A Daughter of Cambodia and meaningful insights move policymakers urban neighborhoods, from Silicon Valley to the Herman & Associates, an to re-light Lady Liberty’s beacon.” Why Immigrant Remembers and Lucky Child Rust Belt, immigrants are playing key roles as immigration and business —Baiju R. Shah, President & CEO, BioEnterprise Photo: Mike Levy innovators and job creators. law fi rm in Cleveland, “We’ve all heard of the entrepreneurial power Inc. “This is a fascinating chronicle of what can be Entrepreneurs Are Ohio, which serves a of modern-day immigrants to America. But Consider that: this book goes further.” one of the most powerful economic devel- global clientele in over ten ■ —Neal Peirce, Columnist, The Washington opment forces in our country in the coming Today’s immigrants are nearly twice as languages. He is the co- Post, nationally syndicated writer years.” Economy the New Driving Are Entrepreneurs Immigrant Why Driving the New Economy likely as non-immigrants to launch a founder of a chapter of TiE, a global network of —Alan R. Schonberg, founder, Management business. entrepreneurs started in 1992 in Silicon Valley. “A passionate, persuasive case for immi- Recruiters International (and how they will save ■ Immigrant founders are behind more He has appeared on ABC’s 20/20, National gration as a crucial investment in our American worker) the will save they how (and country’s future. This book is a timely call for “Required reading for all policymakers and than half of the high-tech start-ups in Public Radio, Fox News, and various affi liates of practitioners working to help America keep NBC, CBS, and ABC. He has also been quoted in clear thinking and positive action. ” Silicon Valley. —Charles Michener, author and former Senior its competitive edge in the 21st century.” the American worker) such publications as USA Today, InformationWeek, Editor at The New Yorker and Newsweek —John Austin, Fellow, The Brookings Institution, ■ Immigrants have become more likely PC World, Computerworld, CIO, Site Selection, Director, Great Lakes Economic Initiative than native-born Americans to earn an and National Lawyers Weekly. “Unfortunately, with the economic down- advanced degree, to invent something, “The authors’ passion comes through in this turn, xenophobia is building and political and to be awarded a U.S. patent. clouds of nativism are swirling in Washington, fantastic book that points to the power and ROBERT L. SMITH is a DC. This book couldn’t have come at a more importance of intercultural partnerships in a Do these immigrants have a secret? It’s a culture, veteran journalist who timely moment. I hope that all policymakers global economy.” actually. A culture of entrepreneurship that stems read this.” —Connie Atkins, Executive Director, Consortium from education, thrift, family loyalty, and am- covers international cultures of African American Organizations and immigration for The —Vivek Wadhwa, columnist, BusinessWeek, bition. Many of today’s immigrants arrive ready- Photo: Mike Levy researcher, Harvard Law School and Duke Plain Dealer, Ohio’s largest University, former high-tech entrepreneur “A real eye-opener.” made to perform in a knowledge-based, global newspaper. He has written —Jan T. Vilcek, MD, Professor, NYU School of economy. They are world-class strivers who drop extensively about immigration Medicine and President, The Vilcek Foundation into capitalist America like seeds into the good issues and has interviewed earth. And they bloom here, creating businesses people at all points of the immigrant experience, and jobs at astonishing rates. from undocumented fi eld workers to millionaire Authors Richard T. Herman and Robert L. Smith entrepreneurs. call this culture Immigrant, Inc. Their ground- breaking work explains how immigrants have become America’s competitive advantage in a global economy and warns of the perils of losing that advantage, especially as the nation seeks to pull out of a great recession. (continued on back fl ap) ISBN: 978-0-470-45571-5 4-COLOR GLOSSY ffirs.indd vi 9/29/09 4:41:45 PM Acclaim for Immigrant, Inc. “This book, fi lled with stirring stories testifying to the ongoing power of the American Dream as a magnet, challenges us all to build an inclusive culture of welcome, access, opportunity, and empowerment. In so doing, we will renew and transform our society.” —Leonard M. Calabrese, President, Catholic Community Connection “Immigrant, Inc. is a much-needed book on the positive economic contribu- tions of immigrants to the U.S. economy. All-too-often immigration naysayers focus on the alleged costs of immigration without any acknowledgement of the substantial economic contributions of immigrant entrepreneurs. Richard Herman skillfully balances the cost-benefi t analysis with this timely inquiry.” —Kevin R. Johnson, Author, Dean, and Professor of Chicana/o Studies, University of California at Davis, School of Law “When Greater Cleveland reclaims its former status as an American mecca for those from around the globe seeking a better life and new opportunities, Richard Herman will deserve much of the credit. He has connected the dots for local pub- lic policy makers and thought leaders, convincing us that immigrant attraction is a critical, indispensable driver of urban revitalization.” —Peter Lawson Jones, Cuyahoga County Commissioner, Cleveland, Ohio “The United States is a nation of immigrants and yet it has not often under- stood the role immigrants have played in nation building. Immigrant, Inc. provides an important testimonial that uncovers the drive, the dreams, and the relentless nature of immigrants in America. Immigrants strive for the American Dream, even though they must tread a risky path that requires hard work, sacrifi ce, and frugality. High-skill immigration has today become a ffirs.indd i 9/29/09 4:41:44 PM controversial issue. Yet, our admiration for immigrant-founded companies like Intel, Google, eBay, Yahoo, and Sun that have revolutionized technology, created employment for thousands, and contribute signifi cantly to the US economy remains steadfast. In this book, the authors effectively break the disconnect between the creator and his creation and implore policymakers to protect the liberal and creative spirit of America.” —Suren G. Dutia, Chief Executive Offi cer, TIE Global (The Indus Entrepreneur Association) “Immigrant entrepreneurship is a competitive advantage for America. Policymakers and all of us who want our nation to prosper should read Richard Herman’s powerful stories about immigrants revitalizing our economy.” —Rob Paral, Fellow, Institute for Latino Studies, University of Notre Dame “Herman and Smith’s book is a must read for anyone who is concerned about the future of the United States and about the continuing nature of its global leadership. The book is an enthusiastic and convincing argument that the future of our great country is to go back to our unique roots — indeed it is a call for our renewal as, in President Kennedy’s words, A Nation of Immigrants.” —Raj Aggarwal, Sullivan Professor of International Business and Finance, College of Business Administration, The University of Akron “[Immigrant, Inc.] is an important and valuable contribution to the immigration debate, which is notoriously short on facts and long on rhetoric. The book offers compelling and deeply personal evidence of the many blessings bestowed on America by those who hunger to make a better life for themselves and their adopted homeland. Herman and Smith force us to rethink the stereotypes and misconceptions that dominate our approach to immigration, and to think criti- cally about the need for an immigration policy built for the 21st century and beyond.” —Benjamin Johnson, Executive Director, American Immigration Council ffirs.indd ii 9/29/09 4:41:44 PM “Having worked with Richard Herman for years on issues of immigration, entrepreneurship, and opportunity, I know his passion and expertise very well. His vision and essential message are masterfully delivered in Immigrant, Inc.” —Dick Russ, Managing Editor, WKYC-TV, Cleveland, Ohio “We’ve all heard of the entrepreneurial power of modern-day immigrants to America.