Post on 02-Nov-2014
description
From Pipeline 2 Productivity Building An Inclusive Economic Framework
Strengthening Seattle’s Economy
Mike Green, Co-founder
Open YouTube video here: http://www.youtube.com/watch?v=djetxMPypXM
This slide presentation was shown during keynote speech
Agrarian Economy
19th
Manufacturing Economy
20th
Innovation Economy
21st
MISSING Access Infrastructure Ownership
Agrarian Economy
19th
1800 1900
Manufacturing Economy
20th
1900 2000
13%
Black unemployment rate was double the overall jobless rate in 1963.
1963
2011 Black unemployment rate was double the overall jobless rate in 2011.
48 years later …
Perspective
WORLD POPULATION
Year 1 - 1804
1 Billion 1805 - 1927 2 Billion
1928 - 1999
3, 4, 5, 6 Billion
2000 - 2011
7 Billion
1,800 yrs 122 yrs 71 yrs 11 yrs
Private Equity Analyst Conference
Congressional Black Caucus Foundation
2011: $52B Invested by Angels and VCs
“In 1969, Laurance and his siblings formed Venrock in order to expand and “professionalize” this venture capital investment program.
Since then, Venrock has developed into one of the country’s leading venture capital firms with offices in Palo Alto, New York and Cambridge.”
STEM
Education science • technology • engineering • math
Entrepreneurship
Pipeline2Productivity
WORLD GDP RANKINGS
European Union
United States
China
India
Japan
Germany
Russia
Brazil
United Kingdom CIA World Factbook – 2011
Purchasing Power Parity (PPP)
$15.6T
$15.2T
$11.4T
$4.5T
$4.4T
$3.1T
$2.4T
$2.3T
$2.2T
ENROLLMENT
ACADEMIC
2002
2007 60%
18%
Black
White
Entrepreneurship GROWTH:
Bureau of Labor Statistics
$14T
GDP
$2.9T
Venture-backed companies produced 21% of GDP
$137.5B
Black-owned companies produced LESS than 1% of GDP
ECONOMICPRODUCTIVITY 2007 BLS / Census Data
# Businesses Business receipts Population
Blacks
Hispanics
Asians
Whites
Total in 2007
1.9 million
2.3 million
1.6 million
22.6 million
$137.5B
$351B
$514B
$10.2 trillion
Total annual gross revenue Estimate # of U.S. citizens
37 million
45.4 million
13 million
224.5 million
Per Capita
$3,729
$7,731
$39,538
$45,434
0.8 percent total employment
0.5 percent of all receipts
1.6 percent total employment
1.1 percent of all receipts
2.4 percent total employment
1.7 percent of all receipts
89.3 percent ownership of all scientific, tech & construction firms
34 percent of all receipts
Business receipts
(Census data for 2007; published 2010)
Per Capita Business Receipts
June 2012: “Fusion of Inclusion” Report
Fusion of Inclusion report produced by PolicyBridge with Cleveland State University
June 12, 2012 “More than half of all African-Americans and other non-Hispanic blacks in the city who were old enough to work had no job at all this year …”
“Compared to white residents, African Americans in Seattle have higher unemployment and lower average income… And nowhere … are the disparities more apparent than in inner-city neighborhoods.”
Nov. 15, 1991
“African-American contractors in the Central Area have received only two-tenths of 1% of $30 million in community-development block-grant contracts.”
Sept. 11, 1993
“He knows his work has to be flawless. “Why in 30 years has he never been hired to help build a private office building, warehouse or retail complex?”
Aug. 13, 2002
“When it comes to the Black unemployment rate, it doesn’t matter who you ask — the numbers are dismal.
Black Male: 15.8%
White Male: 7.5%
Aug. 2012
“Among the casualties is the black middle class and the ability to ascend into it, which was a significant achievement of the last three decades of the 20th century”
July 10, 2012
Gabrielle Douglas USA Olympic Gold
Johnathan Holifield, Esq.
Chad Womack Ph.D. Mike Green
BlackInnovation.org
BlackInnovation.org
Change the economic narrative Promote Inclusive Competitiveness Connect the economically disconnected
GOALS
BlackInnovation.org
STEM Education & Workforce Development Entrepreneurship, especially HIGH-GROWTH Access to Capital and Risk Capital Investment
FRAMEWORK
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Seeking Investment
Corporations Small Businesses Public School Districts Universities Foundations Government agencies Entrepreneur Resource Orgs Angel groups Financial Institutions Professional Associations Business Alliances Development Orgs
CONNECTED Community Orgs
Social / Civic Orgs Public Schools
Churches Black urban sectors
Hispanic urban sectors Native American urban sectors
DISCONNECTED
STEM Education & Workforce Development
High Growth Entrepreneurship
Access to Capital and Capital Formation
measurable outcomes
sbiroregon.org
Johnathan Holifield, Esq.
Chad Womack Ph.D. Mike Green
BlackInnovation.org