Mike Green keynote to Tabor 100 in Seattle at Convention Center
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Mike Green gave the keynote address at the Tabor 100 Gala in Seattle at the Washington State Convention Center on Sept. 15, 2012. The gathering of Seattle's political elite and Black business owners and entrepreneurs is annual fundraiser for Tabor 100, which represents many of Seattle's Black business owners and contractors. Mike's speech included this slide presentation, at the end of which Mike received a standing ovation. A link to the YouTube video of Mike's speech is included in the slide deck.
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Mike Green keynote to Tabor 100 in Seattle at Convention Center
- 1. Mike Green, Co-founder From Pipeline 2 Productivity Building An Inclusive Economic Framework Strengthening Seattle’s Economy
- 2. Open YouTube video here: http://www.youtube.com/watch?v=djetxMPypXM This slide presentation was shown during keynote speech
- 3. Agrarian Economy 19th
- 4. Manufacturing Economy 20th
- 5. Innovation Economy 21st
- 7. Agrarian Economy 1800 1900 19th
- 8. Manufacturing Economy 1900 2000 20th
- 10. 13%
- 12. 1963 Black unemployment rate was double the overall jobless rate in 1963. 48 years later … 2011 Black unemployment rate was double the overall jobless rate in 2011.
- 14. WORLD POPULATION Perspective 1 Billion 2 Billion 3, 4, 5, 6 Billion 7 Billion Year 1 - 1804 1805 - 1927 1928 - 1999 2000 - 2011 1,800 yrs 122 yrs 71 yrs 11 yrs
- 18. Private Equity Analyst Conference Congressional Black Caucus Foundation
- 22. 2011: $52B Invested by Angels and VCs
- 23. “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.”
- 25. Pipeline2Productivity STEM Entrepreneurship Education science • technology • engineering • math
- 26. WORLD GDP RANKINGS Purchasing Power Parity (PPP) European Union $15.6T United States $15.2T China $11.4T India $4.5T Japan $4.4T Germany $3.1T Russia $2.4T Brazil $2.3T United Kingdom $2.2T CIA World Factbook – 2011
- 27. ENROLLMENT
- 28. ACADEMIC
- 29. 2007 Black 60% 2002 White 18% GROWTH: Entrepreneurship Bureau of Labor Statistics
- 30. ECONOMICPRODUCTIVITY 2007 BLS / Census Data GDP $14T Black- Venture- owned backed companies companies produced produced LESS than 21% of 1% of GDP GDP $137.5B $2.9T
- 31. Per Capita Business Receipts (Census data for 2007; published 2010) # Businesses Business receipts Population Per Capita Total in 2007 Total annual gross revenue Estimate # of U.S. citizens Business receipts Blacks 1.9 million $137.5B 37 million $3,729 0.8 percent total 0.5 percent of all receipts employment Hispanics 2.3 million $351B 45.4 million $7,731 1.6 percent total 1.1 percent of all receipts employment Asians 1.6 million $514B 13 million $39,538 2.4 percent total 1.7 percent of all receipts employment Whites 22.6 million $10.2 trillion 224.5 million $45,434 89.3 percent ownership of 34 percent of all receipts all scientific, tech & construction firms
- 32. June 2012: “Fusion of Inclusion” Report Fusion of Inclusion report produced by PolicyBridge with Cleveland State University
- 33. 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 …”
- 34. “Compared to Nov. 15, 1991 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.”
- 35. Sept. 11, 1993 “African- American contractors in the Central Area have received only two-tenths of 1% of $30 million in community- development block-grant contracts.”
- 36. Aug. 13, 2002 “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?”
- 37. “When it comes to the Black unemployment rate, it doesn’t matter who you ask — the numbers are dismal. Aug. 2012 Black Male: 15.8% White Male: 7.5%
- 38. “Among the casualties is the black middle class and the ability to ascend into July 10, 2012 it, which was a significant achievement of the last three decades of the 20th century”
- 39. Gabrielle Douglas USA Olympic Gold
- 40. BlackInnovation.org Johnathan Chad Holifield, Womack Esq. Ph.D. Mike Green
- 41. BlackInnovation.org GOALS Change the economic narrative Promote Inclusive Competitiveness Connect the economically disconnected
- 42. BlackInnovation.org FRAMEWORK STEM Education & Workforce Development Entrepreneurship, especially HIGH-GROWTH Access to Capital and Risk Capital Investment
- 43. Portland Urban Innovation Roundtable Seeking Investment CONNECTED DISCONNECTED Corporations Community Orgs Small Businesses Social / Civic Orgs Public School Districts Public Schools Universities Churches Foundations Black urban sectors measurable outcomes Government agencies Hispanic urban sectors Entrepreneur Resource Orgs Native American urban sectors Angel groups Financial Institutions Professional Associations STEM Education & Workforce Development Business Alliances High Growth Entrepreneurship Development Orgs Access to Capital and Capital Formation Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
- 44. sbiroregon.org
- 45. BlackInnovation.org Johnathan Chad Holifield, Womack Esq. Ph.D. Mike Green