Natixis Global Asset Management CEO John Hailer today called on business leaders to support immigration reform to retain foreign students educated here so that they can build companies of their own and boost employment.
At a Greater Boston Chamber of Commerce breakfast, Hailer said every foreign-born advanced degree graduate working in a science, technology, engineering or math field created 2.62 American jobs on average.
"Our federal government must find a way to let the brightest scientists and workers from around the world exercise their talent in the United States if they want to," he said. "When we turn away a Ph.D. biologist who wants a visa to work here, or tell a newly minted post-doctoral fellow to return home, we're not just depriving ourselves of that person's talent; we also are handing that talent to our competitors. ... China is signing them up like NFL free agents."
Another way people can make the city not just a magnet for talent, but a cultivator of talent is to support Boston public Schools, Hailer said.
"This is an area where businesses can help, and have an obligation to help," he said.
Hailer said his company "adopted" John Winthrop Elementary School in Boston, introducing a mentoring program between employees and students, making sure all 500 youngsters received gifts for Christmas and supplying software, laptops and iPads for them.
"It is about making an impact on one child's life," he said. "We see this investment paying off for years to come. ... So today, I call on everyone in this room to make the same commitment in just one school, in one neighborhood in this city. ... My dream for the Winthrop School is that it may one day become a national model for partnerships like these."
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