Kevin de Leon
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- Milken Institute1h 2m
Demographic Edge: California's Diversity and Global Business
Kevin Clouden, Kevin de Leon, Deep Nishar, Julia Gao, Joe Green, Sylvia Flores
Prominent leaders, including Senator Kevin de Leon and business executives, convened to address California's paradox of being a global innovation hub while facing severe threats from restrictive immigration policies and high operational costs. The discussion highlighted that while immigrant-founded companies drive over $52 billion in revenue, systemic failures such as H-1B caps and tax structures are fueling a "brain drain" that sends educated talent and corporate relocations to states like Texas and countries like Canada. Panelists urgently called for comprehensive legislative reform to secure a path to citizenship for undocumented immigrants and retain foreign talent to maintain the state's economic competitiveness against rising global rivals.