OREANDA-NEWS. June 23, 2016. At the Global Entrepreneurship Summit , Intel CEO Brian Krzanich, along with senior leadership from other Silicon Valley companies, will sign a Tech Inclusion Pledge that resolves to take action to make the technology workforce fully representative of the American people. The commitments of the Pledge align with Intels \\$300 million Diversity in Technology initiative and 2020 goal to reach full representation of women and underrepresented minorities in its U.S. workforce.

U.S. Chief Technology Officer Megan Smith and Silicon Valley companies will participate in a June 23 roundtable event held in conjunction with the Global Entrepreneurship Summit. The roundtable event will provide a forum for technology companies to discuss efforts to advance inclusive entrepreneurship and tech diversity in the United States as well as a report conducted by Intel and Dalberg Global Development Advisors on the business case for workforce diversity.

WHAT: Barbara Whye, deputy director, Diversity in Technology Initiative, Intel Corporation, will reveal findings from the report, Decoding Diversity: The Financial and Economic Returns to Diversity in Tech, that provides the first-of-its-kind analysis1 quantifying the economic impact of improving diversity in the tech sector.

The report looks at data from 167 U.S. technology companies and concludes that increased representation of African-American, Hispanic and female employees has significant economic implications, including productivity, growth and revenue gains in the technology sector. The full report can be read at www.intel.com/diversity.

Key highlights2 from the report include:

  • An additional \\$470 billion to \\$570 billion in new value for the U.S. technology industry could be generated through full representation of ethnic and gender diversity.
  • Every incremental percentage point in African-American and Hispanic representation at NASDAQ-listed tech companies can represent a 3 percent increase in revenues and a potential \\$300 billion to \\$370 billion annual increase in revenue for the technology sector.
  • A global productivity boost of \\$430 billion to \\$530 billion could be generated through closing the global tech industrys female leadership gap.