Announcement

Announcement Module
Collapse
No announcement yet.

Immigrant Business Owners Make Big Impact on U.S. Economy

Page Title Module
Move Remove Collapse
X
Conversation Detail Module
Collapse
  • Filter
  • Time
  • Show
Clear All
new posts

  • Immigrant Business Owners Make Big Impact on U.S. Economy

    Immigrant Business Owners Make Big Impact on U.S. Economy

    Immigrant business owners are making a significant contribution to the U.S. economy, according to a new study (pdf) from the Small Business Administration's Office of Advocacy.

    Immigrant business owners constitute 12 percent of the total U.S. workforce and 12.5 percent of the total population of U.S. business owners, according to data culled from the 2000 Census.

    They are also about 30 percent more likely to start a business than non-immigrants and make up nearly 17 percent of all new business owners in the United States.

    The data show that immigrant business owners generate $67 billion of the $577 billion in U.S. business income.

    The are having an especially big impact in certain states -- they generate nearly 25 percent, or about $20 billion, of California's business income and nearly one-fifth of business income in Florida, New Jersey and New York.

    Immigrants also have delved into many industries -- they own more than a fifth of businesses in the arts, entertainment and recreation but also contribute significantly to other services, transportation and wholesale and retail trades.

    Business owners from Mexico are the largest share of immigrant business owners, but total immigrant business ownership, formation and income come from immigrants around the globe.

    Separately, the Office of Advocacy released another new study (pdf) showing that small businesses obtain many more patents per employee than larger firms. Their patents also outperform larger firms on a number of measurements, "suggesting that small firm patents in general are more likely to be technologically important than those of larger firms," according to the SBA office.

    By Sharon McLoone | November 14, 2008

    http://voices.washingtonpost.com/sma...ners_make.html

  • #2
    Originally posted by grape ape View Post
    Immigrant Business Owners Make Big Impact on U.S. Economy

    Immigrant business owners are making a significant contribution to the U.S. economy, according to a new study (pdf) from the Small Business Administration's Office of Advocacy.

    Immigrant business owners constitute 12 percent of the total U.S. workforce and 12.5 percent of the total population of U.S. business owners, according to data culled from the 2000 Census.

    They are also about 30 percent more likely to start a business than non-immigrants and make up nearly 17 percent of all new business owners in the United States.

    The data show that immigrant business owners generate $67 billion of the $577 billion in U.S. business income.

    The are having an especially big impact in certain states -- they generate nearly 25 percent, or about $20 billion, of California's business income and nearly one-fifth of business income in Florida, New Jersey and New York.

    Immigrants also have delved into many industries -- they own more than a fifth of businesses in the arts, entertainment and recreation but also contribute significantly to other services, transportation and wholesale and retail trades.

    Business owners from Mexico are the largest share of immigrant business owners, but total immigrant business ownership, formation and income come from immigrants around the globe.

    Separately, the Office of Advocacy released another new study (pdf) showing that small businesses obtain many more patents per employee than larger firms. Their patents also outperform larger firms on a number of measurements, "suggesting that small firm patents in general are more likely to be technologically important than those of larger firms," according to the SBA office.

    By Sharon McLoone | November 14, 2008

    http://voices.washingtonpost.com/sma...ners_make.html
    from my experience ..immigrant business owners are LEAVING USA superfast

    Comment


    • #3
      actually they are responsible for a huge amount of job creation and innovation. the opposite is true. just like in the decades past we need immigrants as they are key to the us formula for success.

      Comment

      Working...
      X