Immigrant-Owned Businesses Contribution To The Economy Detailed In New Report
"Immigrant-owned businesses generate approximately 11.6 percent of all business income in the United States. Moreover, immigrants own 11.2 percent of businesses with $100,000 or more in sales and 10.8 percent of all businesses with employees. These figures are contained in a report released today by the Office of Advocacy of the U.S. Small Business Administration.
“This report is the first time that immigrant business ownership rates and immigrant-owned businesses contributions to the economy have been studied in detail,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. “These findings can make a significant contribution to public policy debates,” he added.
The report, Estimating the Contribution of Immigrant Business Owners to the U.S. Economy, written by Dr. Robert Fairlie with funding from the Office of Advocacy, analyzes data from the 2000 Census five percent Public Use Microdata Sample, the 1996-2007 Current Population Survey, and the 1992 Characteristics of Business Owners."
Thursday, November 13, 2008
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