Immigrant-Owned Businesses Contribution To The Economy Detailed In New Report
Source: U.S. Small Business Administration, Office of Advocacy

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.

+ Summary (PDF; 70 KB)
+ Full Report (PDF; 245 KB)

This entry was posted on Wednesday, November 12th, 2008 at 9:24 pm and is filed under Business and economics, Immigration, Small business and entrepreneurship. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.