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Small Business And Immigrants

  • Published: May 17, 2018
Small Business And Immigrants
Written By: Stephanie Scarborough

Immigration is a prominent part of the U.S. DNA with more than 43 million immigrants residing in the U.S. That is 13.5% of the total U.S. population. immigrants and their U.S. born children now exceed 86 million (27%) of the U.S. population.

Just as previous immigrants (as my ancestors) incorporated and assimilated into mainstream American live, the most recent influx of immigrants is integrating well.

Immigrants are also contributing the U.S. economy and can make a real impact on growth of the gross domestic product (GDP).

Between 2000 and 2015 the growth of the immigrant population constituted 50 percent of U.S. population and labor force growth.

Just by increasing the overall size of the economy, immigrants produced a proportional growth of the nation’s GDP.

Immigrants are also small business owners. Despite being only 13% of the population, immigrants start more than ¼ of the new businesses in this country. Immigrant owned businesses pay an estimated $126 billion in wages per year and employ 1 in 10 Americans who work for private companies.

“Small business owners embody the American pioneering spirit and remind us that determination can turn aspiration into achievement.”

President Donald J. Trump

The White House calls small businesses “CRITICAL TO THE ECONOMY: Small businesses are responsible for a significant portion of U.S. economic activity and are vital asset to the economy.”

I agree with the White House. Small Businesses, including the many small businesses owned by immigrants are vital to the economy. In short, our country benefits from immigrants; in character, in economic growth and in partnership.

America historically loves the entrepreneurial spirit. so, if you have hopes of immigrating to the U.S. either temporarily or permanently, contact Scarborough Law today.

Sources (A/K/A Non-Fake Facts):

https://www.epi.org/publication/immigration-facts/

https://www.migrationpolicy.org/article/frequently-requested-statistics-immigrants-and-immigration-united-states

http://econofact.org/immigration-and-economic-growth-in-the-u-s-2000-2015

https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-recognizes-importance-small-businesses-2018-small-business-week/

https://www.inc.com/magazine/201502/adam-bluestein/the-most-entrepreneurial-group-in-america-wasnt-born-in-america.html

 

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