Thursday, November 3, 2011

Immigrant entrepreneurs

Recently the Fiscal Policy Institute published a study on new businesses in New York City.  Of the 69,000 businesses in the City, approximately 48 percent are owned by foreign born entrepreneurs.  Some sections of the economy (grocery stores, dry cleaning establishments) are dominated by foreign born owners.  You can find the story at <http://www.fiscalpolicy.org/immigration.html>.
The statistics were based on samples from 2005-2009.  The study defined small business owners as self-employed people with incorporated businesses.
We probably expect taxi drivers to be predominately foreign born, but the study found that 40 percent of the computer systems design, architectural, and engineering businesses were also owned by immigrants.
It’s too bad about the wasteland known as Hazleton.  Somebody should tell Congressman Barletta.

No comments:

Post a Comment