Immigrants are entrepreneurial folk. They make up 18% of all small business owners in the United States. Using U.S. Census data, the Fiscal Policy Institute , an independent research organization committed to improving economic and social conditions, has published a report focusing on businesses owned by immigants. Key findings reveal—-
*Immigrants play a key role among high-tech businesses. Twenty percent(20%) of business owners in computer systems design are immigrants.
*Many immigrant businesses are playing a prominent role in revitalizing downtown areas. These businesses include restaurant(37%), grocery stores (49%), and laundry or dry cleaners(54%).
*Immigrant women are more likely the U.S. born women to be business owners.
*Most of these entrepreneurs come from Mexico, followed by India, Korea, Cuba, China, and Vietnam.
*California has the highest percentage of immigrant businesses(33%), followed by New York(29%), New Jersey(28%), Florida(26%), and Hawaii(23%).
Source:Fiscal Policy Institute’s Immigration Research Initiative, 2012.