Most Main Street Growth Due To Immigrant-Owned Businesses
Most Main Street Growth Due To Immigrant-Owned Businesses
Between 2000 and 2013, immigrants accounted for all Main Street business growth nationally and in 31 of the 50 largest U.S. metropolitan areas, according to a new AS/COA-Fiscal Policy Institute study.
There's a very good chance that the new deli, dry cleaner or nail salon that opened in your neighborhood shopping district is owned by an immigrant.
Between 2000 and 2013, immigrants accounted for all net Main Street business growth nationally and in 31 of the 50 largest metropolitan areas in the country, according to a new study released Wednesday by the Americas Society/Council of the Americas (AS/COA) and the Fiscal Policy Institute. The report examined Census figures and business owner surveys, and included documented and undocumented immigrants.
Though they account for only 16 percent of the U.S. labor force and 18 percent of business owners, immigrants make up 28 percent of Main Street small business owners. Immigrants make up more than six-in-10 Main Street business owners in Los Angeles and over half the business owners in Miami and the Washington, D.C. metro areas....
