Report Shines Light on Role of Immigrant-Owned Small Businesses
Report Shines Light on Role of Immigrant-Owned Small Businesses
A new AS/COA and Fiscal Policy Institute report finds that in metropolitan Miami, immigrants make up 54 percent of the Main Street business owners, boosting local economic growth.
Immigrants are moderately more likely to be business owners than their non-immigrant counterparts, but they are dramatically more likely to be owners of Main Street businesses — grocery stores, restaurants, clothing stores and other enterprises that are key to neighborhood growth and vitality, a new report released Wednesday by Americas Society/Council of the Americas (AS/COA) and the Fiscal Policy Institute has found.
In metropolitan Miami, immigrants make up 47 percent of the labor force and 46 percent of all business owners but 54 percent of the Main Street business owners, the study found. Immigrants owning Main Street businesses also earn less than their non-immigrant counterparts, $33,000 vs. $46,000....
