Entrepreneurship/Innovation
New Report Shows Immigrant Women Entrepreneurs Create Jobs and Contribute to Economy
Economists readily acknowledge the economic contributions of immigrant entrepreneurs to the U.S. After all, we wouldn’t have one-quarter of all public companies in the U.S.—companies like Google, Yahoo!, and Intel which employed 220,000 people and generated more than $500 billion in one year—without them. But lost in that acknowledgement are the contributions of immigrant women entrepreneurs who last year made up 40% (or 980,575) of all immigrant business owners in the U.S. This week, a new report, Our American Immigrant Entrepreneurs: The Women, takes a closer look at these women and examines the obstacles and pathways to establishing successful businesses—businesses that have created American jobs and generated millions in taxable revenue. Read More
Children of Immigrant Entrepreneurs Excel Educationally, Report Finds
The contributions of immigrant entrepreneurs—innovation, job creation and economic growth—are often cited by economists as strong reasons to reform our outdated immigration system. However, the kids of immigrant entrepreneurs receive relatively little attention. Delving into the experiences of these adult children of immigrants provides a new lens through which to witness the struggles and triumphs of parents and their children as they pursue the American Dream. Read More
Report Debunks Myth that High-Skilled Immigrants Steal American Jobs
It is an article of faith among anti-immigrant activists that immigration results in fewer jobs and lower wages for native-born workers. For instance, the Federation for American Immigration Reform (FAIR) recently released a report in which it claims that native-born workers with science and engineering (S&E) degrees are being driven en masse into non-S&E occupations due to competition from foreign-born workers willing to accept lower wages. However, in its rush to blame immigrants, FAIR misses a highly salient detail: a growing number of jobs in non-S&E occupations require or reward S&E skills. In other words, native-born workers with S&E degrees aren’t being driven out of S&E occupations by immigrants; they are being lured into non-S&E occupations where their S&E skills are in high demand and command higher salaries. Read More
Even Facebook Feels Brunt of Broken U.S. Immigration Policy
You know things are bad when a company as popular as Facebook has problems finding qualified talent. In a recent interview, Facebook’s chief operating officer, Sheryl Sandberg, remarked that our outdated immigration policy is a big reason Silicon Valley tech companies are fighting each other for highly skilled workers. Current immigration policy limits high-skilled worker visas (H-1B) to only 65,000 per year—a number that hardly meets demand. Even technology giant Microsoft recently testified before Congress that current immigration policies make finding talent a serious challenge. Until lawmakers revamp our outdated immigration system, technology companies like Facebook and Microsoft will continue to lose out on the foreign talent they need to stay ahead of the curve. Read More
Dayton, Ohio Passes Plan to Revitalize Economy through Immigrant Integration
Shortly after Alabama began implementing their anti-immigration law (HB 56), Dayton, Ohio passed legislation that welcomes and integrates immigrants with the hope that they will revitalize their slowing economy. Faced with a declining population, Dayton’s City Commission voted unanimously last week to adopt the Welcome Dayton Plan—a plan that is tapping into the very economic stimulus that Alabama is driving out. Read More
Declining Cities Look to Immigrants to Revitalize Economies and Increase University Enrollment
In a recent speech to the U.S. Chamber of Commerce, New York City Mayor Michael Bloomberg highlighted the vital role immigrants play in stimulating economic growth. Bloomberg called for immigration policies that “spur innovation, increase the number of entrepreneurs who start businesses here, and create jobs for Americans on every rung of the economic ladder." With U.S. unemployment still hovering around 9%, some declining U.S. cities are also looking to harness the economic and entrepreneurial power of immigrants. Small towns, particularly in America’s rust belt, are contemplating programs that attract immigrant growth in hopes of revitalizing their towns and universities. Read More
Immigrant Laborers Continue to Strengthen American Workforce, Economy
This Labor Day, we reflect on the many contributions workers make to the U.S.—including those of immigrant workers. While immigration restrictionists have long tried to demonize immigrant workers and blame them for high unemployment rates and other economic woes, the facts make it clear that immigrants actually create jobs and businesses and boost the wages of native-born workers. Research shows time and time again that immigration levels are positively correlated with economic output and growth. Read More
DHS Acknowledges that U.S. Immigration Policy Needs to Spark Economy and Attract Entrepreneurs
By PAUL ZULKIE, PRESIDENT OF THE AMERICAN IMMIGRATION COUNCIL Yesterday, Department of Homeland Security (DHS) Secretary Janet Napolitano and U.S. Citizenship and Immigration Services (USCIS) Director Alejandro Mayorkas announced a series of policy initiatives designed to “fuel the nation's economy and stimulate investment” by attracting foreign entrepreneurs who can invest in fields of high unemployment, create jobs, and form startup companies. It is encouraging that USCIS recognizes that immigrant entrepreneurs and innovators are a key to continued growth and to maintaining America’s competitive edge into the 21st century. It’s important that the agency keep this recognition in mind as it adjudicates visa petitions and applications. Read More
U.S. Commerce Secretaries Highlight Economic Benefits of Immigration Reform
As the American economy continues to level out post-recession, some experts are looking at immigration reform as a way to help start new businesses and aid job creation. A recent letter from U.S. Commerce Secretary Gary Locke and former Commerce Secretary Carlos Gutierrez outlined the economic benefits of reforming our immigration system and, consequently, the possible further detriment to our economy if Congress fails to act. Read More
New Americans Are Among the Nation’s Top Entrepreneurs, Report Says
Anyone who fails to recognize that immigration fuels a sizable chunk of the U.S. economy would be well-advised to read the report released this week by the Partnership for a New American Economy, entitled The “New American” Fortune 500. According to the report, two in five Fortune 500 companies (41%) “had at least one founder who was either an immigrant or raised by someone who immigrated to the United States.” Collectively, these companies had $4.2 trillion in annual revenues and employed 10.9 million people worldwide. This is compelling evidence, argues the report, that “immigrants and their children create American jobs and drive our economy.” Yet, the report concludes, our immigration laws all too often force immigrant workers and entrepreneurs away, rather than welcoming them. As New York City Mayor Michael Bloomberg recently put it, that amounts to “national suicide.” Read More
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