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Boom in Immigrant Small Business Owners in NYC: Report
Wall Street Journal: Metropolis June 14, 2012 Foreign-born owners of small business in the New York metropolitan area grew by 66% between 1990 and 2010, according to a Fiscal Policy Institute report released Thursday. Lead author David Dyssegaard Kallick attributed the growth to increases in the overseas-born population during the same period. “Immigrants are playing […]
Read MoreImmigrant Entrepreneurship On The Rise In US: Study
The Huffington Post June 14, 2012 Immigrants are assuming a bigger role on Main Street, according to a new report from the Fiscal Policy Institute’s Immigration Research Initiative. Immigrants now make up 18 percent of small-business owners in the United States, a six percent increase from 20 years ago. The report found that 37 percent […]
Read MoreImmigrants’ Role in the Small Business Economy Grows
Bloomberg Businessweek June 14, 2012 The share of U.S. small businesses owned by immigrants has expanded by 50 percent since 1990, with almost one-fifth of business owners born outside the country, according to a new report (PDF) by the Fiscal Policy Institute. The number of foreign-born business owners has increased in tandem with the immigrant […]
Read MoreWant to Move a Worker? to the U.S.? Good Luck
Bloomberg Businessweek June 14, 2012 As director of Oracle’s (ORCL) U.S. immigration program, Denise Rahmani arranges work papers for foreign employees the company wants to bring to the U.S. Last year, she says, the federal government denied 38 percent of Oracle’s visa requests. “It used to be almost none of them got rejected,” Rahmani says. […]
Read MoreNo Hiring New H-1B Visa Holders for the Next 15 Months
Forbes June 13, 2012 H-1B temporary visas are important because they typically are the only practical way for a skilled foreign national, including international students educated on U.S. campuses, to work long-term in the United States. Despite this, U.S. companies will not be able to hire anyone on a new H-1B visa for a long […]
Read MoreDouglas Baker: We’re Turning Away Entrepreneurs. Fix Our Immigration Policy
Twin Cities Pioneer Press June 13, 2012 Last week’s jobs report said employers added only 69,000 jobs in May. This was a disappointing statistic, but also a somewhat misleading one as it implies a simplicity that doesn’t exist. In fact, hundreds of thousands of jobs were both created and eliminated last month. For perspective, in […]
Read MoreREGION: A Third of Inland Small-Business Owners are Immigrants
The Press-Enterprise June 13, 2012 In an Indiana Avenue strip mall just off Highway 91 in Riverside, there’s an Egyptian-run dry cleaner, a Thai-owned postal-services shop, a Mexican-operated Christian bookstore, a Chinese foot-massage business, a Cambodian-owned deli and an Egyptian-run pizza cafe. Only one business in the center has a U.S.-born owner. Such concentrations of […]
Read MoreGive Us Your Geniuses: Why Seeking Smart Immigrants Is a No-Brainer
The Atlantic June 13, 2012 In 1939, four physicists wrote a letter to the president of the United States, alerting him to the possibility of nuclear weapons. The United States responded with the Manhattan Project. In short order, the new weapon produced by that project had made the United States the world’s first true superpower […]
Read MoreH-1B Visas Hit the Cap, Sending Companies to Plan B
Bloomberg Businessweek June 13, 2012 For Silicon Valley, a day of ritual disappointment came on June 12: The U.S. announced that the slots for 2013 H-1B visas had all been filled. On the first business day in April, U.S. Citizenship and Immigration Services opens the rounds of petitioning for these coveted visas for highly skilled […]
Read MoreMigrants Keep Small-Business Faith
Wall Street Journal June 13, 2012 Immigrants are more inclined to own small businesses than native-born Americans and are increasingly opening shop in areas beyond the major cities in which they have traditionally settled, a trend that is energizing local economies and reshaping communities. Immigrants accounted for 18% of the country’s 4.9 million small-business owners […]
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