During the past decade, immigrants have been the entrepreneurial sparkplugs of cities from New York to Los Angeles—starting a greater share of new businesses than native-born residents, stimulating growth in sectors from food manufacturing to health care, creating loads of new jobs, and transforming once-sleepy neighborhoods into thriving commercial centers. And immigrant entrepreneurs are also becoming one of the most dependable parts of cities’ economies: while elite sectors like finance (New York), entertainment (Los Angeles) and energy (Houston) fluctuate wildly through cycles of boom and bust, immigrants have been starting businesses and creating jobs during both good times and bad. http://www.nycfuture.org/images_pdfs/pdfs/IE-final.pdf
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A World of Opportunity: Understanding & Tapping the Economic Potential of Immigrant Entrepreneurs from the Center for an Urban Future, February 2007.
Last Updated: August 17, 2007
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Entrepreneurs & Their Communities
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