Study: Colorado Immigrant Owned Businesses Generate $684 Million In Earnings
September 6, 2012. A post on the DailyMarkets.com blog. Excerpt:
Colorado’s immigrant-owned businesses generate a whopping $684 million a year in revenue, according to research conducted by the American Community Survey. There are over 13,000 immigrant-owned small businesses in Colorado according to a recent study conducted by the Fiscal Policy Institute, a research organization in New York.
The report, Immigrant Small Business Owners: A Significant and Growing Part of the Economy, details the number and characteristics of immigrant small business owners across the country and Colorado’s number of immigrant owned businesses, specifically, is an ‘unexpected finding’ said Kathy White, deputy project director at the Colorado Fiscal Policy Institute. Another interesting finding, the report says, is that Denver Metro immigrants are 10 percent more likely to own a small business than their U.S.-born counterparts.
The study used data from the U.S. Census Bureau’s American Community Survey. The $684 million in earnings from immigrant-owned businesses is based on revenues from 2006 to 2010, the publication reports. More >