September 26, 2012. An opinion piece from the George W. Bush Institute on why immigration matters to the economy.
Data show that immigrants are highly entrepreneurial, putting their skills to good use creating new jobs in the U.S. economy. A June 2012 study published by the Fiscal Policy Institute reports that 18% of all small business owners in the U.S. are immigrants. This is especially impressive considering immigrants make-up less than 16% of the civilian labor force and account for less than 13% of the total U.S. population. That same report finds that among small businesses for which at least half of the founders were immigrants, these firms “employed an estimated 4.7 million people” and “generated an estimated total of $776 billion in receipts in 2007, the most recent year for which these data are available.”