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TwitterImmigrants are critical to the well-being of the U.S. economy. And that most certainly includes immigrant entrepreneurs.Earlier this month, the U.S. Small Business Administration’s Office of Advocacy released a new study by David Hart, Zoltan Acs, and Spencer Tracy, Jr. titled “High-tech Immigrant Entrepreneurship in the United States.”Among the findings of a survey of “rapidly growing high-impact, high-tech companies” were:• “We find that about 16% of the companies in our sample had at least one foreign-born person among their founding teams.
Archive for the ‘Immigration’ Category
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Immigration and Employers
July 17th, 2009 
admin In case you missed it, read a July 16 Wall Street Journal editorial titled “Blame the Employers.”The piece noted that the Obama administration is now following the misguided Bush administration’s blame-the-employer policies regarding immigration enforcement. The editorial highlights the problems with the government’s E-Verify system/database to verify the legal status of workers, and the fact that E-Verify cannot catch identity fraud.And as for the proposal to go to a national biometric ID card, the Journal asks: “But if national ID cards are the silver bullet, why does Europe have so many illegal immigrants despite ID systems that have been in place for decades?”The Journal correctly concludes: “The broader issue is that the Obama Administration, like its predecessor, has accepted the premise that the key to curbing illegal immigration is a crackdown on employers.
Immigrants Impact on States and Localities
June 1st, 2009 admin The assumption in too many political debates is that immigrants are a net negative on state and local government budgets – especially undocumented workers. But economic reality is quite different.In late April, the Immigration Policy Center published a valuable report highlighting the findings from a variety of studies looking at immigrations, and their effects on states and localities.The report sums up:Accurately assessing the costs and contributions of immigrants, particularly undocumented immigrants, is a challenge, but research shows that between one-half and three-quarters of undocumented immigrants pay federal and state income taxes, Social Security taxes, and Medicare taxes.
