Tuesday, October 11, 2011

Immigrants Dominate Small-Business Ownership In New York City

Immigrants have always been entrepreneurs here, many huge companies were started by immigrants. This is being proved in NYC now. - - Donna Poisl

by Alicia Ciccone

Nearly half of all small-business owners in New York City are immigrants, according to a new report by the Fiscal Policy Institute's Immigration Research Initiative.

That number increases dramatically when the focus is turned on small businesses that aid in residents' daily lives. According to the study, immigrants own 84 percent of small grocery stores, 69 percent of restaurants and 63 percent of clothing stores. The trend continues into other industries like construction and engineering, which cite 62 percent and 40 percent ownership, respectively. In total, 48 percent of business owners in the Big Apple are immigrants.
Click on the headline above to read the rest of this story! This is only a small part of it.

1 comment:

Miki said...

Do you believe that all the staff members are legal citizens?