Immigrant-Owned U.S. Companies Said to Generate $775 Billion [View all]

[AlphaCentauri]

Source: Bloomberg

Immigrant-owned businesses employ one in 10 U.S. workers in private companies and contribute more than $775 billion of revenue to the U.S. economy, according to the Partnership for a New American Economy.
The businesses generate about $125 billion in payroll, the nonpartisan advocacy group of 450 mayors and business leaders said in a report to be presented in Chicago and Boston today by the group’s founders, News Corp. (NWSA) Chief Executive Officer Rupert Murdoch and New York Mayor Michael Bloomberg.
Chicago and the Boston area, the respective campaign headquarters of Democratic President Barack Obama and Republican challenger Mitt Romney, are appropriate locations to present forums on immigration policy, Bloomberg said.

“Immigration is what built this country, immigration is what kept this country going for the past 235 years and now we seem to have walked away from it,” Bloomberg said today in Chicago. “Both candidates have been supportive of immigration when they were running earlier, appeared to be in favor of making changes and yet -- nothing.”
He called for visa laws that would make it easier for educated medical and technical workers as well as low-wage and seasonal farm laborers to gain entry to the U.S. Easing those laws has been a signature issue for Bloomberg, who in June 2011 said the U.S. wouldn’t remain a global superpower “if we continue to close our doors to the people who want to come here and work hard.” The mayor has described restrictive immigration laws as “national suicide.”



Read more: http://www.bloomberg.com/news/2012-08-14/immigrant-owned-u-s-companies-said-to-generate-775-billion.html