Politico: Hispanics Play Key Role in Recovery
On the heels of this week’s United States Hispanic Chamber of Commerce’s annual conference, which attracted small businesses from across the country, Politico reported on the critical and growing role that immigrants play in the revival of the U.S. economy. Some interesting facts:
Immigrants started one-quarter of all venture-backed public companies between 1990 and 2005.
…minorities could account for more than $2.5 trillion by 2010 — nearly one in every $4 of U.S. consumer spending.
In Los Angeles County… the self-employment rate among immigrants is more than 10 percent — almost twice that for the native-born. Nationwide… the number of all Latino establishments increased by nearly three times the national average, while those owned by all Asians expanded by two times.
The piece provides further evidence that Congress must handle this issue with the utmost care lest it jeopardize fragile economic recovery.