In Vermont, there is no doubt that immigrant entrepreneurs and innovators play an important role. Immigrant entrepreneurs bring in additional revenue, create jobs, and contribute significantly to the state’s economy. Highly skilled immigrants are vital to the state’s innovation industries, and to the metropolitan areas within the state, helping to boost local economies. Furthermore, local government, business, and non-profit leaders recognize the importance of immigrants in their communities and support immigration through local “welcoming” and integration initiatives.
Immigrant entrepreneurs contribute to Vermont’s economy.
- From 2006 to 2010, there were 1,700 new immigrant business owners  in Vermont, and in 2010, 3.7 percent  of all business owners in Vermont were foreign-born.
- In 2010, new immigrant business owners had a total net business income  of $84 million, which is 3.8 percent of all net business income in the state.
Highly skilled immigrants are vital to Vermont’s innovation industries, which in turn helps lead American innovation and creates jobs.
- Immigrants contribute to Vermont’s economic growth and competitiveness by earning degrees in science, technology, engineering, and mathematics (STEM) fields from the state’s research universities. In 2009, almost 26.4 percent  of STEM graduates from the state’s research-intensive universities were foreign-born, and 28 percent of graduates earning PhDs in engineering in Vermont were not born in the U.S.
- In 2011, the U.S. Department of Labor certified 256 H-1B labor certification applications  in Vermont, with an average annual wage of $64,519, which is higher than both Vermont’s median household income  of $54,168 and its per capita income of $28,846.
- An expansion  of the high-skilled visa program would create an estimated 750 new jobs in Vermont by 2020. By 2045, this expansion would add  around $284 million to Gross State Product and increase personal income by more than $257 million.
While the numbers are compelling, they don’t tell the whole story.
- Immigrant investors are helping finance  the successful Jay Peak resort, in northern Vermont, west of Newport. Through the EB-5 immigrant investor visa program, the resort has been able to garner significant funding for expansion to be a year-round destination. The resort’s owners estimate that the $865 million expansion project could create 10,000 direct and indirect jobs over several years.
- Immigrant entrepreneurs not only contribute to large innovative companies, but to small business formation in local communities. In cities across Vermont, immigrant family-owned small businesses contribute to the vitality of their local communities. Although initially aimed at other immigrant customers, many businesses quickly see an expansion of their clientele to include a diverse array of immigrant and native-born customers alike.
- In Burlington, immigrant- and refugee-owned ethnic groceries and markets  cater to the culinary tastes of different countries of origin represented among the foreign-born population in northwest Vermont. Several establishments  along and near North Street and Winooski Avenue include Africa Market, Thai Phat Oriental Foods, Global Market, a couple of Asian markets, Himalayan Food Market, among others.
- Andy Thai, the Vietnamese owner of Thai Phat, notes the broad cross section of residents the markets cater to. As he stated , “I see every one of them. I see Bosnia, I see Quebec, I see China, Laos, Cambodia. I see most everyone. All ‘round the world.”
- The Old North End neighborhood  of Burlington was “once filled with Irish, Italian and Quebecois families,” the New York Times notes. The area today has “been transformed anew, this time with markets like the Somali-owned Community Halal grocery, a store that has made it possible to buy frozen Australian camel meat in Vermont.”
- Immigrants and refugees have also brought their food preparation and agricultural skills  with them to Vermont. A number of foreign-born farmers have marketed their unique products, becoming entrepreneurs themselves.
- Additionally, according  to the New York Times, “the Intervale Center, a nonprofit that helps the farmers sell some of the produce to restaurants like American Flatbread in Burlington, Community Supported Agriculture subscribers and food co-ops, also encourages refugees to experiment” with a variety of food crops.
In Vermont, some localities have begun recognizing and supporting immigration through local “welcoming” and integration initiatives.
- The Association of Africans Living in Vermont (AALV), based in Burlington, is an organization  that “helps new Americans from all parts of the world gain independence in their new communities through a range of integration services, including bridging case management, workforce development, behavioral health awareness, and interpreter services programming.”
- Founded as a small African community organization , AALV decided in 2009 to provide services to all refugees in Vermont, including Bhutanese, Burmese, Iraqis, and others.
- New Farms for New Americans (NFNA) is one component  of AALV’s Workforce Development Program. NFNA works with newcomers to foster “access to community gardens and gardening resources, education about farming for a profit in the U.S. and participation in social enterprise sales and launching an independent farm business.”
Published On: Thu, Jul 11, 2013 | Download File