In Kentucky, 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 significantly to Kentucky’s economy.
- From 2006 to 2010, there were 6,143 new immigrant business owners in Kentucky and in 2010, 3.8 percent of all business owners in Kentucky were foreign-born.
- In 2010, new immigrant business owners had a total net business income of $451 million, which is 5.4 percent of all net business income in the state.
- Kentucky is home to many successful companies with at least one founder or co-founder who was an immigrant or child of an immigrant, including General Cable, Lexmark International, and Hillerich and Bradsby, the manufacturer of the “Louisville Slugger” baseball bat. Those three companies together employ over 25,000 people and bring in around $11 billion in revenue each year.
Highly skilled immigrants are vital to Kentucky’s innovation industries, which in turn helps lead American innovation and creates jobs.Read more...
Published On: Tue, Jul 30, 2013 | Download File