In Tennessee, 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 Tennessee’s economy.
- From 2006 to 2010, there were 15,369 new immigrant business owners in Tennessee, and in 2010, 7.2 percent of all business owners in Tennessee were foreign-born.
- In 2010, new immigrant business owners had total net business income of $851 million, which is 5.6 percent of all net business income in the state.
- Tennessee is home to many successful companies with at least one founder who was an immigrant or child of an immigrant, including International Paper. This company, which ranks 111th in the 2012 Fortune 500, employs 60,000 people worldwide, including 2,000 at its headquarters in Memphis.
Highly skilled immigrants are vital to Tennessee’s innovation industries, which in turn helps lead American innovation and creates jobs.Read more...
Published On: Tue, Jul 02, 2013 | Download File