In Wisconsin, 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 Wisconsin’s economy.
- From 2006 to 2010, there were 10,342 new immigrant business owners in Wisconsin and in 2010, 4.3 percent of all business owners in Wisconsin were foreign-born.
- In 2010, new immigrant business owners had a total net business income of $589 million, which is 4.6 percent of all net business income in the state.
- Wisconsin is home to many successful companies with at least one founder who was an immigrant or child of an immigrant, including well-known businesses such as Kohl’s and other Fortune 500 firms including Oshkosh, American Family Mutual Insurance, Harley-Davidson, and Manpower. Those five companies together employ over 200,000 people and bring in around $60 billion in revenue each year.
Highly skilled immigrants are vital to Wisconsin’s innovation industries, which in turn helps lead American innovation and creates jobs.Read more...
Published On: Thu, Sep 05, 2013 | Download File