While the Trump administration continues its assault on immigrants, recent economic data shows the immense economic value immigrants have on the U.S. economy. Numerous studies posted by Immigrant Business in the past have already highlighted similar data, but a stunning new Map the Impact study focused on Cleveland, Ohio, reveals the dramatic and positive impact of immigrants on that city’s local economy.
We need to make sure that America returns to its position as being the beacon for the best, brightest and most courageous to come here, start businesses and revitalize America.” – Foulis Peacock
- Paid $1.2 billion in state and local taxes
- Own 33,493 homes
- Weild $3.2 billion in spending power.
“This new research proves what we’ve known for years: immigrants are an advantage to our local economy and in every community in America,” said Joe Cimperman, president of Global Cleveland.
“Despite the ongoing repetition of misinformation, immigrants don’t take away jobs,” Cimperman added. “They’re teachers, nurses, and physicians.” They start businesses, open stores, buy homes, send their children to school, and become part of the community, he said.
“This new research proves what we’ve known for years: immigrants are an advantage to our local economy and in every community in America”
The report also said that immigrants are far more likely than their native-born neighbors to be entrepreneurs, and to work in professional, scientific, technical, healthcare, and manufacturing.
Other highlights from the report, include:
- In Cleveland, immigrants are 75.1 percent more likely to be entrepreneurs than native-born Clevelanders.
- The five-county region is home to 7,405 immigrant entrepreneurs.
- Immigrants are more likely to be of working age — between the ages of 25 and 64 — than the native-born population. In Greater Cleveland, nearly 64 percent of immigrants are of working age, compared to only 52 percent of the native-born population.
Meanwhile, the Trump administration continues its assault on immigrants across America, pursuing travel bans and border walls. Instead of focusing on positive studies like these, the President has focused on calling attention to crimes committed by undocumented immigrants, by asking the Department of Homeland Security to create an office called VOICE (Victims of Immigrant Crime Engagement).
Immigrant Business founder, Foulis Peacock, says Trump should be focusing on new, overwhelmingly positive data coming from Cleveland and around the U.S.. which reinforces the fact that immigrants are a huge positive for America.
“Immigrants create wealth and jobs for Americans”
“Immigrants are launching businesses at twice the rate of native born Americans – at a rate of 80,000 every single month — and these businesses, as can be seen from the Cleveland data, are revitalizing American cities, creating jobs for Americans and pouring tens of millions of dollars into our tax coffers. Immigrants create jobs and wealth for Americans,” said Peacock.
“We need to get that message across to the Trump administration. We need to streamline our burdensome immigration process and attract more immigrant entrepreneurs to the U.S. We need to make sure that America returns to its position as being the beacon for the best, brightest and most courageous from around the world, to come here, start businesses and help revitalize America.”