Latin American immigrants in the U.S. are starting businesses at a rate double that of the general population, with 36% of new firm creation in 2023 attributed to them. This trend is seen as beneficial for the U.S. economy and dynamism, particularly in food-related businesses. Despite anti-immigrant rhetoric during the U.S. election season, recent analysis shows immigrants outpacing U.S.-born citizens in new business creation, contributing significantly to economic growth. The Congressional Budget Office predicts a $7 trillion increase in the U.S. economy and $1 trillion in federal revenues due to increased immigration, dismissing anti-immigrant rhetoric as disconnected from reality.
And a reminder that the nonpartisan Congressional Budget Office recently said the U.S. economy will be $7 trillion larger and federal revenues $1 trillion bigger due to increased immigration. The anti-immigrant rhetoric by politicians is just nonsense. It doesn’t reflect reality. https://t.co/kq0APGxtUa
Immigrants and Latinos are most entrepreneurial in U.S., study finds https://t.co/kbgbapqDbP
Immigrants from Latin America accounted for 36% of new firm creation in 2023 and started businesses at twice the rate of the U.S. population as a whole. @WSJ https://t.co/qj78zZtTZb https://t.co/bE1W64j6hL
Anti-immigrant rhetoric this U.S. election season often paints immigrants as straining resources, but a recent analysis shows that immigrants started new businesses last year at more than double the rate of U.S.-born citizens. https://t.co/yVbO6AQd4z
"Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole." Great for the US economy/dynamism, and it comes with an added bonus: many of these are food-related businesses. https://t.co/vL2BqYaaZ1 https://t.co/Hm2lC5ah1l