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Analysis

Immigrant Entrepreneurs Help Grow Kentucky Economy

Jason Bailey | June 18, 2012

A new report shows that one in six small business owners in the United States is an immigrant, while in Kentucky immigrants play a disproportionately large role as business owners relative to their small population.

In Kentucky, according to the report by the Fiscal Policy Institute, immigrants make up 4.6 percent of business owners while constituting only 2.8 percent of the population. Immigrants are more likely to be business owners in Kentucky than U.S.-born workers. Business owners make up 3.4 percent of the foreign-born labor force in Kentucky, and 2.8 percent of the U.S.-born labor force.

More On Jobs & The Economy: Tracking the Economic Fallout of COVID-19 in Kentucky

As the report shows, immigrants make important contributions to the Kentucky and American economy–including by bringing entrepreneurial ideas and initiative and providing much-needed employment.

“In some communities, we see a political climate that creates a hostile environment for immigrants,” said Frank Mauro, executive director of the Fiscal Policy Institute. “This report shows that, as a country, we can’t go down that path. With immigrants making up one in six of all small business owners, a climate that is hostile to immigrants is also a climate that is bad for business.”

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Perspectives

Kentucky Must Remove the Roadblocks to Unemployment Insurance — Our Most Important Economic Stabilizer

Many Kentuckians Face Hunger and Hardship This Thanksgiving. They Need Relief.

Kentucky Lives and Livelihoods Are on the Line with Supreme Court Challenge to ACA

Letter to Governor Beshear: Priorities for Use of Remaining Coronavirus Relief Fund Monies

Congress Can’t Go Home Without Passing a Strong Aid Package

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Analysis

Tracking the Economic Fallout of COVID-19 in Kentucky

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Analysis

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Analysis

New Employment Data Shows Hardship Across the Commonwealth and for Low-Wage Earners

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