New research from Advocacy indicates that the COVID-19 pandemic led to greater earnings losses for business owners of color than white business owners. SBA Office of Advocacy.
California Feudalism: The Squeeze on The Middle Class Chapman University, Center for Demographics and Policy First published October 2018 California was built by people with aspirations, many of them lacking cultural polish or elite educations, but dedicated to hard work, innovation, family, and community. A large number came from other countries or poor backgrounds: sharecroppers
The California Reinvestment Coalition (CRC) consulted nonprofit members, partners, and allies, including financial services providers, to develop recommendations for banks on how to better support immigrant clients in the current political climate.
In light of recent developments in U.S. immigration policy, WalletHub compared the economic impact of foreign-born populations on the 50 states and the District of Columbia. We determined which states benefit the most — and least — from immigration using 19 key indicators. Our dataset ranges from median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs.
An important contributor to economic inequality in the United States is the large and persistent racial and ethnic disparity found in business ownership and performance. Blocked opportunities for minorities to start and grow businesses create losses in economic efficiency, especially through their effects on limiting job creation, wealth accumulation, innovation, and local economic growth. This report provides several new findings on Latino business ownership and success using the latest available Census Bureau data. Latinos are separated by U.S.-born vs. immigrant status to provide insights into the constraints faced in starting and running successful businesses.
Equity Profiles project by PolicyLink recently produced a report for San Francisco, the Bay Area and Los Angeles County. Each profile presents demographic trends and assess how well regions are doing to ensure its diverse residents can participate in the region’s economic vitality, contribute to the readiness of the workforce, and connect to the region’s assets and opportunities.
The US SBA’s Office of Advocacy released “Explaining the Emergence of the Immigrant Entrepreneur.” This report found an explanation for the growth in the number of immigrant entrepreneurs. Put simply, age is related to self-employment, and immigrants are getting older. In addition, as the native-born Baby Boomers age and retire, the number of self-employed will decline.
PPIC published “Immigrants in California.” Our state is home to more than 10 million immigrants-about a quarter of the nation’s foreign-born population. The state economy increasingly depends on immigrants to meet demand for highly educated workers, but it also continues to rely on immigrants with little formal education.
The SBA’s Office of Advocacy has a new report – The Arrival of the Immigrant Entrepreneur. Over the last 20 years, the role of immigrant entrepreneurs has grown. The percentage of the self-employed who were born abroad more than doubled between 1994 and 2015, growing from 8.6 percent to 19.5 percent. This report shows that the growth was caused by three changes — an increase in the size of the population born abroad, an increase in self-employment among those born abroad, and a decrease in self-employment overall.
Robert Fairlie, writing for the Partnership for a New American Economy, looks at how immigrant-owned small and micro-businesses are driving job creation and growth in the United States.