Immigration Fuels Entrepreneurship and Small Business Growth in the U.S.

Immigrants drive entrepreneurship and small business growth in the US, contributing to economic prosperity. Policymakers must recognize the economic potential of immigrants and support their entrepreneurial efforts.

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Salman Khan
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Immigration Fuels Entrepreneurship and Small Business Growth in the U.S.

Immigration Fuels Entrepreneurship and Small Business Growth in the U.S.

Abel Nunez, the Executive Director of CARECEN, highlights the vital role of immigration in driving entrepreneurship and the growth of immigrant-owned small businesses across the United States. In an interview with CGTN's Sean Callebs, Nunez emphasizes how immigrants have been a vital force behind the success of numerous small businesses, contributing significantly to economic growth and job creation.

Nunez highlights the importance of supporting and empowering immigrant entrepreneurs, who often face unique challenges and barriers in their pursuit of business ownership. By providing the necessary resources and opportunities, the U.S. can further strengthen its economy and foster a thriving small business landscape.

The positive impact of immigration on entrepreneurship extends beyond the United States. Liliana Angel, a Venezuelan migrant in Peru, exemplifies the resilience and determination of immigrants in the face of adversity. Despite losing her middle-class life in Venezuela due to hyperinflation, Angel now sells sweets on the streets of Lima while living in a shelter, demonstrating the entrepreneurial spirit that many immigrants possess.

Why this matters: The influx of migrants is not just a political issue but also an economic one, with businesses concerned about restricted access to international talent. The flow of people beyond borders drives human development globally, helping to meet critical labor demand while enriching societies.

Nunez's insights shed light on the broader impact of migration on national and municipal governments worldwide. As policymakers tackle the challenges and opportunities presented by immigration, it is vital to recognize the economic potential that immigrants bring to their host countries. "Immigrants have been a driving force behind the success of many small businesses across the country, contributing to economic growth and job creation," Nunez emphasizes, underlining the need to support and empower immigrant entrepreneurs in the United States.

Key Takeaways

  • Immigrants drive entrepreneurship and small business growth in the U.S.
  • Immigrant entrepreneurs face unique challenges, need support and resources.
  • Immigrant resilience and entrepreneurial spirit exemplified by Venezuelan migrant in Peru.
  • Immigration is an economic issue, with businesses concerned about talent access.
  • Policymakers must recognize the economic potential that immigrants bring to host countries.