Immigrant-Owned U.S. Companies Said to Generate $775 Billion

Bloomberg News
August 14, 2012

Immigrant-owned businesses employ one in 10 U.S. workers in private companies and contribute more than $775 billion of revenue to the U.S. economy, according to the Partnership for a New American Economy.

The businesses generate about $125 billion in payroll, the nonpartisan advocacy group of 450 mayors and business leaders said in a report to be presented in Chicago and Boston today by the group’s founders, News Corp. (NWSA) Chief Executive Officer Rupert Murdoch and New York Mayor Michael Bloomberg.

Chicago and the Boston area, the respective campaign headquarters of Democratic President Barack Obama and Republican challenger Mitt Romney, are appropriate locations to present forums on immigration policy, Bloomberg said.

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