Inc: Mark Cuban-Backed Group Explains How Immigrants Affect Your Local Economy

As the Trump administration continues its push for aggressive enforcement of immigration laws, a group of business leaders want to use economic data to influence the conversation.

A group called New American Economy–whose members include Y Combinator’s Sam Altman, Dallas Mavericks owner Mark Cuban, Twitter and Square’s Jack Dorsey, and Rent the Runway co-founder Jennifer Fleiss–advocates for immigration policies that benefit the economy. To that end, the organization released a report Tuesday, which aims to measure the economic activity generated by immigrants in each voting district of the United States. The interactive report, called Map the Impact, includes the number of businesses started by immigrants, the number of employees at immigrant-owned companies, and the amount of taxes paid by immigrants in 2014.

Nationally, foreign-born citizens own 18 percent of the businesses in the United States. According to Census Data gathered by Map the Impact, the states with the highest percentage of immigrant entrepreneurs as a share of total entrepreneurs include California (38.4), Florida (33.2), New York (32.7), New Jersey (32.3), and Nevada (29.9). Map the Impact also measured the percentage of Fortune 500 companies founded by immigrants or their children in each state. The state with the highest percentage was Washington, with nearly 60 percent.

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About NAE

New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…