St. Louis Beacon
October 9, 2012
Immigration policy is a hot button topic, especially in an election year. One aspect of current policy that is not getting much political attention is the fact that our current policy is driving immigrant entrepreneurs away.
It has long been recognized that new businesses are a prime source of job creation. But there has been a change in the nature of those businesses over the past decade. Between 1995 and 2007, data from the Bureau of Labor Statistics show that the number of new businesses opened increased about 10 percent. The onset of the Great Recession changed that trend. The number of new businesses opening dropped to about 500,000 in 2010 and has since only partly recovered.