(New York, New York) June 29, 2012 – The Fiscal Policy Institute (FPI) recently released a June study, Immigrant Small Business Owners, which highlights the important role immigrants play in today’s small businesses throughout the United States. The New York Association of Grocery Stores (NYAGS) recognizes the immigrants’ presence and emphasizes their vital contribution to New York’s economy.
According to U.S. Census Bureau data analyzed by Huffington Post in November, the New York City metropolitan area is home to the largest small business population in the United States: 520,480. Through an analysis of the Survey of Business Owners (SBO) and the American Community Survey (ACS), the FPI determined the following facts concerning the immigrant involvement in New York’s small business ventures:
- Of the 25 largest metropolitan areas in the United States, New York has the third largest immigrant share of business owners; 36 percent of business owners in the metro New York area are immigrants.
- Of all 50 States, including the District of Columbia, New York has the second highest concentration of immigrant business owners. Roughly 29 percent of small businesses in New York State are owned by immigrants.
- In general, immigrants in New York are approximately 10 percent more likely to be business owners than U.S.-born workers.
“All across America immigrants create small business enclaves which enrich their respective communities,” says David Schwartz – attorney, NYAGS Co-Founder, and small business advocate. “49 percent of small business grocery stores across the country are immigrant owned. NYAGS is a coalition which will fight on behalf of small business grocers throughout New York, and a large part of following through with our goals at NYAGS involves recognizing the numerous generations of immigrants which have toiled in search of the American dream.”
“NYAGS is a group dedicated to serving the best interests of both New York’s grocery stores and the entire state’s food industry,” asserts Brad Gerstman – second Co-Founder of NYAGS and Partner at Gotham Government Relations & Communications. “Brick-and-mortar grocery stores play an integral role in making New York City what it is today. In the past, the American dream was a beacon of hope to those from abroad. It is our hope, that NYAGS will preserve this dream for many generations to come.”