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Entrepreneurship and Innovation Newsletter - July 11, 2013

Latest Research

  • Immigration, Talent, and Economic Competitiveness are Interrelated: A July 2 post recaps a recent report by Gordon Hanson (University of California, San Diego) and Matthew Slaughter (Dartmouth) that describes these relationships in the United States.
  • Immigration Helps the Housing Market: A new report from the Americas Society/Council of the Americas and the Partnership for a New American Economy shows the positive contributions immigrants make to the housing market. An interactive map accompanying the report illustrates the net change in a county’s immigrant population from 2000 to 2010 and the corresponding effect on median home value in that county. Building upon this report, A June 21 article from the Atlantic Cities explores the geography of immigration and the housing market, and outlines why cities should be leading the push for immigration reform.
  • Immigrant Integration is Important to Local Economies: Two recent reports from the Building Resilient Regions research group describe the economic integration of immigrants and the local politics of immigrant integration.
  • Local Welcoming Initiatives Encourage Immigrant Entrepreneurship: A July 3 post describes several organizations that spotlight metropolitan region immigrant integration efforts and local welcoming initiatives. Such initiatives recognize that a locally inclusive environment for immigration and immigrant entrepreneurship is economically beneficial for a metropolitan region.
  • Immigrants and Their Children are Important to the Future American Workforce: A June 20 post highlights a new report from the Center for American Progress, which describes the contributions of immigrants and their children to the American workforce and jobs of the future. In particular, the study finds that immigrants and their children “will play a vital role in reshaping the workforce, filling essential jobs, and sustaining economic growth.”
  • Senate’s Immigration Bill would Impact Wage Levels for Skilled Foreign Workers: The National Foundation for American Policy issued a new report in June that examines the impact the Senate’s S.744 immigration reform bill would have on wage levels for skilled foreign workers in the U.S. The report specifically focuses on proposed wage level changes for H-1B visa holders, and highlights examples from particular cities for specific occupations.
  • Temporary Foreign Workers Contribute Throughout the Economy: The Brookings Institution published a new report on June 18, examining the facts about temporary foreign workers in the United States. Their analysis presents data on the numbers, occupations, and geographical distribution of temporary workers, including those on H-1B, H-2A, and H-2B visas, along with a look at various proposed policy changes currently under consideration in Congress.
  • CBO Report Quantifies the Economic Benefits of the Senate Immigration Bill: In June, the Immigration Policy Center released an overview of how the Congressional Budget Office (CBO) report quantifies the economic benefits of the Senate immigration bill. On June 18, the CBO and Joint Committee on Taxation issued two reports about the Senate’s S.744 immigration reform bill. The first one analyzes (or “scores”) the fiscal impact of the bill over the next 20 years and the second one focuses on the impact some aspects of the bill would have on the U.S. economy.

News Updates

  • Immigration and Entrepreneurship Lead to Job Creation: The New York Times published an article on July 1 about immigration and entrepreneurship. Specifically, this article describes – and reinforces through visuals – one of the key economic arguments for immigration reform, which is that immigrants create jobs.
  • Immigrants Have a Higher Rate of Entrepreneurship: A June 20 article from the Wall Street Journal discusses updates to a report from the National Venture Capital Association. The report, showing contributions of immigrant entrepreneurs, found that one-third of U.S. venture-backed companies that went public between 2006 and 2012 had at least one immigrant. Furthermore, a June 26 article from Forbes examines first generation immigrants and their level of entrepreneurship, stemming from the 2012 Global Entrepreneurship Monitor U.S. Report. Specifically, first generation immigrants are starting businesses at nearly twice the rate of their children’s generation and a 27 percent higher rate than native-born citizens.
  • More Immigrants are seen as an Economic Boon to Local Economies: As metropolitan regions continue to recognize the important contributions of immigrants and immigrant entrepreneursto local economies, more places are implementing local welcoming and integration initiatives. For example, one article highlights St. Louis and its recent announcement of the St. Louis Mosaic Project, which offers ideas on how St. Louis might draw more newcomers. Additionally, this article shines a spotlight on other immigrant welcoming initiatives in Cleveland, Detroit, and Philadelphia. Another article (July 3) describes how cities such as St. Louis increasingly view immigrants as an economic advantage.
  • Local Leaders Promote Economic Prosperity by Welcoming Immigrants: A growing list of cities and counties are joining Welcoming America’s new Welcoming Cities and Counties initiative. A recent article in Communities and Banking magazine (Summer 2013) highlights this new initiative and describes how cities and counties can promote economic prosperity by welcoming immigrants.