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Half NYC’s Small Biz Owned By Immigrants
According to the study published Monday by the Fiscal Policy Institute, immigrants constitute just over one-third of New York City residents. But they are 48 percent of the city’s small-business owners.
Immigrants dominate businesses like grocery stores, taxi services and dry cleaning but they are in every sector of the economy.
The foreign-born entrepreneurs come from all over the world. The country whose natives make up the largest share of immigrant business owners is China, with about 9 percent of the total. China is followed by the Dominican Republic, Korea, India, Italy, Greece, Colombia, the former Soviet Union, Israel and the Palestinian territories and Jamaica.
Photo by Timothy Krause
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