Monday, September 22, 2014

How immigrant entrepreneurs are making it

http://money.cnn.com/2014/09/18/smallbusiness/immigrant-entrepreneurs-exports/index.html?iid=SF_SB_River

Immigrant entrepreneurs have greater advantages in the export market because of their first hand knowledge and stronger connections abroad. Royce Leather that was founded by Harold Bauer in 1974, just a year after he moved to the U.S. from Austria. Today, the company exports to fifteen countries, which is up from 45% just five years ago. Even though not all immigrant-owned-business have these same kinds of advantages, they still have a "much higher propensity for participating in transnational activities." Because they are more comfortable being around with customers from different cultures. Nearly half of the small and medium sized business who are involved with international trading have grown exports over the past year, according to a survey done by Western Union Business Solutions.
Immigrants had greatly impacted the U.S. economy positively. I think the government should encourage potential younger immigrants to start business and use their advantages in hands by giving them fair amount of more funding. U.S, is not doing great with exporting to other countries, so the need of keeping and encouraging these immigrant entrepreneurs is necessary for bringing benefits to the economy.  

No comments:

Post a Comment