December 10, 2009

IMPORTING SELF-RELIANCE:

More immigrants leap into business ownership (Maria Sacchetti, December 10, 2009, Boston Globe)

Call it immigrant drive, or desperation, but immigrant-owned businesses are popping up at levels unimaginable decades ago. Last year, an estimated 61 percent of new businesses were launched by immigrants, according to a Babson College survey.

“I always wanted to work for myself. It’s not easy, but something drove me to it,’’ said Vo, 32, as she sat behind the counter at Fusion Foods on Everett Avenue while a fighting fish named Sushi swam in a glass bowl. “I think a lot of immigrants who have opened their own businesses believe it’s the only real way to have an easier life.’’

Immigrants, who also account for 23 percent of established businesses, are anchoring downtowns in cities and remaking the suburbs across the region, launching businesses as varied as biotech firms, bridal salons, and bakeries.


While Congress debates how much to hand out to the natives.

Posted by Orrin Judd at December 10, 2009 6:31 AM
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