The Business of Immigrants – More!

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Macro statistics reveal country-wide trends. Immigrants aren’t just opening convenient stores, laundries, and nail salons.

It would be a mistake to assume stereotypes in regard to immigrant diversity and ingenuity. In actuality, New Americans are successfully forecasting into the future by choosing industries that will sustain the viability of their enterprises.

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The State of Pennsylvania

Map the Impact, a project of Partnership for a New American Economy, breaks down information regarding each state.  Pennsylvania has a growing population of immigrants who contribute to the economic success of the commonwealth.

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Here is a summary of immigrant business owners, number of new businesses formed from 2006 to 2010 with annual generated income.

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New Americans are excelling at business and entrepreneurship in states across the nation. The economies of California, New York, and Florida all benefit greatly from the influx of New American entrepreneurs.

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“N.Y./Region. A Surge of Immigrant Entrepreneurs” appeared in the New York Times on February 6, 2007.  The video spotlights the neighborhood of Jackson Heights in Queens, N.Y.  The explosion of immigrant entrepreneurs from several cultures has fulfilled many dreams.

Ramon Acevedo, originally from Colombia, moved to New York in 1968.  His business is centered around the production of his special recipe of corn empanada.  His dream is larger now than ever, but initially, he sold his empanadas with his sister out of his apartment.  In 2007, Acevedo’s company, Rasol Foods, produced 20,000 empanadas every day.

He shares a cooperative kitchen with other entrepreneurs in the Bronx.

He secured his first loan only in 2006 of $50,000 through help from the Small Business Administration and his local bank.

Immigrating to America, Acevedo started with a simple product that people enjoyed and worked very hard to make his dream a reality.  In the process, he employed other people.  As a result of receiving a loan, he will be able to triple his work force to ramp production and take his products to super markets.

“I have a mission to accomplish,” he said.  “The satisfaction of seeing your product in a shelf or consumed on the street is something that is very difficult to describe.”

See Acevedo’s story along with others at:

“N.Y./Region – A Surge of Immigrant Entrepreneurs”

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