A new report out from New America Economy takes a look at the impact that new Americans have on Arizona. According to the report, the foreign-born population grew in Arizona from 7.6% in 1990 to 13.4% in 2010. Today, Arizona boasts the 11th largest immigrant population in the United States, and the immigrants who live here are making critical contributions to the state's economy.
Many reports, including this report, have indicated that immigrants are more likely to start their own business. While about 14% of Arizona residents were born abroad, 22% of entrepreneurs in Arizona are immigrants. The report explains these numbers:
Through creation of all these businesses and entrepreneurial endeavors, Arizona's immigrant population have become job creators. In 2010, roughly 1 in 10 American workers with jobs at private firms were employed at immigrant-founded companies.
Immigrants in Arizona are also bringing in massive earnings, and in turn, are contributing to the tax base:
This report confirms what we've suspected for some time: that immigrants contribute in staggering ways to our local economy and communities. To read the entire report and see how else immigrants contribute to Arizona, click here.