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Obama, Romney Immigration Silence Hurts Economy

Published: Aug 16, 2012 8:30 am By: Michael R. Bloomberg

"In good times and bad, immigrants are dreamers and risk- takers. More than 40 percent of Fortune 500 companies were founded by an immigrant or the child of one. A Kauffman Foundation study found that immigrants were more than twice as likely as native-born Americans to start a new business in 2010. (Today, the Partnership for a New American Economy, an organization I help lead, releases a report, “Open for Business,” confirming that was true in 2011, as well.) Similarly, a recent study by the American Enterprise Institute and the Partnership for a New American Economy found that high- skills immigrants not only contribute to productivity, they also generate jobs. Among those employed in STEM fields -- science, technology, engineering, math -- a foreign-born worker with an advanced degree from a U.S. university creates, on average, 2.62 U.S. jobs."

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