Baltimore's immigrant entrepreneur population grew 18%, report shows - Technical.ly Baltimore

Civic

Jul. 8, 2019 11:52 am

Baltimore’s immigrant entrepreneur population grew 18%, report shows

New American Economy looked at the economic impact of immigrants on local economies. In 2017, the area had nearly 24,000 immigrant entrepreneurs.
On the map.

On the map.

(Baltimore map via Shutterstock)

When it comes to the economic contribution of immigrants, starting a business plays a growing role in the Baltimore area, according to recently released data.

The number of immigrant entrepreneurs in the Baltimore metro area grew 18% from 2016 to 2017, according to The New America Economy (NAE), a New York-based research and advocacy organization. Its data shows that in all, Baltimore has 23,885 immigrant entrepreneurs, which means that the population of foreign-born people who moved to the U.S. from other countries are “crucial job creators,” NAE reports. When it comes to cross-population comparisons, the data indicates that immigrants are 57% more likely to be entrepreneurs than U.S.-born residents.

“As Baltimore continues to grow, the local small business sector will be critical to this economic prosperity,” said Kate Brick, NAE’s director of state and local initiatives, in a statement. “Immigrants will continue to play an outsized role in this growth as they start new businesses and support the local economy through consumer spending.”

A few more data points looked at the overall economic contribution of immigrants in the area for 2017:

  • In all, the area has more than 305,000 immigrant residents, making up about 11% of the population.
  • In educational attainment, 23.8% of that population had a bachelor’s degree, while 24% had a graduate degree.
  • As consumers, immigrants held more than $8.7 billion in spending power, which represented a $400 million increase over 2016, according to NAE.

NAE crunched the numbers as part of a nationwide look at immigrant contributions from NAE called Map the Impact. It also breaks down data by state and congressional district, so find more Maryland numbers available here.

Policymakers have seen welcoming immigrants as a key to growing Baltimore. During her term, former mayor Stephanie Rawlings-Blake actively recruited immigrants to the area, and current Mayor Bernard C. “Jack” Young recently reaffirmed the city’s position as a welcoming city.

Advertisement

-30-
BECOME A CONTRIBUTOR TO THE JOURNALISM FUND TO COMMENT
Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Georgia economic leaders paid a visit to Maryland cyber centers

How web-based creators are influencing the economy

Lyft reports $37M economic impact in Baltimore in 2018

SPONSORED

Baltimore

Why two eminent Baltimore higher-ed institutions collaborated to create this unique dual degree program

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Baltimore, MD

14 West

BI TechOps Analyst

Apply Now

EAGB names interim president, explores new leadership model

Here’s how Baltimore leaders pitched Amazon to bring HQ2 to Port Covington

Baltimore leaders got a follow-up call with Amazon, but no reason why city didn’t make the HQ2 cut

SPONSORED

Baltimore

What Asymmetrik is doing to help lead healthcare’s digital transformation

Baltimore, MD

14 West

Scrum Master

Apply Now

Baltimore, MD

14 West

Lead Qlik Developer

Apply Now

Baltimore, MD

14 West

Senior Qlik Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!