TAILIEUCHUNG - I MMIGRANT S MALL B USINESS OWNERS: A S IGNIFICANT AND G ROWING PART OF THE E CONOMY

Variations in the number of SMEs reflect changes in the structure as well as the ownership of business and industry in general. Much of the increase in SME registrations in the EU in the 1990s reflected the downsizing and restructuring of large companies. Previously ‘internalised’ services and processes were moved out of companies focusing on their ‘core’ business. Similarly, in transition economies, privatisation and restructuring have led to the creation of new small firms. Therefore, small enterprise development policy is closely linked to policies relating to privatisation, restructuring of industries and new models of organising production and commercial activity, such as supply chains and cluster development. | Immigrant Small Business owners A Significant and Growing Part of the economy A report from the fiscal Policy Institute s Immigration Research Initiative June 2012 Immigrant Small Business Owners June 2012 Core support for the Fiscal Policy Institute s Immigration Research Initiative is provided by the Carnegie Corporation of New York. The statements made and views expressed are solely the responsibility of the Fiscal Policy Institute. Acknowledgments The principal author of Immigrant Small Business Owners is David Dyssegaard Kallick senior fellow of the Fiscal Policy Institute FPI and director of FPI s Immigration Research Initiative. James Parrott FPI s chief economist and deputy director provided constant support and research guidance. The report was prepared under the oversight of Frank Mauro the Fiscal Policy Institute s executive director who gave particularly valuable input on property tax issues. Research associate Jonathan DeBusk conducted extensive data analysis for the report and gave valuable input on the findings. Carolyn Boldiston senior fiscal policy analyst and Jo Brill FPI s communications director gave helpful feedback throughout the research process. The Immigration Research Initiative gratefully acknowledges the guidance of its expert advisory panel which is listed in full on the final page of this report. Particular thanks are also due to the dedicated staff of the Census Bureau and the Bureau of Labor .

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