Wednesday, November 16, 2005

Immigrants Spark Growth

From USAToday:

Large numbers of immigrants and their businesses in U.S. inner cities often spark growth in jobs and household incomes — and even broader economic activity in those locales, according to a study released Tuesday.

For decades, policymakers have debated the best ways to boost bleak inner-city economies. Immigrants and rundown urban neighborhoods are seen by some as a drain on the U.S. economy, according to Harvard Business School professor Michael Porter.

But in his study, Porter found that the 5.5 million immigrants who live in inner cities are key catalysts to economic growth and urban investment.


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