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Immigrant entrepreneurs and the American economy

February 6, 2007, 9:27 AM

Colombian_entrepreneurs The people in the picture may look like doctors, but they're actually two small business entrepreneurs from Queens making traditional Colombian flatbreads known as arepas. If you've ever spent any amount of time in the outer boroughs of New York City, then you know the city is positively teeming with these small mom-and-pop type stores run by thrifty, hard-working immigrant families. (To a lesser degree, these immigrant-run businesses exist in Manhattan, but it's much harder to do business next to a bunch of chain restaurants and big-box retailers). Anyway, the New York Times shines the spotlight on these immigrant-run businesses, calling them "entrepreneurial spark plugs" for the economy:

As the flow of immigrants to suburban and small-town America outpaces the growth of bustling ethnic centers in New York, many foreign-born entrepreneurs... are facing an unfamiliar crossroads. In the city, rising rents and density hamper growth, while swelling ethnic enclaves in the suburbs generate competitors. Yet in other places, opportunity beckons as never before, as immigrants expand the tastes of mainstream America.

Whether these businesses exploit the new chances to break out or succumb to the new perils, the city’s economy will feel the effects. “Immigrants have been the entrepreneurial spark plugs of cities from New York to Los Angeles,” said Jonathan Bowles, the director of the Center for an Urban Future, a private, nonprofit research organization that has studied the dynamics of immigrant businesses that turned decaying neighborhoods into vibrant commercial hubs in recent decades. “These are precious and important economic generators for New York City, and there’s a risk that we might lose them over the next decade.”

What's amazing is that the city doesn't do more to encourage these businesses. As the article points out, these businesses tend to get caught up with language barriers, bureaucratic nightmares, and credit problems.

Which sounds a lot like the state of innovation in many companies today. The people doing the innovating on the "edges" of the corporation are needlessly bogged down with bureaucratic nightmares and hoops to jump through. Yet, it is exactly this type of raw innovation that needs to be nurtured, protected and given an outlet to grow.

[image: Immigrant Entrepreneurs]

 

Immigrant entrepreneurs and...

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