Not-So-Surprising Economic Impact from Immigrant Businesses

In new research, Harvard Business School Professor Michael Porter discovered that immigrants who live in inner cities are key catalysts to economic growth and urban investment. One quote of his in particular is very interesting:

The immigrants “change the very face of entrepreneurship in inner cities” and “provide a much-needed shot of economic vibrancy to distressed neighborhoods.

His study seems to validate what many of those who actually work to build up these communities have already known for a long time, which is minority entrepreneurship and small business development is a critical driver for economic growth. It’s time to stop studying these issues and start making strategic investments into these communities in order to accelerate the economic impact and help alleviate some of the problems that exist there today. It’s time for those with the resources and ideas to come together to create effective and long-lasting solutions that help these businesses grow. Small business growth is one of the key factors that will help to lift these neighborhoods and communities out of the conditions that they are in. This will not only benefit those communities, but also those who make the commitment to invest there.

Check out the rest of the article at USA Today.

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About Paul Wilson Jr.
Paul Wilson, Jr. is a "Dream Catalyst" and Marketplace Pastor for leaders and entrepreneurs. He is driven to lead people to unleash God’s potential in their lives through their purpose, passions, and professional skills. He equips leaders with creative, faith-based strategies to flourish spiritually and professionally, while operating from several multi-media platforms, including TV show host, inspirational speaker, and stimulating writer. Paul is the President of Kingdom Business University, which utilizes workshops, consulting, and coaching services to ignite Christian catalysts maximize their God-given mission in the marketplace. He is the author of the life purpose igniter “Dream B.I.G. in 3D: How to Pursue a Bold, Innovative God-Inspired Life!” He is also the host of Passion in Action, a motivational and educational faith-based Internet TV show for social entrepreneurs, business leaders, and community change agents. Contact us today to learn more about how he can help your business, church, or community to thrive on purpose!

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