Blog - Immigrant facts, news and business

IMMIGRATION STATE-BY-STATE

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New Americans in Connecticut

  • 13.4% of Connecticuters are foreign born
  • 17.7% are Latino or Asian
  • 49.4% are naturalized U.S. citizens and are eligible to vote
  • 11.3% of registered voters are New Americans
  • 86.2% of children with immigrant parents are U.S. citizens
  • 82.9% of children with immigrant parents are English proficient
  • 82.8% of naturalized citizens have a high school diploma or higher
  • 9,350 foreign students contribute $318.2M to the state’s economy
  • Make up 16.7% of the workforce.
  • 4.5% of the workforce is unauthorized
  • Latino-owned businesses had sales and receipts of $2.5 billion and employed 11,872 people
  • Asian-owned businesses had sales and receipts of $3.3 billion and employed 18,838 people
  • The purchasing power of Latinos is $13.4 billion. Asian buying power totaled $8.4 billion
  • Connecticut would lose $5.6 billion in economic activity and about 24,119 jobs if all unauthorized immigrants were removed.

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Follow These 10 Steps to Starting a Business

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Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training

Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location

Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business

Find government-backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business

Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name (“Doing Business As”)

Register your business name with your state government.

Step 7: Get a Tax Identification Number

Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes

Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits

Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities

Learn the legal steps you need to take to hire employees.

Startup Resources

There are a number of available programs to assist startups, micro businesses, and underserved or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.

Environmentally-Friendly “Green” Business

Home-Based Business

Online Business

Self Employment

Minority Owned Business

Veteran Owned Business

Woman Owned Business

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Immigrants’ Role in the Small Business Economy Grows

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The share of U.S. small businesses owned by immigrants has expanded by 50 percent since 1990, with almost one-fifth of business owners born outside the country, according to a new report (PDF) by the Fiscal Policy Institute.

The number of foreign-born business owners has increased in tandem with the immigrant workforce. Immigrants made up about 9 percent of workers in 1990 and 12 percent of business owners with fewer than 100 employees, according to the report, which analyzed U.S. Census data. In 2010, the foreign-born share of the workforce had grown to 16 percent, and immigrants made up 18 percent of small business owners.

“It’s gone from a modest size of business owners to a pretty substantial size of business owners,” says David DyssegaardKallick, a fellow at the institute who authored the report.

The conversation around immigrants’ role in the economy is often dominated by two oversimplified ideas, he says. Immigrants are either seen as strictly in competition with native-born workers for jobs, or immigration is seen as magic bullet to revive stagnant economies. While the impact of immigrants on job growth can be overstated, he says, “people sometimes don’t realize that when immigrants come into the economy, the economy also grows.”

Immigrants from the Mediterranean and Middle East had the greatest rate of business ownership. At least 10 percent of workers from Greece, Israel, Syria, Iran, Lebanon, Jordan, and Italy were business owners, according to the report. The most common types of businesses were service enterprises, such as restaurants, doctors’ offices, real estate companies, and retail stores.

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