Tennessee’s immigrants have 10th smallest economic impact in US, study says
MEMPHIS, TN (WMC) - With immigration reform remaining one of the biggest policy issues in 2019 and border security taking center stage in the longest government shutdown in history, the personal-finance website WalletHub has released its report on 2019′s Economic Impact of Immigration by State as well as accompanying videos.
In order to determine which states benefit most from immigration, WalletHub compared the 50 states and the District of Columbia across 20 key metrics, ranging from median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs.
Immigrants’ Economic Impact on Tennessee (1=Biggest Impact; 25=Avg.):
42nd – % of Jobs Generated by Immigrant-Owned Businesses Out of Total Jobs
32nd – Net Difference Between State & Local Revenues and Expenditures per Immigrant
42nd – Median Household Income of Foreign-Born Population
35th – % of Foreign-Born STEM Workers Out of Total STEM Workers
27th – % of Foreign-Born Population Aged 25 & Older with a Bachelor’s Degree or Higher
33rd – % of Fortune 500 Companies Founded by Immigrants or Their Children
38th – % of Jobs Created by Presence of International Students Out of Total Jobs
43rd – Economic Contribution of International Students per Capita
To read the entire report, and see where Mid-South states ranked, click here.
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