Since its earliest days, Massachusetts’s economy has been shaped by immigrants. The Europeans’ first act was to trade with the indigenous nations they encountered. But jump centuries forward, and we still find the Commonwealth built on the hard work, craft, and initiative of Irish, Italian, and other immigrants.
Central Americans, Caribbeans, Brazilians, Asians, and eastern Europeans continue that tradition, bringing their talent, passion, and commitment to bettering their lives. With a presence of 1 million, they have a substantial impact on Massachusetts’s economy.
Facts About Immigrant Populations:
- An MIT economist led a study finding that “per capita, immigrants are about 80 percent more likely to found a firm, compared to U.S.-born citizens. Those firms also have about 1 percent more employees than those founded by US natives, on average.”
The backbone of any economy is the creation of businesses and the employment of people. Immigrants found small, mid-sized, and large companies. They open service and hospitality businesses, but they have also created high-potential startups.
- The American Immigrant Council (2018) listed lands of origin and percentage of Mass immigrants:
- According to Wallethub, Massachusetts ranked fourth among states for the highest percentage of foreign-born STEM workers. The Commonwealth tied for first place among jobs created by international students and in positions with the highest impact per capita created by international students.
Immigration Impact OnBusiness Practice
It makes sense to respect what immigration means to the character of Massachusetts’ economy. However, that economy demands broad adherence to extensive and complex state laws. Business formation, taxation, personnel law, contracts, and more require legal advice.
Lawyers coach immigrants through business planning and development. Attorneys draw, arbitrate, and dissolve contracts,and business-related litigation reaches Massachusetts’ courts daily.
These business owners, leaders, and managers must secure the best legal help, especially when language and culture present problems. American courts serve the business community well, but the customs, formats, and protocols remain novel, confusing, and risky to those from outside the US.
Immigrants with the drive to establish, grow, and scale a business of their own should contact members of the Massachusetts Bar Association.