Boost the Economy through Immigration
2
July26,2011 BoostU.S.JobCreationandGrowtheEconomywith Employment-basedImmigrationReform BusinessLeadersApp laudSenatorsSch umerandCornynforFocu singontheJob-crea tingandEconomi c BenefitsofHigh-SkilledGreenCardandVisaReform BusinessRoundtableCEOs,wholeadcompaniesthate mploymoret han13millionpeople ,todayapplau ded ChairmanCharlesSchume r(D-NY),Rank ingMembe rJohnCornyn (R-TX)andallme mbersofthe Senate JudiciaryCommittee’sSubcommittee onImmigrat ion,Refugees andBorderSe curityformakingthejob- creatingande conomiccas eforhigh-skilledimm igrationreformat today’shearing :“TheEconomicImperative forEnactingImmigrationReform.” The“econo micimperative ”forreformingthe greencarda ndvisasystemsU.S.employ ersusetohire highly educated,fo reign-bornprofes sionalscouldnotbe clearer: • 40percentof2010Fortune500companies werefounde dbyimmigran tsorthechildren of immigrants,e mployingmore than10millionpeop le.( PartnershipforaNewAmericanEconomy,2011 ) • MorethanaquarterofU.S.techno logyandengineer ingbusinesses launchedbetween1995and2005 hadaforeign-bornfounder.( TheBrookingsInstitution,2011 ) • Fortechnology firmswithfewe rthan5,000employ ees,each H-1Bposition(temporaryvisasre served forhigh-skilledwork ers)wasassoc iatedwithan increaseofemploymentof7.5workers .( National FoundationforAmericanPolicy,2008 ) • In2005,compan iesfoundedby immigrantspro duced $52billioninsalesandemployed450,000 workers.(TheBrookingsInstitution,2011 ) ToHelpSpurU.S.JobCreation,Reformthe Employment-basedGreenCardandVisaSystemsThisYear! LearnmoreaboutBRT ’sEducation,Wo rkforceandInnovationInitiative. BusinessRoundtab le(BRT)is anassociationof chiefexecu tiveoffice rsofleading U.S.companieswithnearly$6 trilli oninannual revenuesandmore than13mill ionemployees .BRTmembercompani escomprisene arlyathirdo fthetotalval ueoftheU.S .stock marketandinves tmorethan$114 billionannual lyinrese archanddevelopment–nearlyhal fofallpr ivateU.S.R&Dspending.Our companiespaymorethan $179bill ionindivi dendstosharehol ders. BRTcompaniesgive nearly$9 billionaye arincombined charitablecont ributions. 1717RHODEISLANDAVENUE,NWSUITE800WASHINGTON,DC20036202-872-1260WWW.BRT.ORG
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Transcript of Boost the Economy through Immigration
8/6/2019 Boost the Economy through Immigration
http://slidepdf.com/reader/full/boost-the-economy-through-immigration 1/1
July26,2011
BoostU.S.JobCreationandGrowtheEconomywith
Employment-basedImmigrationReform
BusinessLeadersApplaudSenatorsSchumerandCornynforFocusingontheJob-creatingandEconomic
BenefitsofHigh-SkilledGreenCardandVisaReform
BusinessRoundtableCEOs,wholeadcompaniesthatemploymorethan13millionpeople,todayapplauded
ChairmanCharlesSchumer(D-NY),RankingMemberJohnCornyn(R-TX)andallmembersoftheSenate
JudiciaryCommittee’sSubcommitteeonImmigration,RefugeesandBorderSecurityformakingthejob-
creatingandeconomiccaseforhigh-skilledimmigrationreformattoday’shearing:“TheEconomicImperative
forEnactingImmigrationReform.”
The“economicimperative”forreformingthegreencardandvisasystemsU.S.employersusetohirehighly
educated,foreign-bornprofessionalscouldnotbeclearer:
• 40percentof2010Fortune500companieswerefoundedbyimmigrantsorthechildrenof
immigrants,employingmorethan10millionpeople.(PartnershipforaNewAmericanEconomy,2011)
• MorethanaquarterofU.S.technologyandengineeringbusinesseslaunchedbetween1995and2005
hadaforeign-bornfounder.(TheBrookingsInstitution,2011) • Fortechnologyfirmswithfewerthan5,000employees,eachH-1Bposition(temporaryvisasreserved
forhigh-skilledworkers)wasassociatedwithanincreaseofemploymentof7.5workers.( National
FoundationforAmericanPolicy,2008 )
• In2005,companiesfoundedbyimmigrantsproduced$52billioninsalesandemployed450,000
workers.(TheBrookingsInstitution,2011)
ToHelpSpurU.S.JobCreation,Reformthe
Employment-basedGreenCardandVisaSystemsThisYear!
LearnmoreaboutBRT’sEducation,WorkforceandInnovationInitiative.
BusinessRoundtable(BRT)isanassociationofchiefexecutiveofficersofleadingU.S.companieswithnearly$6trillioninannual
revenuesandmorethan13millionemployees.BRTmembercompaniescomprisenearlyathirdofthetotalvalueoftheU.S.stock
marketandinvestmorethan$114billionannuallyinresearchanddevelopment–nearlyhalfofallprivateU.S.R&Dspending.Our
companiespaymorethan$179billionindividendstoshareholders.
BRTcompaniesgivenearly$9billionayearincombinedcharitablecontributions.
1717RHODEISLANDAVENUE,NWSUITE800WASHINGTON,DC20036202-872-1260WWW.BRT.ORG
