Business.com asked close to 500 of its community members about the pros and cons of immigration and its impact on the small business economy. Among immigrant business professionals, 73% reported feeling positive about the future of their business.
The survey also revealed a split among respondents on the impact of immigration on business as 38.7% of small business professionals said immigration was good for business, 42% said it was bad for business and 19.3% said it had no effect on their business.
However, on the challenges they have encountered, both immigrant and non-immigrant business owners were strikingly similar as both considered hiring and managing employees and establishing a customer base as their greatest challenges.
For their third biggest challenges, immigrant-owned businesses said its managing finances while non-immigrant business professionals said its navigating U.S. business laws and regulations.
A majority of both immigrant (62%) and non-immigrant (55%) business owners used personal savings to start their business and 84% of both groups noted that education was either important or very important for their industry.
The survey also found that 33% of non-immigrant respondents said they or someone they knew hired illegal immigrants to work for their businesses. Many said that they were unsure how to verify the legality of an employee.
They can learn how to verify if a worker is legally eligible to work in the United States, here.
When asked “how has immigration impacted your local community and business?” the answers ranged from positive to deeply negative and many called for immigration reform. One respondent noted that immigrant labor is very important because they get the job done, are hard-working, reliable and strong. They suggest an immigration reform ASAP.
“Our survey results underscore the continued polarizing attitude toward immigration and its impact on our economy, but also highlights the American Dream is alive and well,” said Doug Llewellyn, CEO, business.com. “I am encouraged by the findings as small business -whether immigrant-owned or not – continues to serve as the lifeblood of this country and will fuel our economy for years to come.”
Learn more about the results of this survey from this story, “Small Business Professionals Split on Immigration’s Impact.”