Download - Boost the Economy through Immigration
8/6/2019 Boost the Economy through Immigration
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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.
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