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