Immigration & Michigan’s Future
Dow Chemical, Meijer and Masco are three of Michigan’s largest and best-known companies. Did you know they were all started by immigrants?
According to a Global Detroit study, southeastern Michigan’s foreign born residents provide enormous contributions to the region’s economic growth and will play a key role in our economic future. Immigrants in southeastern Michigan are 150% as likely to have a four-year college degree than the non-immigrant population.
25% of all public, venture-backed firms launched in the U.S. from 1990 to 2005 were started by immigrants.
In Michigan, foreign-born residents were more than three times as likely as non-immigrants to start a new business between 1996 and 2007.
Chrysan Industries of Plymouth is an example of a company founded by immigrants. It’s a successful worldwide distributor of everything from engine oil to transmission fluid to brake fluid.
The Asian Pacific Chamber of Commerce is putting together a welcoming packet to attract overseas investment in Michigan.