Immigrants and their businesses in U.S. inner cities often spark growth in jobs and household incomes, according to a study released Nov. 15.
For decades, policymakers have debated the best ways to boost poor inner-city economies. Immigrants and rundown urban neighborhoods are seen by some as a drain on the U.S. economy, according to Harvard Business School professor Michael Porter.But in his study, Porter found that the 5.5 million immigrants who live in inner cities are key catalysts to economic growth and urban investment.