The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of
Census Data Shows Economic Contributions Of Immigrants In Houston
New census data shows Houston’s immigrant community continues to grow, reaching a total 1.58 million people. That’s 23.3 percent of the Houston metro population, according to most recent numbers from 2016.
The city’s foreign-born population has grown 34.4 percent over the last decade.
And as more immigrants arrive, many are also starting up their own businesses.
“There are more than 131,000 immigrant business owners in Houston,” said Jeremy Robbins of the bipartisan group New American Economy, “That’s an enormous number.”
Robbins said immigrants often open up what he calls “main street businesses”.
“It’s businesses like the laundromats, like the restaurants, those are the businesses that keep city streets vibrant,” said Robbins.
Census data shows Houston’s immigrant population is 53 percent more likely to own their own business than the native-born population.X
Houston’s number of immigrant entrepreneurs has increased 66.4 percent from 2006 to 2016, now at 131,532 business owners.
During that same time period, the spending power of Houston’s foreign-born has increased by $16.5 billion to $38.2 billion.
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