Dear
TWIG Readers,
Germany's
influx of refugees has many people wondering about the country's future. A new
study shows that 44 percent of new businesses founded last year in Germany were
launched by persons of non-German descent, which demonstrates the potential
impact that Germany's migrant community can have on the economy.
The
study, which was commissioned
by
the Economic Affairs Ministry, found that the number of business owners with
foreign roots rose by 30 percent between 2005 and 2015 (in comparison: the
number of business owners with German heritage declined only slightly, by 3
percent).
Business
owners with an immigrant background most often opened businesses in
construction, science and technology. Between 2003 and 2015, the portion of new
businesses founded by immigrants rose from 13 percent to 44 percent. The
Bertelsmann Stiftung previously called Germany's employers with immigrant
backgrounds the "job-engine of Germany", creating 1.3 million new
jobs in 2014.
"People
with a migrant background in Germany do not take away jobs from anyone - quite
the opposite," Aart de Geus, chairman of the Bertelsmann Foundation, told
Deutsche Welle. "People with a migrant background are not only working as
self-employed persons, but they also create jobs and allow many people the
chance to participate in the job market."
What
makes these figures even more impressive is that Germany's immigrant community
only increased by 9 percent between 2005 and 2015 - and it still managed to
open so many new businesses.
Germany
is still addressing questions related to integration of newcomers, but this
data is particularly promising for those concerned about the job market.
Nicole
Glass
Editor,
The Week in Germany
Webteam, Germany.info
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