Updated Census Report on Immigration Shows Major Shifts by State

April 2024

The foreign-born population in the U.S. has grown considerably over the past 50 years in both the size and share of the U.S. population, the Census Bureau reported this month. Citing statistics from its American Community Survey, the number of foreign-born residents rose nearly five-fold from 1970 to reach 46.2 million in 2022, while the percentage of foreign-born tripled to 13.9%.

That increase isn’t spread equally across the country, however. Nearly a quarter of the U.S. foreign-born population in 2022 lived in just one state: California. Add three more states–Texas, Florida, and New York–and you’ve accounted for half the foreign-born nationwide. In 34 states, foreign-born comprised less than 10%–and sometimes less than 5%–of the population. That said, some of the biggest increases in foreign-born were in those states, such as the 40% rise seen in Delaware, West Virginia, and both Dakotas.

Unlike Ellis Island days 125 years ago, when we last had a surge of immigration, half of today’s foreign-born come from Latin America–increasingly from Central and South America and less from Mexico. Another 31% of the foreign-born population hails from Asia. Nearly one-third of the country’s foreign-born (but only 30% of Latin-American born individuals) entered the U.S. after 2010.

Welcome To EquiNova Capital

EquiNova Capital Partners LLC is the new company launched by Michael Collins and Walk Kurek following their years as Managing Directors of Building Industry Advisors. EquiNova invests private equity capital in middle-market companies and provides merger and acquisition advisory services. 

We Can Answer Your Most Pressing M&A Questions

  • How do the most active buyers in today’s market value my company?
  • What parts of the business should I change to improve its valuation?
  • When is the right time to sell?

These are questions that are commonly asked by the owners of building products manufacturers and distributors. Our work in selling and raising capital for companies puts us in a unique position to help answer these important questions. Regardless of when you might decide to approach the market, please contact me to have a confidential discussion about your company and ways to maximize its value for the owners. 

Michael Collins
Work 312-854-8036
Cell 312-282-5462