June 29, 2015

New Report: Over 25% of New Businesses Started by Immigrants

According to a new report from the American Immigration Council, immigrant Entrepreneurs start over 25% of new businesses: a new report shows that immigrants continue to be almost twice as likely as the native-born to become entrepreneurs. Immigrant entrepreneurs also launched 28.5 percent of new businesses in 2014, helping to fuel an uptick in new business creation nationally. That statistic is up from 25.9 percent in 2013 and 13.3 percent in 1996.

The article further explains, “In 31 of the 50 largest U.S. metropolitan areas, immigrants accounted for all of the net growth in owners of “Main Street” businesses like those in the retail, accommodation and food services, and neighborhood services sectors according to David Kallick, Senior Fellow at the Fiscal Policy Institute.”

Read the full article here.