Immigrants Create Jobs

by

Immigrants Create Jobs

by SCwpadmin

by SCwpadmin

A number of studies show that overall immigrants greatly benefit the U.S. economy by starting businesses and creating jobs. Some key findings:

  • Immigrants are entrepreneurial, being 30% more likely to start businesses than non-immigrants
  • Although immigrants comprise 13% of the overall population, they own 18% of all small businesses
  • 28% of new businesses started in 2011 were started by immigrants
  • 18% of the Fortune 500 companies were founded by immigrants; another 22% were founded by children of immigrants
  • Businesses owned by immigrants employed almost 5 million people and contributed over $776 billion to the economy in 2007
  • Public companies started by immigrants include Google, Yahoo, eBay, Intel, Carnival Cruise Lines, DuPont, Nvidia, Pfizer, Proctor & Gamble and US Steel

Sources: Fiscal Policy Institute, Small Business Administration, SmartMoney, Forbes, Washington Post, CNN Money

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