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immigrants and entrepreneurs - more immigrants needed!

immigrants and entrepreneurs - more immigrants needed!

Old Jan 14th 2015, 3:14 pm
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Default immigrants and entrepreneurs - more immigrants needed!

This article caught my eye this morning.

"http://www.inc.com/magazine/201502/a...ml?cid=sf01002
Risky? Yes. But increasingly, it is immigrant entrepreneurs like Cha who are most willing to take the risk of starting a business--and without the growth of immigrant-owned businesses like Cha's, the recession would have been much worse. From 1996 to 2011, the business startup rate of immigrants increased by more than 50 percent, while the native-born startup rate declined by 10 percent, to a 30-year low. Immigrants today are more than twice as likely to start a business as native-born citizens.

Despite accounting for only about 13 percent of the population, immigrants now start more than a quarter of new businesses in this country. Fast-growing ones, too--more than 20 percent of the 2014 Inc. 500 CEOs are immigrants. Immigrant-owned businesses pay an estimated $126 billion in wages per year, employing 1 in 10 Americans who work for private companies. In 2010, immigrant-owned businesses generated more than $775 bil
lion in sales. If immigrant America were a stock, you'd be an idiot not to buy it."

also goes on to say that changes in visa restrictions/categories are needed to keep this trend going. Very interesting.
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