A look at the immigrant entrepreneurship scenario in the U.S.
The subject of immigrant entrepreneurship has gained a lot of momentum in recent times. The United States is said to be a "Nation of Immigrants.
Immigrant entrepreneurs have a drastic effect on the economy of its host country. The immigrant founders are one of the most important part for the revival of U.S. job growth and continuos recovery from the great recession. The business start-up rate of immigrants has increased by more than 50%, from 1996 to 2011.
Immigrants have started more than half of America’s start-up companies valued at $1 billion or more. Immigrants today are more than twice as likely to start a business as native-born citizen, whilst the native-born start-up rate has seen a decline from 10%, to a 30-year low. Despite accounting for only about 13% of the population, immigrants now start more than a quarter of new business in this country.
Immigrants are hence a vital part of any country’s growth and development.