Immigrants Launch 1 in 4 New Businesses in 2014

Immigrants Launch 1 in 4 New Businesses in 2014

A new report from the Kauffman Foundation in Kansas City has shown that immigrants are twice as likely to be start a business as native-born Americans. In 2014, immigrant entrepreneurs were responsible for launching 28.5 percent of new businesses. The year before, it was 25.9 percent, and in 1996, it was 13.3 percent. So, in less than 10 years, the percentage of new businesses started by immigrants has more than doubled.

There are a couple of possible reasons for this, but the overwhelming reason may be that those who immigrate to the United States are looking for the best way to move ahead. In most cases, those who come to this country are trying to create better lives for themselves and their families. Rather than working for someone else, they take the skills they have and start their own businesses.

Another attribute is that high-skilled immigrants with advanced degrees have also opted to start their own firms, leading to more other types of businesses other than “mom and pop shops” that immigrants have been particularly known to start. This will no doubt continue to rise, and we’ll continue to see more immigrant entrepreneurs in the United States.

Speak Your Mind