Immigrants Create a Disproportionate Share of New Businesses

Where do entrepreneurs come from? Credit: Migreat

It turns out that immigrants are far more likely to start new businesses and those businesses are more likely to be successful. Most immigrant entrepreneurs come from:

  • Mexico
  • India
  • China
  • Korea
  • Cuba

Additionally, immigrant entrepreneurs account for 30% of growth in small businesses in spite of the fact that they account for 13% of the population.

With immigration in the news as of late and in light of this information, it’s apparent that placing significant restrictions on immigration is not an economic issue but rather a cultural one.

Immigrants aren’t taking your jobs, they’re making their own

Over the last two decades, immigrant owned businesses have made up 30 percent of the growth in the small business economy, a significant chunk given that immigrants only account for 13 percent of the US population. Their businesses also performed better than your average American. Employees within these small companies earned over $55,000 a year over the median earned income of $41,000 a year, according to the Fiscal Policy Institute’s report.