Immigrant-owned firms employ 4.7 million people

August 28, 2012. Immigrants Twice as Likely to Start Small Businesses as Native-Born, by Noel Brinkerhoff, AllGov news blog.

The U.S. should be welcoming, and not demonizing, immigrants if it seeks job and economic growth, based on a new study about entrepreneurialism.

According to a separate report by the Fiscal Policy Institute, “firms for which half or more of the owners are immigrants employed an estimated 4.7 million people, 14 percent of all people employed by small business owners” and that 18% of small business owners are immigrants.

To Learn More:

Open for Business; How Immigrants are Driving Business Creation in the United States (by Robert W. Fairlie, Partnership for a New American Economy) (pdf)

Immigrant Small Business Owners: A Significant and Growing Part of the Economy (Fiscal Policy Institute Immigration Research Initiative) (pdf)