July 10, 2013. A news article in Entrepreneur covers the release of a new report from the White House, which cites Fiscal Policy Institute data about small business owners.
Immigrants are more likely to be entrepreneurs than U.S. natives: Immigrants and their children have founded Google, Disney, Procter & Gamble and 40 percent of America’s 500 largest companies, the report says. Immigrants, typically motivated to improve their standing in life, are more than two times as likely to start businesses than those born in the U.S., the White House report says, citing the 2012 Kauffman Index of Entrepreneurial Activity. Immigrant-owned small-businesses generated a total of $776 billion in revenue and employed approximately 4.7 million people in 2007, according to a report from the Fiscal Policy Institute, cited in the White House report.