ThomasNet.com
November 13, 2012
A recently released report from the Kauffman Foundation, found that the percentage of immigrant-founded companies nationwide dropped from 25.3 percent in 2005 to 24.3 percent last year. A closer look at Silicon Valley start-ups also revealed a more drastic decline: while 52.4 percent of tech start-ups were founded by immigrants in 2005, that number decreased to 43.9 percent in 2011…
…For decades, immigrant-founded small businesses have constituted a significant portion of revenue and played a major role in U.S. export rates. A separate report from the bipartisan Partnership for a New American Economy, a coalition of over 450 Republican, Democratic and Independent mayors who support immigration reforms to fuel job creation, underscores the nationwide economic impact of immigrant start-ups compared to native-born businesses.
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