1 out of every 5 entrepreneurs in the U.S. is an immigrant

RNG

Forum Staff
Apr 2013
41,275
29,536
La La Land North
There ya go. Them dirty, disease ridden murderers and rapists are adding at least $1 trillion in annual sales revenue. See article for further links.

Immigrants in the U.S. are twice as likely to start businesses as their native counterparts for a myriad of reasons, generating at least $1 trillion in annual sales revenue, per the New American Economy (NAE).
Driving the news: President Trump recently issued an immigration rule that targets legal immigrants "who are likely to use public benefit programs" — positioning them as a burden on taxpayers. However, studies show that immigrant-owned small businesses in the U.S. generate billions of dollars in tax revenue each year.
The big picture: No matter where they relocate, immigrants frequently have more capital to start new enterprises than native-born citizens due to personal savings and family loans, the National Bureau of Economic Research has found.
Why immigrants are more likely to start small businesses:
  • Some economic researchers suggest that cross-cultural experience helps "internationally mobile individuals to develop skills and knowledge that augment their ability to identify entrepreneurial opportunities."
  • Other studies theorize that discrimination in the labor market pushes immigrants to start their own ventures, per the Harvard Business Review.
"Outsiders face a tough struggle fitting into a new culture. They must figure out how to deal with, and overcome, frustration, loneliness and a steep learning curve.​
And that’s why immigrants make such great entrepreneurs—they’re once again outsiders facing many of the same kinds of obstacles. Been there, done that."​
— Adrian Furnham, Wall Street Journal

Immigrant-owned businesses contribute billions to U.S. economy
 

Marcus Livius

Former Staff
Sep 2017
2,570
1,281
Hell
How is an entrepreneur qualified? Are they counting the guys with rusty jalopy pickup trucks and leaf blowers entrepreneurs?