Are immigrants more likely to be entrepreneurs than people born in the US?
By EconoFact
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YES
In America, immigrants are three times more likely to start firms than people born in the U.S., according to estimates from an article published in 2020.
Immigrants have a higher probability of starting small firms (those with 0-10 employees), medium firms (11 – 999 employees) and large firms (1000 employees or more) relative to the native-born.
Following the COVID-19 pandemic, the number of immigrants let into the US dropped sharply, leading to an estimated shortfall of about two million immigrants who would otherwise be in the country.
More than 40% of companies on the 2021 Fortune 500 list were started by immigrants or children of immigrants, including Amazon, Ford, General Electric and Pfizer.
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