Immigrant Entrepreneurship: Economic Potential and Obstacles to Success

Jun 13, 2022
  • Description

As a long-standing immigration destination, the United States has depended on the entrepreneurial contributions of immigrants as an economic driver. While much of the current immigrant entrepreneurship discussion centers on high-tech start-ups and Fortune 500 companies 1, immigrants create businesses of all sizes that help fuel American economic growth. The U.S. Census' 2007 and 2012 Survey of Business Owners (SBO) found that immigrants had formed about 25% of new businesses in the United States, with rates surpassing 40% in some states. Immigrants are also 10% more likely to own their own business than U.S. natives. Simply put, the United States' economic success story would not exist without immigrant entrepreneurs with a range of backgrounds and skill levels who were willing to launch their business ideas here. This report shows a consistent set of drivers and barriers that impact immigrant entrepreneurs in the United States, and outlines recommendations for policymakers at all levels of government to better support these entrepreneurs and enable a more robust U.S. economy.

Immigrant Entrepreneurship: Economic Potential and Obstacles to Success