Immigrant Entrepreneurs: Billion-Dollar Success Stories
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Case closed: American innovation benefits hugely from robust immigration.
A new nonpartisan study on entrepreneurship supports the tech industry’s stance that immigrant entrepreneurs are spurring billion-dollar growth in the tech industry. The study—from Corporation grantee the National Foundation for American Policy, a non-partisan think tank based in Arlington, Va.—shows that immigrants started more than half of the current crop of U.S.-based startups valued at $1 billion or more. These 44 companies are valued collectively at $168 billion and create an average of roughly 760 jobs per company in the U.S. The study also estimates that immigrants make up over 70% of key management or product development positions at these companies.