Immigrants comprise just 13% of the U.S. population, yet they found 27.5% of America's new businesses. Immigrants' founding 27.5% of America's new businesses, despite comprising just 13% of the U.S. population, drives innovation and economic activity.
Despite their smaller numbers, immigrants are nearly twice as likely to launch successful businesses compared to native-born citizens. Immigrants are nearly twice as likely to launch successful businesses compared to native-born citizens, revealing a potent entrepreneurial advantage within immigrant communities, challenging common perceptions.
The U.S. economy depends on immigrant entrepreneurship for innovation and dynamism. Policies that attract and support these founders are crucial for future prosperity.
What We Know About Immigrant Founders
- Immigrants are almost twice as likely to become entrepreneurs as native-born citizens, according to Thunderbird.
- As of 2016, 40% of Fortune 500 firms had at least one founder who either immigrated to the United States or was the child of immigrants, according to Thunderbird.
- 40% of immigrant entrepreneurs in America are women, according to Thunderbird.
- Augusto Veitia, an alumnus of Thunderbird School of Global Management, founded and led INTL FCStone (now StoneX), which grew into a Fortune 100 global financial services firm operating in over 110 countries, according to ASU News.
- Veitia attributed his firm's success to the international perspective gained during his studies, according to ASU News.
- He actively recruited Thunderbird graduates for their international outlook, adaptability, and multicultural fluency, according to ASU News.
The Global Edge: Traits and Impact of Visionary Immigrant Founders
Augusto Veitia's journey with INTL FCStone (now StoneX) is an example of immigrant entrepreneurial impact. His firm grew into a Fortune 100 global financial services company, operating in over 110 countries. Veitia attributed this global reach to his international perspective, according to ASU News.
