America is world-renowned for its entrepreneurial business spirit, and this spirit is fueled in large part by immigrants. In every economic census since 1880, immigrants are more likely to be self-employed than the native-born population. While some of these immigrant entrepreneurs were highly educated, many were not. In fact, the only characteristics they share are the courage to leave their home countries and the drive and determination to start a new life in the United States.
Immigrant Entrepreneurs in the News
I recently conducted a study of 91 U.S. “unicorns”—startups with a market value of $1 billion or more. All are privately held and have received venture-capital financing. More than half of those companies, I found, were started by immigrants.
Nearly 20 percent of the Forbes 30 Under 30 Class of 2019 are immigrants. Their success comes not from shelving their foreign origins, but from embracing them to define their American identities and accomplishments.
The U.S. economy relies on startups for much of America’s net job creation, and immigrants start many of those companies. A recent study from the National Foundation for American Policy finds that 55%, or 50 of 91, of the country’s $1 billion startup companies had at least one immigrant founder.
Immigrant Entrepreneur Awards
The ILC Immigrant Entrepreneur Awards Dinner
To call attention to the critical contributions of immigrant entrepreneurs in Massachusetts, The Immigrant Learning Center hosts The ILC Immigrant Entrepreneur Awards Dinner each spring.
Winners and nominees are honored in four categories representing the breadth of their contributions: Business Growth, Neighborhood Business, High-Tech Business and Life Science Business.
The 2018 ILC Immigrant Entrepreneur Awards Dinner was held on May 3, 2018. Learn more…
Other Entrepreneur Award Programs
It’s not just Massachusetts. Immigrant entrepreneurs are making a big splash around the world, but there are still very few opportunities to celebrate them.
- Immigrant Entrepreneurs Summit, Ankeny, IA
- Immigrant Journey Awards Program, Dallas, TX
- BCNA Immigrant Heritage Week Awards, New York, NY
- Immigrant Entrepreneur Celebration, Pittsburgh, PA
- New Jersey Immigrant Entrepreneur Awards, Princeton, NJ
- Immigrant Entrepreneur Awards, Ottowa, Canada
- Best Immigrant Entrepreneur Award, British Columbia, Canada
- Global Advantage Business Awards, Guelph/Wellington, Canada
- Leeds Grenville Immigrant Entrepreneur Award, Leeds Grenville, Canada
- Smiths Falls Immigrant Entrepreneur Award, Smiths Falls, Canada
- The MoneyGram Award, Italy
Immigrant Entrepreneur Interviews
Immigrant entrepreneurs bring with them a determination and creativity that reinvigorate declining communities, create jobs for Americans and keep the U.S. on the cutting edge of innovation. While much is heard of immigrant businesses, The ILC Public Education Institute gives voice to the entrepreneurs and innovators who help to strengthen America’s economy like immigrants before them.
Research on Immigrant Entrepreneurs
Research on immigrant entrepreneurs consistently shows tremendous economic benefits across the country and across the economic spectrum. Here is a sample of some of the most recent and compelling studies.
National Foundation for American Policy, October 2018
This research found that immigrants have started more 55 percent of America’s startup companies valued at $1 billion or more and are key members of management or product development teams in more than 80 percent of these companies.
National Immigration Forum, July 2018
This fact sheet is the fourth of a seven-part series examining the various roles immigrants play in our economy. It highlights research illuminating the role of immigrant entrepreneurs in starting businesses, creating jobs and revitalizing communities.
Center for American Entrepreneurship, December 2017
The Center for American Entrepreneurship has analyzed the 2017 Fortune 500 list and found 43 percent were founded by an immigrant or the child of an immigrant. Further, they discovered that first- or second-generation immigrant founders accounted for 52 percent of the top 25 firms and 57 percent of the top 35 firms.
New American Economy, August 2017
In 2015, there were 2.1 million immigrant entrepreneurs with less than a bachelor’s degree. Their rate of entrepreneurship is actually higher than immigrants with college degrees; 12% of immigrants without college degrees, 10.6% of immigrants with college degrees, 8.9% of U.S.-born are self-employed.
New American Economy, June 2017
Refugees contribute meaningfully to our economy as earners and taxpayers, and have an entrepreneurship rate (13 percent of refugees) that outshines even that of other immigrants (11.5 percent of non-refugee immigrants. Refugees show a particular willingness to make long-term investments in the United States. They found companies, earn citizenship, and buy homes at notably high rates.
Ewing Marion Kauffman Foundation, May 2017
Immigrants are almost twice as likely as the native-born to become entrepreneurs, with the Rate of New Entrepreneurs being 0.52 percent for immigrants, compared to 0.26 percent for the native-born. The percentage of immigrant entrepreneurs in the United States is on a two-decade high, accounting for almost 30 percent of all new entrepreneurs in the United States, up from 13.3 percent in 1996.
Harvard Business Review, October 2016
This study takes a comprehensive view of U.S. immigrant entrepreneurship data from 1995 to 2008 and analyzes a spectrum of companies from “Main Street” businesses to VC-backed Silicon Valley firms.
Kaufman Foundation, October 2016
The Kauffman Foundation has long championed immigrant entrepreneurs and their positive impact on the American economy. This compilation highlights a range of Kauffman resources that discuss the contributions of immigrant entrepreneurs and the policy ideas that could further those contributions.
U.S. Small Business Administration, October 2016
Over the last 20 years, the role of immigrant entrepreneurs has grown.This report shows that the growth was caused by three changes: an increase in the size of the population born abroad, an increase in self-employment among those born abroad, and a decrease in self-employment overall.
Harvard Business School, June 2016
This study comparing immigrant-founded businesses to native-founded ones showed that immigrant-founded companies perform better in terms of employment growth over three- and six-year time horizons. The authors of the study, William R. Kerr and Sari Pekkala Kerr, conclude that immigrant-led companies grow at a faster rate and are more likely to survive long term than native-led companies are.
National Foundation for American Policy, March 2016
Immigrants play a key role in creating new, fast-growing companies, as evidenced by the prevalence of foreign-born founders and key personnel in the nation’s leading privately-held companies. This research finds that immigrants have started more than half (44 of 87) of America’s startup companies valued at $1 billion dollars or more and are key members of management or product development teams in over 70 percent (62 of 87) of these companies.
American Immigration Council, February 2016
The efforts of three geographically diverse cities that have created more welcoming environments for immigrants and implemented initiatives that promote immigrant entrepreneurship and innovation in their communities, are detailed in this report.
Resources for Immigrant Entrepreneurs
The Immigrant Learning Center Entrepreneur Class helps students practice dialogue and improve English grammar while learning to write a business plan and the basics of starting a business.
Global EIR partners with universities to connect entrepreneurs with visas and allow them to grow their companies locally through a service commitment to the local community.
This program from Interise provides small business owners with the business knowledge, management know-how, and the networks needed to grow established small businesses.
Offers training and support for starting and growing businesses in Massachusetts, Rhode Island, New Hampshire and Vermont.
The New York City Department of Small Business Services offers business courses and resources to address specific needs of entrepreneurs in immigrant communities.
Resources About Immigrant Entrepreneurs
A guide to help communities harness the potential of immigrant entrepreneurs to spur economic growth and job creation
Podcast broadcast every other Thursday with interviews of and about immigrant entrepreneurs
Podcast and newsletter featuring stories of successful immigrant entrepreneurs
A newsletter from Nina Roberts about and for immigrant entrepreneurs including stories, tips and information
Videos and profiles of women immigrants who have found economic opportunity through business ownership
Website that explores the entrepreneurial and economic capacity of immigrants by investigating the German-American example in the United States