04 May Immigrants and Their Billion Dollar Startups
A new paper by the National Foundation for American Policy, a non-profit, non-partisan research organization says immigrants play a key role in creating new, fast-growing companies.
Immigrants have started more than half (44 of 87) of America’s startup companies valued at a billion dollars or more and are key members of management or product development teams in over 70% (62 of 87) of these companies.
The research finds that among the billion dollar startup companies, immigrant founders have created an average of approximately 760 jobs per company in the U.S. The collective value of the 44 immigrant-founded companies is $168 billion, which is close to half the value of the stock markets of Russia or Mexico.
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