Entrepreneurship
Are immigrants more likely to start businesses?
Yes. Immigrants are more likely to become entrepreneurs than U.S.-born Americans. Immigrants play an outsized role in business creation and are a crucial part of the U.S. economy.Today, immigrants make up 23.6% of all entrepreneurs nationwide, even though they account for just 14.3% of the U.S. population.
Immigrant entrepreneurs start businesses ranging from neighborhood small shops to some of the largest and most successful companies in the country, including a significant portion of Fortune 500 businesses. They create jobs, generate income, and contribute to economic growth in communities across the United States.
What kind of businesses do immigrants start?
Immigrants start businesses across virtually every sector of the U.S. economy. They are particularly prominent in industries including accommodations and food services, construction, professional services, transportation, retail, and healthcare.For example, immigrants make up one-third of entrepreneurs in the accommodations and food services industry, as well as 26.6% of entrepreneurs in construction.
Immigrant entrepreneurs also start and build companies that grow far beyond the small-business stage. Some of America’s best-known corporations — such as Amazon, Apple, NVIDIA, and Levi Strauss & Co. — were founded by immigrants or their children.
How many people do immigrant-owned businesses employ?
Immigrant-owned businesses provide millions of jobs for American workers. The latest data shows the significant role immigrant-owned and immigrant-founded businesses play in job creation.The impact is especially visible among the country’s biggest and most valuable companies. In the 2025 Fortune 500, a total of 231 companies — nearly half of all Fortune 500 companies — were founded by immigrants or children of immigrants.
These companies include businesses founded directly by immigrants as well as companies founded by the children of immigrants. Of the 231 New American Fortune 500 companies in 2025, 109 were founded by immigrants and 122 were founded by children of immigrants.
Do immigrants create jobs?
Yes. Immigrant entrepreneurs are job creators. New businesses are a major source of job growth in the United States, and immigrants play a particularly important role in business creation.Our research shows that immigrant-founded businesses often grow into major employers and economic engines. Nearly half of the Fortune 500 companies were founded by immigrants or their children. Collectively, these companies employed more than 15.4 million people worldwide and generated $8.6 trillion in revenue in fiscal year 2024.
Immigrant entrepreneurship benefits more than the entrepreneurs themselves: immigrant-founded and immigrant-owned businesses create opportunities for workers, support local economies, and contribute to innovation and economic growth. They have been especially helpful as baby boomers retire, fueling growth in sectors that would have otherwise seen major declines.
How do immigrants contribute to America’s biggest companies?
Immigrants and their children have founded some of America's most influential companies — and their presence among the nation's largest businesses continues to grow.In 2025, 46.2% of Fortune 500 companies were founded by immigrants or their children, the highest share recorded by the Council since we began tracking immigrant-founded Fortune 500 companies in 2011.
Among the 14 companies appearing on the Fortune 500 for the first time in 2025, a total of 10 were founded by immigrants or their children. This included companies rising in the ranks of the Fortune 500, like Ace Hardware and Sirius XM Holdings.
Immigrant-founded and immigrant-descended companies are particularly prominent in major industries. They account for 80% of Fortune 500 companies in professional and other services, 65.6% in manufacturing, and 57.5% in information.
Why are immigrants more likely to become entrepreneurs?
There’s no single reason immigrants have higher rates of entrepreneurship. Starting a business can provide immigrants with an opportunity to use their skills in their new home, pursue economic mobility for themselves and their families, and serve needs in their communities.Immigrants also bring skills, knowledge, experiences, and connections from around the world. Their businesses range from local ventures to companies that operate on a global scale.
It’s worth noting, however, that the United States doesn’t have a dedicated visa specifically for immigrant entrepreneurs, despite relying heavily on their contributions. This gap can make it difficult for promising foreign entrepreneurs to establish and grow businesses in the United States — even when they have the resources and ideas to do so. Coupled with increasingly restrictive U.S. immigration policies, it has become even more difficult to drive international talent to this country.
Supporting immigrant entrepreneurs — and creating streamlined pathways that allow talented entrepreneurs to build and grow businesses in the United States — can help strengthen the U.S. economy, provide jobs to Americans, and build up local communities.
Diversity extends to business as immigrants open up shop
“People complain about this country, but there are so many (business) opportunities here you don’t even have time to get to them all.” So says Jose Brito, a native of the Dominican Republic who came to the United States 20 years ago. The 40-year-old is the founder and CEO of… Read More
Bipartisan I-Squared Act Introduced to Reform Business Immigration System
On January 13, 2015, Senators Hatch (R-Utah), Klobuchar (D-Minn.), Rubio (R-Fla.), Coons (D-Del.), Flake (R-Ariz.), and Blumenthal (D-Conn.) introduced the Immigration Innovation (“I-Squared”) Act of 2015, a major immigration reform bill addressing the high-skilled and science, technology, engineering, and math (STEM) immigration programs. Similar to… Read More
Obama, Immigration and Silicon Valley
The U.S. technology industry might finally get the immigration reform that it wants. Bipartisan Senate groups introduced two tech-focused bills this month. The Immigration Innovation Act – which increases the cap on H-1B Visas from 65,000 to 115,000, eliminates per-country limits on visa petitioners and lets spouses of H-1B visa… Read More
Statement on Senators Jerry Moran and Mark Warner’s Startup Act to Encourage Business Creation and Growth
CONTACT Ryan Williams, New American Economy, rwilliams@fp1strategies.com Following the re-introduction of Senators Jerry Moran (R-KS) and Mark Warner’s (D-VA) bill to attract and retain more foreign-born entrepreneurs and STEM graduates, New American Economy Chairman John Feinblatt issued the following statement: “Immigrant entrepreneurs are critical to the growth… Read More
Immigrant Founders Need Policy Reform To Keep Creating Tech Jobs
President Obama took executive action last November to further ease policies around skilled tech labor. However, our laws haven’t done much to help the foreign startup founders who create quite a few tech jobs here. A 2008 Kaufman Foundation study concluded that between 1995 and 2005, more than half of all Silicon Valley tech companies were… Read More
At last, sensible immigration reform may have a chance in Washington
Immigration reform has stalled because of ugly Republican politics and an insistence by the Democrats that it be all or nothing. This has taken a toll on the country’s economic growth and global competitiveness. Witness the rise of Chinese companies such as Alibaba and Xiaomi — which now have their… Read More
Immigrant Entrepreneurs Bring Vitality to Main Street, Help Local Economies Grow
Midtown Global Market, in Minneapolis, Minnesota, is a place where vendors hawk fresh produce, baked goods, coffee and espressos, and arts and jewelry. And as its more than 40 different businesses represent people from five continents, the market is one example of how a city can cultivate the… Read More
The Most Entrepreneurial Group in America Wasn’t Born in America
Derek Cha arrived in America as a 12-year-old with his parents and three siblings. They came for familiar reasons: “In 1977, South Korea was a poor country,” Cha says. “My parents were looking for better opportunities and education for us.” After the family settled in California, his mother worked as… Read More
It took me 2 years to get a 5 month visa
Yesterday, I received what I thought was a good news: “your visa application has been approved”! The side note was: it’s valid until may 2015. I started applying for a working visa exactly 2 years ago, to be able to drive an grow Sketchfab in the US. Their are several… Read More
Reddit cofounder: The next Google is one visa away from leaving U.S.
Antiquated visa policies could be the downfall of the U.S. tech boom. That’s the warning that Reddit founder Alexis Ohanian is sounding. “Although America leads the world right now, we’ve led the world in plenty of other industries before and seen that evaporate,” said Ohanian, who recently… Read More
America's story is an immigrant story.
