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.
DREAMing of Economic Growth
Center for American Progress October 12, 2012 During an election year dominated by concerns about our economy, policymakers and voters easily draw connections between domestic issues, such as education, Medicare, or tax policies, and the health of our economy. But so far public discourse hasn’t connected the dots between… Read More
Is Unwelcoming Immigration Law Choking The US Economy?
Mindful Money October 4, 2012 The US may have to make dramatic changes to its unwelcoming immigration system if the country is to hold onto its strong entrepreneurial culture. Research by the Kauffman Foundation argues that the country’s “unwelcoming” immigration system has led to a “reverse brain drain” that… Read More
Immigrant Entrepreneurship Has Stagnated For First Time In Decades, Says New Study
Forbes October 2, 2012 Immigrant entrepreneurs have always had a significant impact on U.S. culture and economy, and that continues to be true today. Immigrants started 28% of all new U.S. businesses in 2011, despite accounting for just 12.9% of the U.S. population, according to “Open For Business: How… Read More
New Report Shows Economic Benefits of Passing the DREAM Act
The Center for American Progress and the Partnership for a New American Economy have released a new study entitled, “The Economic Benefits of Passing the DREAM Act,” which finds that the passage of the DREAM Act would add $329 billion to the U.S. economy and create 1.4 million new jobs… Read More
Dream Act Would Bring In $15.9B To New York, Center For American Progress Claims
New York Business Journal October 2, 2012 New York is one of 12 states that would feel the greatest economic impact as a result of the Dream Act passing, according to a report released Monday by the Center for American Progress and Mayor Michael Bloomberg’s coalition, the Partnership for… Read More
Let’s Embrace Foreign Job Creators Before It’s Too Late
Huffington Post October 2, 2012 Throughout American history, immigrants have been a vital source of economic growth, contributing ideas, innovation, wealth and a steady supply of vibrancy. This has helped position the United States as a central node in the global system of what my Kauffman colleague Ben Wildavsky… Read More
Economic Suicide: Chasing Away The Job-Creating Immigrant Entrepreneurs
Forbes October 2, 2012 At the immigration law firm where I worked during graduate school, I saw case after case of extremely talented individuals who, despite their many contributions to the U.S., faced the threat of returning home because of their immigration status. One such case involved the immigration… Read More
America To Immigrants: ‘Give Me Your Tired, Your Poor’ But Keep Your Entrepreneurs
Washington Post October 2, 2012 Hardik Desai conceived a startup while he was studying for an MBA at the Fisher College of Business at Ohio State University (OSU) in 2008. Based on research that the university was conducting, Desai came up with a new way to diagnose a group… Read More
Issue Brief: Immigration
CBS News October 1, 2012 THE ELECTORAL ISSUE: America’s immigration policy does not attract and retain high-skilled immigrants and it does not address the fate of the estimated 11.5 million undocumented immigrants living here. THE CHALLENGE: How to secure the border, manage undocumented immigrants and admit immigrant workers of… Read More
DREAM Act Supporters Discuss Study On Economic Impact
NY1 October 1, 2012 A national report by the Center for American Progress & the Partnership for a New American Economy shows the nation’s fiscal health would improve, if more than 2.1 million eligible undocumented youth or DREAMers are granted legal status by passing the Dream Act. Click… Read More
America's story is an immigrant story.
