By Paul McDaniel in Immigration Impact
June is Immigrant Heritage Month in the United States, a celebration of our shared heritage as a nation of immigrants and a time to reflect on how immigrants boost our economy. While immigrants make up around 13 percent of the U.S. population, they play an outsize role in entrepreneurship and business formation relative to their overall numbers according to annual startup index data, which the Kansas City-based Kauffman Foundation recently released.
The new report shows that immigrants continue to be almost twice as likely as the native-born to become entrepreneurs. Immigrant entrepreneurs also launched 28.5 percent of new businesses in 2014, helping to fuel an uptick in new business creation nationally. That statistic is up from 25.9 percent in 2013 and 13.3 percent in 1996.