Report: More immigrant-owned businesses being founded

New Mexico Business Weekly
August 15, 2012

Companies owned by immigrants employ one of every 10 people working in private companies, according to a report from the Partnership for a New American Economy.

Immigrants were responsible for 28 percent of new businesses in the U.S. in 2011, the report found. Immigrant-owned startups generated more than $775 billion in revenue.

Since 1996, immigrant-owned businesses have increased by more than 50 percent. In contrast, startup businesses by native-born Americans have declined by about 10 percent since 1996.

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New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…