The U.S. was named the world’s most entrepreneurial country in 2021, thanks in no small part to the talent of foreign-born entrepreneurs. However, this title will not hold for long if current immigration policies persist.
More than half (55%) of U.S. startups worth $1 billion or more have at least one immigrant founder. Foreign-born entrepreneurs have historically played a key role in driving innovation and job growth in North America and their efforts are critical in creating a more resilient economy.
Immigrant-founded companies are key to growth
With more than 4.3 million business formation applications coming in last year — and the likelihood that number will be even higher this year — there’s hope the 40-year downturn in entrepreneurship is coming to an end. But we need foreign-born business owners to help us reverse course.
Richard Burke, Entrepreneur, January 12, 2022
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