IMMIGRANTS FOUNDED 28% OF NEW BUSINESSES IN 2011

A new report issued this week by the Partnership for a New America Economy states that immigrants started 28 percent of all new businesses in the U.S. in 2011, which is a very impressive number considering immigrants are less than 13% of the U.S. population, so immigrants are twice as likely to be entrepreneurs than American born.
The report is based on the Census Bureau data. Business start-up rate among immigrants has jumped 50 percent since 1996 while the start-up rate for native-born Americans, declined by 10 percent during the same period.
The report recommends that if we want the U.S. economy to recoup, pass immigration reform so that more immigrants can start new businesses. This is what we have been telling everyone for years.
The report was authored by Robert Fairlie, an economics professor at the University of California, Santa Cruz. It found that immigrant-founded businesses tended to be smaller than other businesses, but collectively they post more than $775 billion in revenue and employ one out of every 10 workers at privately owned companies.
I agree. Immigration reform is sorely needed and we need an immediate fix to the legal immigration crisis we are facing, shortage of H-1B and immigrant visa numbers and Congress is still doing nothing in the name of protecting the American worker. This just causes outsourcing of these jobs outside the U.S.
The report is available here: http://www.renewoureconomy.org/index.php?q=open-for-business