The Power of Immigrant Entrepreneurs: Driving the U.S. Economy Forwad
By: Norka M. Schell, Esq.
Immigrant entrepreneurs are a driving force behind the U.S. economy, contributing significantly to job creation, innovation, and revenue growth. With their diverse backgrounds, skills, and experiences, they bring unique perspectives and ideas that fuel business success.
Economic Impact
- 46.2% of Fortune 500 companies (231) were founded by immigrants or their children, generating $8.6 trillion in revenue (2024).
- These companies employ 15.5 million people, demonstrating the significant job creation potential of immigrant entrepreneurs.
- Immigrants are more likely to start businesses than native-born citizens (21.7% vs 13.6% in 2019).
- Immigrant-owned businesses generated $65.5 billion in income (2015) and $110 billion in revenue (2022).
Sectors
- Construction (25% of workers are immigrants)
- Restaurants & Hospitality
- Healthcare & Tech
Why Do Immigrant Entrepreneurs Succeed?
- Diverse perspectives and experiences
- Strong work ethic and resilience
- Innovative ideas and problem-solving skills
- Global networks and connections
Supportimg Immigrant Entrepreneurs
The U.S. government has implemented initiatives to support immigrant entrepreneurs, such as the Gold Card program and H-1B visa changes. These programs aim to attract high-net-worth individuals and investors, promoting economic growth and innovation.
*Conclusion*
Immigrant entrepreneurs are a vital part of the U.S. economy, driving growth, innovation, and job creation. By supporting and celebrating their contributions, we can foster a more inclusive and prosperous society.
*Need Help Navigating U.S. Immigration Laws?*
The Law Offices of Norka M. Schell LLC focus in immigration and family law, offering a dual-lens perspective blending U.S. and Brazilian law. Services include:
- Business & Investment Visas (L-1, E-2, EB-5)
- Family Law & Divorce (NYC, Queens, Westchester)
- International Child Abduction & The Hague Convention
Contact us today! 📞 212-258-0713 | https://www.thelawschell.com
