Oct 11 2012

How Immigrant Business Owners Make It in America [Infographic]

Foreign-born entrepreneurs are spurring significant growth in the U.S. economy

In this nation of immigrants, newcomers have historically played an important role in our country’s growth. But the stories of immigrants arriving in America and building thriving businesses aren’t just a thing of the past.

According to Intuit , foreign-born entrepreneurs start 20 percent of American small businesses today. Roughly 1 in 10 of these small business owners are Mexican-born.

What sets foreign-born entrepreneurs apart? Not only do they typically open their businesses with higher levels of startup capital, but they are also more likely to hire.

Foreign-born business owners have found success in service industries. The restaurant and food services industry has the greatest number of immigrant-owned businesses, at 76,915.

California, New York and New Jersey are the states with the greatest share of foreign-born business owners. In fact, one-third of all business owners in California are foreign-born.

For more statistics on this ambitious group, check out the infographic from Intuit below.

Making It in America infographic