More than half of the most successful start up companies in the country were founded by immigrants, according to a new report from the Foundation for American Policy. The report’s release reminds us that we still lack a start up visa in the US and the White House’s promised parole for entrepreneur program still has not debuted. From the NFAP:

Immigrants have started more than half (44 of 87) of America’s startup companies valued at $1 billion dollars or more and are key members of management or product development teams in over 70 percent of these companies, according to a new report released by the National Foundation for American Policy (NFAP), an Arlington, Va-based policy research group. The research finds that among the billion dollar startup companies, immigrant founders have created an average of approximately 760 jobs per company in the United States. The collective value of the 44 immigrant-founded companies is $168 billion, which is close to half the value of the stock markets of Russia or Mexico.

“Immigrants play a key role in creating new, fast-growing companies, as evidenced by the prevalence of foreign-born founders and key personnel in the nation’s leading privately-held companies,” said Stuart Anderson, the author of the study, executive director of the National Foundation for American Policy, and former head of policy and counselor to the Commissioner of the INS (August 2001 to January 2003). “The findings help illustrate the increasing importance and contributions of immigrants to the U.S. economy.”

The full report can be found here.

Greg Siskind

Greg Siskind

Greg Siskind is a partner with Siskind Susser, PC - Immigration Lawyers. After graduating from Vanderbilt University, he received his law degree at the University of Chicago. He created the first immigration law web site in 1994 and the first law blog in 1997. He's written four books and currently serves on the board of governors of the American Immigration Lawyers Association. He can be reached by email at gsiskind@visalaw.com.
Greg Siskind

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3 Responses to NFAP Report: 44 of 87 $1B+ Startups Founded by Immigrants

  1. Immigrants says:

    That’s why we need Green Cards. Immigrants can’t have start ups on H1-B! Who will explain this to AILA, DHS, USCIS, Senators, Congressman and Companies?!

    • Anonymous says:

      And you expect these people to think and act in the best interest of the country? $$$ my friend….$$$ that’s all matters.

      • Anonymous says:

        Isn’t that the case with every other entrepreneur/business owner i.e. the carrot on stick is money. I don’t see the distinction between a business started by a native born or a foreign. Business is business, it creates jobs and increases the tax revenue for the country. If that’s not a net plus I don’t know what is.

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