Business ownership and innovation are highly prized qualities in American culture. It may be surprising to learn that nearly half of the 2010 Fortune 500 companies were founded by immigrants or the children of immigrants, and that more than a third of technological innovators were born outside the U.S. The number of innovators and leaders is growing in America, and many hail from another part of the world.
In a survey of 923 people who have received prestigious awards within their field for their work or have applied for international patents that are likely to have a significant economic impact, 35.5% if these creators were considered immigrants. In the total U.S. population, only 13.5% of people are first generation immigrants. A far greater portion of immigrants are award-winning innovators than their native-born counterparts.
There is a collective belief that innovation and technological progress is driven by brilliant college dropouts and their startups. The reality is, though, immigrants are leading the charge. Immigrant entrepreneurs and leaders are also far more likely to hold advanced degrees and have spent many years working for large companies before they broke out to start their own company.
While the current administration is adopting a hardline stance against immigrants, it is becoming very obvious that immigrants serve to boost the American economy. Without their hard work, America would lose thousands of jobs and companies, as well as trillions of dollars in revenue. Immigrants greatly contribute to the U.S. by stimulating the economy, providing market competition, and creating jobs.
Immigrants also are responsible for many leading technological companies, which help keep America at the forefront of the global technology industry. From computers and mobile devices to green energy to commercial space travel to taxi alternatives—immigrants have greatly shaped our future and our everyday lives. Pushing against beneficial immigration reforms and stirring up anti-immigrant rhetoric may prove fatal for the U.S.’s standing in the world economy.
Are you an immigrant who is seeking pursue your dreams in America? There are many options that may help you successfully immigrate, and we can help you understand the best possible immigration options for you and your loved ones. Let us guide you through this challenging time.
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