Thursday, December 10, 2009

More Immigrants Leap into Business Ownership

Overcoming language barriers and sometimes lacking business networks to secure financing or advertising, immigrants are anchoring downtowns in cities and remaking the suburbs across the nation with newly established businesses.

According to economist Robert Fairlie, producer of the Kauffman Index of Economic Activity, immigrants have higher rates of starting a business than do native-born Americans. Immigrant women are starting businesses at a rate of 57 percent than native-born women; immigrant men start businesses at 71 percent higher than native-born men.

Whether avoiding barriers that come with traditional jobs or becuse their job skills do not translate well into corporate America, immigrant business owners contribute to the economy by creating new jobs.

The full text of the article is available at immigrants making the leap

The Kauffman Index of Entrepreneurial Activity is available on the Kauffman Foundation's Web site.

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