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On the rise: Immigrant entrepreneurs
Immigrants like Maribel Lieberman, who launched a company, are twice as likely to create firms than those born in the U.S.
May 9th, 2012
12:30 PM ET

On the rise: Immigrant entrepreneurs

By Jose Pagliery, CNNMoney

NEW YORK (CNNMoney) -- Working for a new company? There's a more than one-in-four chance your new boss wasn't born here.

Immigrants created 28% of all new firms last year. They were also twice as likely to start a new business when compared to those born in the United States.

It's a notable shift. Nearly all new firms are small, and many are hiring new workers, seeking small business loans and shaking up established industries.

What's behind the rise of immigrant entrepreneurs?

El Pichy Films: A joke turned into a company

For one, immigrants are over-represented in lower wage sectors like construction, which was hard hit during the economic crisis, according to Rob Fairlie, a professor at the University of California-Santa Cruz.

Read the full story on CNNMoney

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Filed under: Economy • Immigration • Latino in America
soundoff (2 Responses)
  1. Jorge

    That's not because the educational systems are necessarily better than they are here, but because out parents and society in general hold us to higher standards of performance in order to allow us privileges and upward mobility.

    May 11, 2012 at 8:10 am | Report abuse |
  2. DemocarRepub

    One thing for sure, the average of these new immigrant bosses is better, in fact much better, educated than an average American.

    May 9, 2012 at 4:24 pm | Report abuse |