Wealthier and more educated, first-generation immigrants start and run new businesses at twice the rate of the second-generation.
As Congress engages in overhauling the country’s immigration system, new research finds that wealthier and more educated, first-generation immigrants drive U.S. immigrant entrepreneurship, starting and running new businesses at twice the rate of the second-generation. The 2012 Global Entrepreneurship Monitor (GEM) U.S. Report surveying immigrant entrepreneurs was recently issued by Babson College and Baruch College.
GEM researchers also found that first-generation immigrants outshone non-immigrants in recognizing good opportunities (48 percent vs. 43 percent); are more affluent (63 percent vs. 50 percent in top 1/3 income category); and are highly educated (57 percent vs. 45 percent holding bachelor degrees or higher). More than 16 percent of first-generation immigrants started and ran new businesses compared to 13 percent of non-immigrants.
To read the original article: Immigrants Drive Entrepreneurship | News & Events | Babson College
