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Immigrant Entrepreneurs Demonstrate Growing Contribution To U.S. Economy, Says American Made 2.0
Date:6/20/2013

cess for a foreign-born entrepreneur to enter and remain in the U.S. to start a business is too difficult.” Overall, 74 percent of companies agree “Current U.S. immigration laws for skilled professionals harm American competitiveness.” Finally, 90 percent of both native-born and foreign-born company founders believe a start up visa category would benefit the U.S. economy. Two-thirds of immigrant entrepreneurs indicated that “A start up visa category would have been helpful when starting their company in the United States.”

Under U.S. immigration law today, American employers can hire skilled foreign nationals on an H-1B temporary visa, but for more than a decade the supply of H-1B visas has been exhausted before the end of the fiscal year. Fifty-seven percent of the companies replied that “projects had been delayed because of the lack of H-1B visas.” Forty-three percent of the companies said the lack of H-1B visas influenced the company’s decisions to place or hire more personnel in facilities located outside the United States.

“The study demonstrates not only the contribution of immigrant entrepreneurs but also broad-based support from the entire U.S. start-up community for meaningful immigration reform that allows high skilled and entrepreneurial foreign born professionals to start and grow companies in America,” said Anderson. “If Congress enacts the solutions proposed by today’s cutting-edge companies – a startup visa category as well as more temporary visas and green cards for highly skilled foreign nationals -- then we are likely to see more jobs and innovations created in the United States.”

The full study, with more details on demographics and industry sectors as well as case studies, will be released in July 2013.

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