December 6, 2017

Almost half of Fortune 500 companies were founded by immigrants or their children

Forbes- As two critical immigration policy issues face Congress—the fate of 800,000 immigrants brought to the United States illegally as children (“DREAMers”), and the re-introduction of the bipartisan Startup Act, which among other things, provides 75,000 visas to entrepreneurs that come to this country to start high-potential companies—new evidence demonstrates yet again just how critical foreign-born entrepreneurs are to lasting economic prosperity in the United States.

The Center for American Entrepreneurship, a non-partisan policy and advocacy organization, published a study today on the founders of America’s most valuable companies—those in the Fortune 500. The results are striking—43 percent of companies in the 2017 Fortune 500 were founded or co-founded by an immigrant or the child of an immigrant, and among the Top 35, that share is 57 percent.

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