Sunday, July 24, 2011

8 Immigrant Contributions to the American Economy

From a report by the "Partnership for a New American Economy", comes these staggering numbers that show the positive impact of immigrants on the American economy. The report is based on membership on the 2010 Fortune 500 list.

  1. 18% of companies had at least one immigrant founder.
  2. 23% of companies had at least one founder who was the child of an immigrant.
  3. 41% of companies were founded either by an immigrant or a child of an immigrant.
  4. 20% of companies started between 1985 and 2010 were founded by immigrants.
  5. 45% of high tech firms had a founder who was either an immigrant or a child of an immigrant.
  6. 50% of medical equipment and device makers had a founder who was either an immigrant or a child of an immigrant.
  7. 7 of the 10 most valuable brands in the world are American companies created by immigrants or children of immigrants. They include: Apple, Google, AT&T, Budweiser, IBM,Colgate, McDonald's and eBay.
  8. Companies founded by immigrants or children of immigrants generated revenues of $4.2 trillion. If this were a country, it would have the 4th largest GDP in the world after USA, China and Japan.
Source: The "New American" Fortune 500A report by the Partnership for a New American Economy.

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