Y-Axis Immigration Services

Sign up for free

expert consultation

Down Arrow

I accept the Terms & Conditions

Icon
Don' know what to do?

Get Free Counseling

Posted on October 29 2018

55% of the US 1 Billion $ startups have immigrant founders

profile-image
By  Editor
Updated May 10 2023
US immigrants

55% of the US 1 billion $ startups have immigrant founders. This is as per the latest study of the National Foundation for American Policy. It has revealed that 50 out of the 91 such startups have a minimum, one immigrant founder.

The 50 US firms that have immigrant founders have created 1,200 US jobs per business on an average. Their total collective value is placed at 248 billion $. This exceeds the entire value of stock markets in several nations, as quoted by the Times of India.

Most of these startups are in Silicon Valley. California is the headquarters for 31 of the firms. It is followed by New York with 8, Massachusetts with 5 and Illinois with 2 and 1 each in Washington State and Florida.

20 of the 91 billion $ startups or 22% had one founder who arrived at the US as an overseas student.

The NFPA research further elaborates that immigrants who arrived as kids in the US started 6 of the firms. It adds that the findings are really crucial. This is because the US immigration law currently does not have a reliable way to start a business. This holds good even if they want to remain after doing so, adds the study.

Immigrant founders in the US who have succeeded as entrepreneurs have done so in many ways. This is after being sponsored by family members or employers or are refugees. US Congress has still not endorsed a bill that would create a US Startup Visa. This is in spite of several Congress members supporting the idea.

Y-Axis offers a wide range of Visa and Immigration products as well as services for aspiring overseas immigrants including Work Visa for USAStudy Visa for USA, and Business Visa for USA.

If you are looking to Study, Work, Visit, Invest or Migrate to the US, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

If you found this blog engaging, you may also like…

Millions awaiting legal US immigration to be soon accepted: Trump

Tags:

US immigration news today

Share

Options for you by Y-Axis

phone 1

Get it on your Mobile

mail

Get News Alerts

contact 1

Contact Y-Axis

Latest Article

Related Post

Trending Article

Belgium Citizenship

Posted On December 14 2024

Belgium Approves 45,500+ Citizenship Applications in 2024. Apply now!