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Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

By Axios Politics

Data: New American Economy Research Fund; Chart: Chris Canipe/Axios Immigrants and their children have founded 45% of the U.S.'s Fortune 500 companies, according to a new study by New American EconRead full story

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  • Sadly, even with data that shows the positive contribution of immigrants to the economy, jobs, society, we find a chorus of citizens yelling “go back where you came from.” Confusing to be fighting against your own best interests.

  • Interesting study shows that Immigrants and their children founded 45% of U.S. Fortune 500 companies, according to a new study by New American Economy.

    Fortune 500 companies founded by immigrants or their children (first gen) had $6.1 trillion in annual revenue last year vs. $ 7.6 trillion of non-immigrant

    Interesting study shows that Immigrants and their children founded 45% of U.S. Fortune 500 companies, according to a new study by New American Economy.

    Fortune 500 companies founded by immigrants or their children (first gen) had $6.1 trillion in annual revenue last year vs. $ 7.6 trillion of non-immigrant founded firms. But the other important fact here is addressing the perceived narrative that immigrants “take vs. make” jobs. The F500 immigrant basket of firms tracked in this study employ 13.5 million people.

    Most future jobs happen because someone has a crazy dream. And nearly as likely, those ‘dreamers’ are knocking on our door.

  • And the point of this study does what exactly? All Americans are technically immigrants and descendants of immigrants. So of course immigrants and their kids founded companies.

    Illegal residents are the problem, as they are not immigrants. The media conflates everything and confuses the arguments to

    And the point of this study does what exactly? All Americans are technically immigrants and descendants of immigrants. So of course immigrants and their kids founded companies.

    Illegal residents are the problem, as they are not immigrants. The media conflates everything and confuses the arguments to ensure we all argue with each other.

    Illegal people in a country take the resources without contributing fully back into that society.

    A more useful study would

    Include the data on how many came to America legally vs illegally.

    Illegal immigration is causing massive problems around the world, and It can’t be fixed without overhauling the entire system, and assisting countries the people are fleeing from.

  • I’m from Illinois, so it’s a crazy stat that 70% of the state’s GDP was brought in by immigrant-founded companies. The #futureofwork is global, it’s just a question of whether or not this country will still be a part of that growth.

  • This is a bit surprising. I wonder though, how much of the 45% came from illegal vs legal entry?

  • The fact that immigrants start up some of the most innovative and creative technologies is not a secret that really requires research, as it has been demonstrated over the past decade and countless other tomes of research. That these companies would be more apt to hire employees is not a real Revelation

    The fact that immigrants start up some of the most innovative and creative technologies is not a secret that really requires research, as it has been demonstrated over the past decade and countless other tomes of research. That these companies would be more apt to hire employees is not a real Revelation either. It is just further evidence that diversity and inclusion are critical for innovation, creativity and the ability to drive successful businesses. The challenge here is to look even deeper have to use data points and recognize the extent to which these companies are headed up and started by illegal aliens or immigrants versus legal. That data point would be very telling and would make a big difference for current policies as well as long term strategies for the nation as a whole. But that would be a different question rather than one of compassion and looking at the travesty that is happening at the border. To be pragmatic as a nation is a very different issue then being altruistic and open armed to welcome anyone in need.

  • I’m stymied how many aren’t making any distinction in their comments on the massive crush of “Illegal Immigration “ I’m curious if the Mexican Government has helped set up a processing system to work in hand with the US and help the flow, I have heard Trump repeatedly say he wants this ??? I just don’t

    I’m stymied how many aren’t making any distinction in their comments on the massive crush of “Illegal Immigration “ I’m curious if the Mexican Government has helped set up a processing system to work in hand with the US and help the flow, I have heard Trump repeatedly say he wants this ??? I just don’t get this ???? You can watch dozens of documentaries on the sadness & dangers of what’s currently happening and it doesn’t look like a healthy immigration situation by a stretch regardless of your political stripe.

  • I try not to weigh in on tinderbox issues because they almost always fueled by politicians who are out for votes. There's no place for gray areas of discourse.

    However, here's my take on this article. Legal immigration is great for the US and exceptionally great for Illinois. The data cannot be argued

    I try not to weigh in on tinderbox issues because they almost always fueled by politicians who are out for votes. There's no place for gray areas of discourse.

    However, here's my take on this article. Legal immigration is great for the US and exceptionally great for Illinois. The data cannot be argued with and I am proud to be in that number. We, employers and community builders, must push to reform the legal immigration processes that are currently full of loop holes and is overly bureaucratic.

    The authors try to tie this in with illegal immigrants. In the process, not only do they do us wrong, they do wrong to the billions who refuse to break laws and have stayed in their countries.

    These partisan articles do something much worse though - we need to fix what's happening at the borders. Walls are not the answer. Camps are not the answer. Family separation is not a good solution. These are humans who could contribute to our economy just as much as I am, so we need to figure this out.

    And we have US-born and bred children, the dreamers, that we must support and mainstream quickly.

    Sorry, my comment does not fit into any one discourse. It won't get votes today but I would vote for anyone who picks apart this thorny issue and does what is right for everyone.

    This article doesn't bring anything new to the table and only serves to inflame partisan politics.

  • America is successful because of immigrants.

  • Hello Trump. Are you listening?

  • Great article, but too many people will make a distinction between THOSE immigrants and the ones that don't look like them.

    For the record, immigrants do not receive US services. They don't get money, they don't get healthcare, they don't get food stamps.

  • nobody that's a good person has a problem with immigrants being here and working here and making this country wonderful, they have issue with illegal immigration - people that jump the line ahead of lawful immigrants and expect to not have any consequences for breaking our laws.

  • Brett Yancy Collins - I would be really interested to know which resources illegal immigrants soak up. I know many do not pay into taxes but from which resources are they taking? I also think it’s unfair to assume they don’t add anything of value, though much of this data remains unaccounted for.

  • US Fortune 500 companies founded by immigrants employ 11% more people... and more interesting facts about keeping a steady -in-flow of highly skilled immigrants. Low skilled immigrants contribute a lot too.

  • Ironic facts

  • Exactly - Legal immigration has valuable net benefits for USA and the new American citizens!

    Illegal immigration is quite a different story.

  • And yet immigrants, people of color (black, brown, other), and minorities still battle discrimination

  • The impetus to succeed in the is so much stronger when starting from scratch.

    My family were immigrants with nothing, who became entrepreneurs and did wonderful things for their community.

    Lets hope immigration can continue for those who want to come to the US.

  • Not at all surprised.

  • Are these illegal immigrants, legal immigrants, asylum seekers and refugees?

  • "Illegal residents are the problem, as they are not immigrants." Um, what? They migrated here; hence, they are immigrants.

    "Illegal people in a country take the resources without contributing fully back into that society." Oh, I see. You're quoting the indigenous peoples of North America from a few

    "Illegal residents are the problem, as they are not immigrants." Um, what? They migrated here; hence, they are immigrants.

    "Illegal people in a country take the resources without contributing fully back into that society." Oh, I see. You're quoting the indigenous peoples of North America from a few hundred years back.

    "...came here illegally versus legally..." Hello. The Europeans who "discovered" America were trespassing. Yeah, illegal entry, home invasion and armed robbery. And those were just the misdemeanors.)l

    "Illegal immigration is causing massive problems...." Agreed. Go back.

  • It was expected!

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