A new study has found that over the past 15 years, immigrants have started 25% of of U.S. public companies thatA new study has found that over the past 15 years, immigrants have started 25% of U.S. public companies that were venture-backed, representing a market capitalization of more than $500 billion. Eighty-seven percent of these companies, which include Intel, Google, Yahoo!, Sun Microsystems and eBay, operate in sectors such as high-tech manufacturing, information technology and life sciences. The firms are based throughout the country but are concentrated in five states: California, Massachusetts, New Jersey, Washington and Texas.
The study, which is titled “American Made: The Impact of Immigrant Entrepreneurs and Professionals on U.S. Competitiveness,” also revealed that an estimated 47 percent of private, venture-backed start-up companies in the U.S. have immigrant founders. ÂAmerican MadeÂ was conducted by the National Foundation for American Policy, a public policy research organization in Arlington, Va., and Content First, a public-policy research firm in Washington, D.C., and commissioned by the National Venture Capital Association, also in Arlington.