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Foreign touch to business in U.S.
Immigrants start a quarter of high-tech firms, a study says.
By MADHUSMITA BORA
Published June 12, 2007
Foreign-born entrepreneurs were part or sole founders of 25.3 percent of high-tech companies started in the United States from 1995 to 2005. What fueled their entrepreneurial spirit is their background in science, technology, engineering and math disciplines, says a study released Monday by the private, non-partisan Ewing Marion Kauffman Foundation. The Kansas City, Mo., foundation, which advances entrepreneurship in America, found that immigrant entrepreneurs are equipped with higher degrees in science, technology, engineering and mathematics. Based on the findings, the organization recommends that immigration laws be more welcoming toward individuals with a higher degree in science- and math-related programs. The study doesn't break down data by state. But Florida shone as an emerging star in the creation of new high-tech companies. The Sunshine State commanded a spot with Texas, trailing behind California, but surging ahead of traditional winners such as New York, Massachusetts and New Jersey.
[Last modified June 11, 2007, 23:14:54]
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