Austin Immigration Attorney

Businesses started by immigrants on the decline

Posted on October 3rd, 2012 No Comments

The once-booming expansion of foreign-founded companies may be reaching the end. A new survey by the Kauffman Foundation shows that immigrant entrepreneurship is starting to decline.  Over the past six years, the amount of companies started by immigrants has slipped from 25.3 percent to 24.3 percent.

This decline could potentially hurt American employment. According to the Washington Post, many economists agree that young businesses are the most consistent and reliable sources of job creation. More than half of America’s top venture-backed companies are started by immigrants.

Researchers at the Kauffman Foundation believe that current immigration laws have contributed to the decline in immigrant entrepreneurship because foreign-born students are forced to return home after receiving advanced degrees.

If you are interested in studying in America, contact the student visa attorneys of the Law Office of William Jang, PLLC, at 512-323-2333 today.

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