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Immigrants Behind America’s Biggest Businesses

October 27, 2011
Plain English Version

A new report from the Partnership for a New American Economy says that more than 40 percent of Fortune 500 companies were founded by immigrants or their children.

Since 1985, companies in the Fortune 500 were likely to have been started by such immigrants.

Apple, Google, Intel, eBay and Yahoo are among the companies started by first-generation Americans.

In fact, more than a quarter of the high-tech and engineering businesses launched in the United States between 1995 and 2005 had an immigrant founder.

Going back, AT&T, Budweiser, Colgate, eBay, General Electric, IBM, and McDonald’s, to name just a few — owe their origin to an immigrant or the child of an immigrant

America’s visa system makes it difficult for anyone with a great business idea to come and stay here. Universities are teaching many young foreigners. Our system of immigration may prevent them from staying here after graduating.

There should be ways for foreign students to remain in the United States—especially those in critical fields like science, engineering and technology.

The Wall Street Journal

 

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