Top half of the Companies founded by Immigrants
June 27, 2012 § Leave a comment
National Foundation for American Policy (NFAP) research group proves how entrepreneurs spur US economy. Out of top 50 companies 23 companies had at least one immigrant founder or co-founder. 37 out of 50 companies have one immigrant in a key management position like Chief Technology Officer.
Copy of the report here:
Many of America’s greatest brands – Apple (Steve Jobs – Syria), Google (Sergey Brin – Russia), Intet (Andrew Grove – Hungary), AT&T & Verizon Communications (Alexander Graham Bell – Scotland), Honeywell (Albert Butz – Switzerland), Goldman Sachs Group (Marcus Goldman – Germany), Colgate-Palmolive (William Colgate – England), Sun Microsystems (Vinod Khosla, Andy Bechtolsheim – India, Germany), Qualcomm (Andrew Viterbi – Italy), Yahoo (Jerry Yang – Taiwan), General Electric (General Electric – Thomas Edison), IBM (Herman Hollerith – Germany), Harley – Davidson (Williams S. Harley – England) and Walt Disney (Walt and Roy Disney – Canada) to name just a few – owe their origin to a founder who was an immigrant or the child of an immigrant.”
“It’s a gamble whether an entrepreneur should stay or leave right now, and that’s not how the immigration system should work,” said Mark Heesen, president of the National Venture Capital Association, on a call with reporters. “What we need is legislation that helps these entrepreneurs from outside the United States.”
Countries who have supplied most of the founders are from India, Israel, Canada, Iran and New Zealand. On an average they created 150 jobs in United States.
Young companies and their backers say the rules are too cumbersome and encourage non-U.S. citizens to launch start-up businesses elsewhere, or bog down companies in red tape if they commit to basing in the United States.