How Immigrant Entrepreneurs Are Reshaping California’s 21st Century Economy (timesofsandiego.com)

Dana Brown (PACEs Connection Staff) 6/24/199:42 PM

Immigrants take big risks coming to California. When they get here, many decide to take another risk: launching their own company.

Immigrants are actually more likely to start a business than people born here. California consistently ranks as one of the states most reliant on immigrants for new business creation.

“California is very much a hotbed of immigrant entrepreneurship,” said Bill Kerr, Harvard Business School professor.

Nationwide, about 25% of new companies are founded by immigrants, according to Kerr’s research. But that rises to about 42% in California. Immigrants in California are starting everything from strip-mall restaurants to some of the state’s largest employers.

To read more of David Wagner's article, please click here.

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