Home » Diversity News

Innovate America Celebrate the Impact of Companies Created by Immigrants

Submitted by on April 30, 2013 – 9:10 amNo Comment | 1,620 views

America is a country of immigrants. America let them innovate, and in return they innovated for America. Innovate America is celebrating their impact by measuring the jobs they created right here in America.

42% of Fortune 500 Companies were founded by an immigrant or their children. These 211 companies produced $5 trillion of revenue (the U.S. GDP is $16 trillion). In Silicon Valley, 44% of startups have an immigrant founder.

Immigrants are often educated at American universities and make up a significant part of STEM (Science, Technology, Engineering, Math) faculties. They generally have to stay in America through an H-1B visa, which allows a U.S. employer to temporarily employ a foreign worker in a specialty occupation. H-1B status is only available to 65,000 workers per year, plus 20,000 for those holding a graduate degree from a U.S. university. This year, the H-1B cap was reached in just five days.

More about Innovative America

Tags: , , , ,

Leave a comment!

Add your comment below, or trackback from your own site. You can also Comments Feed via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.