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.