ImpactAlpha, February 24 – Non-native business founders made up about 30% of all new entrepreneurs in 2017, according to Kauffman Foundation’s latest Indicators of Early-Stage Entrepreneurship, more than double their representation in 1996. Immigrants are now nearly twice as likely to start businesses as native-born Americans. “This rising rate of new entrepreneurs and the growing immigrant population have contributed to an increasing immigrant share of new entrepreneurs,” said the Kauffman report.
- Growing diversity. Latinos make up a growing share of new entrepreneurs, “reflecting the longer-term trends of rising Latino rates of entrepreneurship and the growing Latino share of the total U.S. population.” The share of new entrepreneurs is also up among Asian and Black populations, while the White share has declined since 1996.
- Leading indicators. The new Kauffman indicators include rate of new entrepreneurs, opportunity share of new entrepreneurs, startup early job creation and startup early survival rate.
- State by state. How does Texas stack up against California? Compare Kauffman’s entrepreneurship data state by state.