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Immigrants Play Huge Role in Creating Jobs and Growing U.S. Economy

We need to attract and retain more highly-skilled immigrants to remain competitive. And here’s why. A study conducted by the American Enterprise Institute and the Partnership for a New American Economy found that for every 100 immigrants who earn advanced degrees in the U.S. and then stay to work in technical fields, 262 jobs are created for other American workers. That means we create more than 2.5 new jobs for every future foreign-born scientist, engineer, doctor or entrepreneur we can attract, train and keep in the U.S.

Here are more statistics to consider:

  • 76 percent of patents that the top 10 U.S. patent-producing universities received in 2011 had an immigrant inventor
  • 28 percent of all companies started in the U.S. in 2011 had immigrant founders
  • more than 40 percent of Fortune 500 companies were founded by an immigrant or a child of an immigrant

Bottom line: Attracting, training and keeping foreign-born talent here in the U.S. is a big win for all of us in creating more American jobs.

 

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