Wednesday, January 3, 2007

Immigrants behind 25 percent of startups; 33% in Michigan

http://news.yahoo.com/s/ap/20070104/ap_on_hi_te/immigrant_entreprenurs

California led the nation, with foreign-born entrepreneurs founding 39 percent of startups, even though they make up only 25 percent of the state's population. In New Jersey, 38 percent of tech startups were founded by immigrants, followed by Michigan (33 percent), Georgia (30 percent), Virginia (29 percent) and Massachusetts (29 percent).

"The bottom line is: Why aren't these people citizens?" Wadhwa said. "We're giving away the keys to the kingdom. This is a big, big deal once you figure out what this means for U.S. competitiveness."

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