Immigrant Business Owners Need Proper Encouragement to Strengthen the US Economy

1. Immigrant Business Owners Need Proper Encouragement to Strengthen the US Economy Small and medium businesses are the backbone of the US economy, and startups contribute handsomely. Interestingly, foreigners play a critical role in the US startups, and at least one founder from a foreign country in almost 55% of US startups worth at least a billion-dollar or more. Thanks to the broad participation by immigrant business owners in setting up businesses in the US that helped the country earn the tag of the most entrepreneurial country in 2021. Historically, foreign- born entrepreneurs have played a key role in creating jobs and driving innovation in North America. Their efforts have been critical in making America’s economy more resilient and robust, and the trend should continue to help the country remain the global leader in entrepreneurship.

2. Companies founded byimmigrant business owners are crucial to the growth Startups have been the major job creators in the private sector and, in 2020 and created more than 3 million jobs. Research shows that regions with more startups experienced higher job growth in the private sector. The rise in entrepreneurship is evident from 4.3 million business formation applications filed in 2021 to 6.7 million in 2022. America’s economy today needs strong support from small and medium businesses that thrive on entrepreneurship. You can read the full content: https://businessupside.com/2022/03/03/immigrant-business-owners- need-proper-encouragement-to-strengthen-the-us-economy/ -------------------------- Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1