Immigrant Entrepreneurs

The Megaphone of Main Street: Unsung Entrepreneurs reports that, unlike other groups, immigrant entrepreneurs cite job discrimination 53% more often as a motivating factor to start their own business.

More immigrants have been starting businesses 

  • In 1996 only 13.3% of businesses were owned by immigrants compared to 25.4% in 2019.

While immigrant entrepreneurs are more likely to seek financial support they are less likely to receive it

  • They are rejected 72-83.5% more often when seeking expanded lines of credit, crowdfunding, new investors, support from online lenders and veteran loans. This includes all forms of government support. 
  • Half to three-quarters of immigrant business owners surveyed feel no support from their federal, state or local government.

Instead they seek alternative sources of funding

  • Many immigrants tap into personal savings, credit cards or seek loans from friends and family.

immigrant entrepreneur infographic

Megaphone of Main Street graphic with blue background and green illustrated office buildings