Skilled Immigrants and Economic Growth

 

Skilled Immigrants and Economic Growth

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Highly skilled immigrants contribute significantly to U.S. economic growth and global competitiveness.

Skilled immigrants have achieved great success in founding U.S. engineering and technology startups, which have in turn contributed greatly to the country’s economic growth over time. In this work we explore the educational attainment and career trajectories of these immigrant entrepreneurs. Our research confirms that advanced education in STEM fields (science, technology, engineering and mathematics) is correlated with high rates of entrepreneurship and innovation among both immigrant and U.S.-born founder populations. To maintain and grow the U.S. entrepreneurial landscape, future policy endeavors may target means of attracting and retaining innovative, highly skilled foreign minds.