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Immigrant Women Fueling Small Business Growth

Date: 03/05/2007 | Category: Business | Author: developers

According to an Intuit Inc Future of Small Business Report, immigrant women are one of the fastest-growing segments of small business owners in the U.S. and can expect to be a sizeable portion of small business owners by 2017.

Robert Fairlie, an economist who produces the Kauffman Index of Entrepreneurial Activity finds that immigrants to the U.S. have higher rates of starting new businesses than do native-born Americans.  Over the last three years, 310 of every 100,000 immigrant women created a business, while 220 of 100,000 native-born women did so.

Immigrant women start their own businesses for a variety of reasons:  for flexibility to raise children, to avoid barriers that come with traditional jobs, or because their skills do not translate well into corporate America.