It's been documented for some time that immigrants outpace the native-born in the U.S. in terms of starting their own businesses. But the economic downtown has apparently driven even more immigrants to become entrepreneurs, according to a story today from CNN Money.
Immigrants created 28 percent of all new firms last year, per the report. They were also twice as likely to start a business than people born in the United States. It's a shift from the mid-1990s, when immigrants made up about 14 percent of all new entrepreneurs; that figure that has since doubled as immigrants play a key role in the economic recovery. And as the typical immigrant success story tends to go, necessity was the mother of invention for many. From the piece: