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Immigrants Hold Key Positions in Top U.S. Companies
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Immigrants are now playing an increasingly important part in driving growth and innovation in the U.S, according to a study from the National Foundation for America Policy.
Conducting interviews and gathering information from the top 50 venture-funded privately-held companies in information technology, health, energy, business and financial services, and other fields in the United States, the study found that 46 percent of those companies have at least one immigrant founder.
The research found 37 of the top 50 companies, or 74 percent, have at least one immigrant helping the company grow and innovate by filling a key management or product development position. In those top companies, immigrants commonly hold key positions such as chief technology officer, CEO and vice president of engineering.
The most common country of origin for an immigrant founder of a top 50 venture-backed company was India, followed by Israel, Canada, Iran and New Zealand. Other founders and co-founders were born in Italy, South Africa, Greece, Norway, Germany, the United Kingdom, Singapore, Switzerland and France.
According to the report, these new findings indicate immigrants are playing an increasingly important role in starting and staffing America's cutting-edge companies to boost the country's economic growth and innovation.It makes sense for the U.S. to continue reforming its immigration policies to encourage the trend, the report concluded.
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