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Mario Kranjac — a summer 2012 student research assistant at the 4% Growth Project — has completed an analysis of immigrant contributions to the U.S. economy. Of particular importance, Kranjac's study examines the immigrant backgrounds of the founders of the companies listed on the 2012 edition of the Fortune 500. This updates a previous analysis performed by the Partnership for a New American Economy, which used the 2010 edition of the Fortune 500. Summarizing his results, Kranjac reports:
In total, 211 out of 500 companies (42.2%) were founded by immigrants or the children of immigrants. This represents a slight increase from the 40.8% recorded by the Partnership for a New American Economy's study in 2010.
Kranjac's paper, "Immigrant Contributions to U.S. Entrepreneurship and Innovation," is available for download here.
Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View.Full Bio