Immigrants far outpaced native-born Americans when it came to starting companies last year, according to a national assessment of entrepreneurial activity by the Ewing Marion Kauffman Foundation.
Furthermore, the study found, the only major ethnic or racial group to experience a year-to-year increase in the rate of entrepreneurship was African Americans.
Kauffman Index found that about 350 out of 100,000 immigrants started a business every month in 2005, compared with 280 out of 100,000 native-born Americans. That means that about a total of 85,000 immigrants and 379,000 native-born individuals created new businesses each month last year.
While the overall entrepreneurial activity declined slightly from 2004 to 2005, the rate of African Americans starting businesses grew from 0.21 percent to 0.24 percent. In all, 46,700 African Americans started a new business every month in 2005, compared with 40,200 in 2004..
Click here for more information on entrepreneurial activity broken down by race, age, region and geographic area. The Ewing Marion Kauffman Foundation, based in Kansas City, is a private, nonpartisan organization that works with partners to advance entrepreneurship in America and improve education.