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CARPE DIEM

CARPE DIEM U.S. Immigrants Seize Entrepreneurial and Educational Opportunities Although immigrants represent just 12.9% of all U.S. residents, according to the U.S. Census Bureau, they lead the way in business start-ups and in attaining degrees in lucrative fields, IMMIGRANTS BY REGION OF BIRTH such as science and mathematics. Learn more about how foreign-born residents are a driving force in the U.S. economy and about areas of potential opportunity. BUSINESS FORMATION RATE IMMIGRANTS Vs. NON-IMMIGRANTS 0.62% 0.28% business formation rate among immigrants (620 out of 100,000), compared with 0.28% among non-immigrants TOP 10 U.S. STATES WITH HIGHEST PERCENTAGE OF FOREIGN-BORN RESIDENTS 27.2% 22.2% 21.0% 19.4% 18.8% California New York New Jersey Florida Nevada 13.9% 13.7% Illinois 18.2% 16.4% 15.0% Hawaii Техas Massachusetts Maryland AGE 50% of U.S. foreign-born residents are between 18-44 years of age 35% of U.S. native-born residents are between 18-44 years of age MARRIAGE AND DIVORCE 58% of foreign born aged 15 and older are married, compared with 47% of native born. EDUCATIONAL ATTAINMENT 27% O 66% of Asian immigrants are married of immigrants have a bachelor's degree or higher, compared with 28% of natives. of Latin American 54% immigrants are married. 49% of foreign born are separated of Asian immigrants have a bachelor's degree or higher. 11% or divorced, compared with 14% of native born. EMPLOYΜΕNT 68% of immigrants participate in the labor force, compared with 64% of native born. LEADING THE WAY IN MATH AND SCIENCE Although immigrants represent 12.9% of the U.S. population, they represent 20.9% of residents with a bachelor's degree or higher in the science and engineering fields. The foreign born represent: of bachelor's 33% degree holders in engineering fields of bachelor's degree 27% holders in computers, mathematics, and statistics of bachelor's degree 24% holders in physical sciences, and 17% in biological, agricultural, and environmental sciences IMMIGRANT-OWNED BUSINESSES AT A GLANCE Non-Immigrant Immigrant 9.3% Averages Business Ownership Rates Sales and Receipts Number of Employees 10.5% $610,000 $434,000 11.9 8 LEADERS IN GROWTH, INNOVATION, AND JOBS $429,000 $253,000 4.4% Payroll 7.1% Export Goods Exports at 20%+ of sales <1% 3.2% New business creation is associated with growth, innovation, and jobs with immigrants leading the way. START-UP CAPITAL Immigrant Non-Immigrant 52% 59% <$5,000 $50,000 or more 20% 16% $65,866 Average Start-Up Capital Source of Start-Up Capital $67,704 Personal/Family Savings 65.9% 63.3% None Needed 20.5% 22.1% Credit Cards 11.1% 11.0% Bank Loan 8.3% 11.2% 6.9% 5.6% Home Equity Loan Other Personal/Family Assets 6.4% Loan from Family/Friends 8.3% 3.2% 2.6% Government Loan 0.6% 0.7% Government Guaranteed Loan from Bank/Institution Venture Capital 0.6% 0.7% 0.3% 0.3% 0.2% 0.2% Grants Other 2.0% 1.9% AREAS OF OPPORTUNITY Fewer immigrants own a home, compared with non-immigrants. Experts believe that home ownership increases the possibility of obtaining business loans because of greater personal wealth (home equity). On average, U.S. immigrants tend to be younger, gainfully employed, although they make slightly less money, live on the East and West coasts, and are more likely to get and stay married. Also, the vast majority of foreign-born residents arrive from Asia and Latin America, together comprising 81.3% of all immigrants. LEADING THE WAY They also lead the way in forming new businesses and attaining degrees in lucrative fields, such as science and engineering. 52.1% AREAS OF OPPORTUNITY of immigrants own a home, compared with 70.8% of Areas for opportunity include learning about and utilizing all types of funding for starting and growing a business and buying a home. non-immigrants. Immigrant and non-immigrant entrepreneurs: For more information, visit www.creditdonkey.com/blog/business/ TM Sources: U.S. Census Bureau; U.S. Census Bureau American Community Survey; U.S. Small Business Administration (SBA); SBA Office of Advocacy CreditDonkey CreditDonkey.com helps small business owners with "donkey-proof" (easy to understand) financial tips and deals. Africa Asia 28.2% Europe 12.1% Latin America Caribbean 53.1% 2 % Oceania 0.5% CARPE DIEM U.S. Immigrants Seize Entrepreneurial and Educational Opportunities Although immigrants represent just 12.9% of all U.S. residents, according to the U.S. Census Bureau, they lead the way in business start-ups and in attaining degrees in lucrative fields, IMMIGRANTS BY REGION OF BIRTH such as science and mathematics. Learn more about how foreign-born residents are a driving force in the U.S. economy and about areas of potential opportunity. BUSINESS FORMATION RATE IMMIGRANTS Vs. NON-IMMIGRANTS 0.62% 0.28% business formation rate among immigrants (620 out of 100,000), compared with 0.28% among non-immigrants TOP 10 U.S. STATES WITH HIGHEST PERCENTAGE OF FOREIGN-BORN RESIDENTS 27.2% 22.2% 21.0% 19.4% 18.8% California New York New Jersey Florida Nevada 13.9% 13.7% Illinois 18.2% 16.4% 15.0% Hawaii Техas Massachusetts Maryland AGE 50% of U.S. foreign-born residents are between 18-44 years of age 35% of U.S. native-born residents are between 18-44 years of age MARRIAGE AND DIVORCE 58% of foreign born aged 15 and older are married, compared with 47% of native born. EDUCATIONAL ATTAINMENT 27% O 66% of Asian immigrants are married of immigrants have a bachelor's degree or higher, compared with 28% of natives. of Latin American 54% immigrants are married. 49% of foreign born are separated of Asian immigrants have a bachelor's degree or higher. 11% or divorced, compared with 14% of native born. EMPLOYΜΕNT 68% of immigrants participate in the labor force, compared with 64% of native born. LEADING THE WAY IN MATH AND SCIENCE Although immigrants represent 12.9% of the U.S. population, they represent 20.9% of residents with a bachelor's degree or higher in the science and engineering fields. The foreign born represent: of bachelor's 33% degree holders in engineering fields of bachelor's degree 27% holders in computers, mathematics, and statistics of bachelor's degree 24% holders in physical sciences, and 17% in biological, agricultural, and environmental sciences IMMIGRANT-OWNED BUSINESSES AT A GLANCE Non-Immigrant Immigrant 9.3% Averages Business Ownership Rates Sales and Receipts Number of Employees 10.5% $610,000 $434,000 11.9 8 LEADERS IN GROWTH, INNOVATION, AND JOBS $429,000 $253,000 4.4% Payroll 7.1% Export Goods Exports at 20%+ of sales <1% 3.2% New business creation is associated with growth, innovation, and jobs with immigrants leading the way. START-UP CAPITAL Immigrant Non-Immigrant 52% 59% <$5,000 $50,000 or more 20% 16% $65,866 Average Start-Up Capital Source of Start-Up Capital $67,704 Personal/Family Savings 65.9% 63.3% None Needed 20.5% 22.1% Credit Cards 11.1% 11.0% Bank Loan 8.3% 11.2% 6.9% 5.6% Home Equity Loan Other Personal/Family Assets 6.4% Loan from Family/Friends 8.3% 3.2% 2.6% Government Loan 0.6% 0.7% Government Guaranteed Loan from Bank/Institution Venture Capital 0.6% 0.7% 0.3% 0.3% 0.2% 0.2% Grants Other 2.0% 1.9% AREAS OF OPPORTUNITY Fewer immigrants own a home, compared with non-immigrants. Experts believe that home ownership increases the possibility of obtaining business loans because of greater personal wealth (home equity). On average, U.S. immigrants tend to be younger, gainfully employed, although they make slightly less money, live on the East and West coasts, and are more likely to get and stay married. Also, the vast majority of foreign-born residents arrive from Asia and Latin America, together comprising 81.3% of all immigrants. LEADING THE WAY They also lead the way in forming new businesses and attaining degrees in lucrative fields, such as science and engineering. 52.1% AREAS OF OPPORTUNITY of immigrants own a home, compared with 70.8% of Areas for opportunity include learning about and utilizing all types of funding for starting and growing a business and buying a home. non-immigrants. Immigrant and non-immigrant entrepreneurs: For more information, visit www.creditdonkey.com/blog/business/ TM Sources: U.S. Census Bureau; U.S. Census Bureau American Community Survey; U.S. Small Business Administration (SBA); SBA Office of Advocacy CreditDonkey CreditDonkey.com helps small business owners with "donkey-proof" (easy to understand) financial tips and deals. Africa Asia 28.2% Europe 12.1% Latin America Caribbean 53.1% 2 % Oceania 0.5%

CARPE DIEM

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Although immigrant represent just 12.9% of all U.S. residents, according to the rU.S. Census Bureau, They lead the way in business start-ups and in attaining degrees in lucrative fields, such as scien...

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