For a business owner, obtaining the right information is as important as finding the right location, or getting the best price.
The Small Business Development Center in New York is one of only a few SBDCs in the U.S. with a full-time library (which we call the Research Network). Its services are available for free, but only to New York SBDC clients.
The Office of Advocacy, an independent office within the Small Business Administration, has released a report investigating the differences in STEM entrepreneurship between U.S.-born and foreign-born college graduates. The study finds that differences in educational attainment along with differences in the distribution of U.S.–foreign-born demographic characteristics explain most of percentage the gap. Among immigrants who earned their highest degree in the United States, the rate of STEM entrepreneurship is almost 4 percentage points higher than for otherwise-similar native-born citizens.
The report is titled Imported Entrepreneurs: Foreign-Born Scientists and Engineers in U.S. STEM Fields Entrepreneurship and is written by the noted economist, Margaret Blume-Kohout. It suggests several opportunities for policymakers interested in spurring new business creation and startup employment in new ventures focusing in STEM fields.