A listening period for the Department of Homeland Security’s plan to end the International Entrepreneur Rule ended June 28. That leaves lingering uncertainty about the future of the International Entrepreneur Rule, an Obama-era program that aimed to enable qualifying startup founders to move to the U.S. and grow their businesses.
To provide more context on the role such founders play in establishing high-growth companies in the U.S., we looked to a 2016 study on immigrant entrepreneurs and billion-dollar U.S. startups. The study was published by the National Foundation for American Policy, a think tank that says it’s “focused on immigration, international trade and other issues related to globalization and the economy.”
Here’s what the study showed:
Of 87 venture-backed, privately held U.S. startups valued at $1 billion or more in 2016, 44 were founded or co-founded by immigrants, according to the study.
India ranked No. 1 as the country of origin for these founders, contributing 14 entrepreneurs who helped establish billion-dollar U.S. startups. Canada and the United Kingdom tied for second on the list, with eight apiece.
Beyond creating companies with soaring valuations, these immigrant founders also have created thousands of jobs, the study showed: