A new Kauffman Foundation study finds that entrepreneurial activity increased in 2008. The press release and the study highlight the variable trends beneath the aggregate figures, but here's what jumped out at me: immigrants continued to found new businesses at higher rates than natives.
Most of the noise in the econo-blogosphere around immigration has concerned H1B visas and the turning away of high-skilled immigrants. But as I've noted before, we can't ignore the lower-profile immigrant entrepreneurs.
As an aside, it will be interesting to note the detailed NAICS breakdown of new firms once all the data becomes available. Our study has the general industry categories (e.g., construction, services) but not the more detailed information.
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