Monday, October 8, 2007, 12:52pm
A Duke University study published this year found that foreign-born entrepreneurs were behind one in four American technology start-up companies from 1995 to 2005 and generated 450,000 domestic jobs in 2005.
Among the technology companies founded by foreign entrepreneurs are Sun Microsystems Inc., Intel Corp and Google Inc.
The study pointed out the contributions foreign entrepreneurs make to the American economy. It found that 25 percent of the companies founded in those 10 years had at least one senior executive — a founder, chief executive, president or chief technology officer — who was born outside the United States. The study was based on telephone surveys of 2,054 companies. In 2005 immigrant entrepreneurs’ companies generated $52 billion in sales.
Those "lazy immigrants" are really creating jobs, stimulating the economy and pushing the technological envelope.