Almost half of Fortune 500 companies were founded by American immigrants or their children

These 216 companies produced $5.3 trillion in global revenue and employed 12.1 million workers worldwide last year, spanning a wide range of industrial activities — though half are in the high-technology, wholesale and retail trade, and financial and insurance sectors.

These iconic immigrant-founded American companies come from a broad range of geographies, too. Sixty-eight metropolitan areas and five non-metropolitan areas spread across 33 states are headquarters to Fortune 500 firms founded by an immigrant or the child of an immigrant.

The New York, Chicago, San Jose, Houston, and Dallas metropolitan areas are headquarters to the most, with at least eight such companies in each. On a population adjusted-basis, metro areas with the highest density include the Northern Chicago suburbs (Lake County-Kenosha County), San Jose, Cambridge, Bridgeport-Stamford, and Richmond.

Among states, New York, California, Illinois, Texas, and Virginia have the most, as each are home to at least 13 immigrant or child-of-immigrant founded Fortune 500 firms. Delaware, Connecticut, New York, Virginia, and Illinois have the most on a population-adjusted basis.

The evidence on immigrants, entrepreneurship, and economic growth is clear. Now it is up to Congress to take action — first by joining the rest of the advanced economies in creating a visa for high-potential entrepreneurs, and second by ensuring the safety and legality of DREAMers to stay and thrive in the only country they call home. During a period of slow growth, declining startup rates, and anemic productivity gains, the United States cannot afford not to.

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