Immigrant women are starting businesses in the United States at a far higher rate than native-born women, according to a report by Intuit released this week.
Over the past three years, 310 of every 100,000 immigrant women started a business, compared to 220 of every 100,000 native-born women — a difference of 41 percent, the report said. According to the report, immigrant women are more likely to start their own business in order to have greater flexibility in raising children, to avoid barriers found in traditional jobs, or to make use of skills that aren’t in demand in the corporate world.
Immigrant women also tend to have advantages in the global marketplace, such as language skills and stronger connections with foreign suppliers and customers.
Most local governments and state governments as well as the Small Business Administration have guidelines for lending to minority or women owned businesses. More information can be found on www.sba.gov. If you are an immigrant female and have a great idea for new business, don’t wait, call the Small Business Administration today and join the many who will further their dreams today.