43% of Fortune 500 founded by immigrants or their children
About 43% of Fortune 500 companies were founded by an immigrant or a child of an immigrant, per a new study from the Center for American Entrepreneurship: That number is slightly higher within the high-tech companies on the list, at roughly 46%. The companies linked to immigrants are located in more than half of all states.
The backdrop: A battle is raging over the Trump administration's plan to rescind the International Entrepreneur Rule which grants temporary visas to foreign startup founders meeting certain criteria. Last week, a court blocked the Department of Homeland Security's attempt to delay the implementation of the rule.