New research into Australia's small business sector is challenging the perception that migrants are a drain on the economy.
The CGU Insurance Migrant Small Business Report surveyed more than 900 business owners, finding migrants run a third of all small businesses in Australia. Far from taking up existing jobs, the report predicts migrant-run businesses will create up to 200-thousand new jobs in the next five to 10 years.
According to the new report, although 83 per cent of migrant business owners had never run a business before, they're more successful, earning 53 percent more revenue than non-migrant-run businesses.
CGU spokeswoman Kate Wellard says more than 1.4 million Australians currently work for migrant employers.
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