New research into Australia's small business sector predicts migrant-run businesses will create up to 200-thousand new jobs in the next five to 10 years.
The C-G-U Insurance Migrant Small Business Report surveyed more than 900 business owners, finding migrants run a third of all small businesses in Australia.
C-G-U spokeswoman Kate Wellard says more than 1.4 million Australians currently work for migrant employers.
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.
According to the C-G-U report, the main motivator for migrants starting up their own businesses was greater independence and because they couldn't find other work.
Share
