Immigrant: Immigrant Entrepreneurs and Convenience Stores

immigrant: Increasingly, they bring creative destruction to our knowledge sector, according to Globe and Mail. Data now reveals that Canadian immigrant entrepreneurs are more likely than others to innovate, invest in research and development and introduce new products. Entrepreneurial immigrants do more than open convenience stores, ethnic restaurants or dry cleaners – the businesses many people may think of when they think about immigrant entrepreneurs. Immigrant entrepreneurs are not just diversifying our choice of products in Canada; they are also better at diversifying our exports. While Canadian businesses are notoriously risk-averse and concentrate their exports to the United States for ease of doing business, immigrant entrepreneurs challenge this corporate culture and are far more likely to seek out new markets beyond our southern neighbour. In a highly competitive global environment where Canadian firms must take advantage of rising purchasing power in more populous countries, pursue new and untapped markets to reduce risks from fluctuations in the domestic market, and find younger demographics in foreign markets, immigrant entrepreneurs are proven to be highly successful at this more than other Canadians. (www.immigrantscanada.com). As reported in the news.