Foreign Entrepreneurs Finding the American Dream

It's hard enough to start a small business in your own country, let alone in a foreign land.

However, there are countless entrepreneurs who've found success after immigrating to the U.S. with little more than an idea for a business. It's the old story of the American Dream.

According to a May 2007 study by the Ewing Marion Kauffman Foundation, incoming Asians, Latinos and others outpaced native-born Americans in entrepreneurial activity last year. The immigrant rate of entrepreneurial activity increased from 0.35% in 2005 to 0.37 % in 2006; similar to previous years, this rate was substantially higher than that for the native-born population (0.27%).

Finding Opportunity

Russian immigrant Alex Konanykhin, 40, ran a successful banking and investment business in Russia but was kidnapped on a business trip to Budapest in 1992. He managed to escape, decided to come to the U.S. and eventually was granted asylum here. ...