American companies founded by Ukrainian immigrants generate nearly $60 billion in annual revenue in the US and create about 300,000 jobs. Roughly 40% of that revenue comes from the IT sector, according to a new report from the ISE Group.

Scroll.media highlights the most notable findings.

Key Observations

• Researchers identified and verified 2,270 Ukrainian-American companies across all 50 states and surveyed a network of more than 45,000 diaspora businesses.
• Collectively, these companies generate $55–58 billion in annual sales, pay about $24 billion in salaries, and contribute $8–9 billion in federal, state, and local taxes — comparable to the annual budgets of several US states.
• The largest labor-market sector is IT, which includes software developers, IT consulting firms, and product engineering companies. It accounts for 43.5% of surveyed businesses.

• IT companies support approximately 130,000 US jobs and offer some of the highest wages — roughly $40–$ 50 per hour. The IT sector alone generates more than $11.5 billion in annual payroll.

• In the tech sector, personnel costs typically make up about 50% of revenue. Given the approximately $11.6 billion annual payroll among diaspora tech companies, this implies about $23.2 billion in yearly revenue from IT alone.
• Overall, the IT industry represents the largest share of Ukrainian-American business revenue in the US, thanks to its large workforce and high productivity, accounting for around 40% of the total.
• Застосовуючи консервативні показники чистого прибутку за галузями, дослідники оцінюють, що підприємства, які належать українцям, отримують приблизно $5,1 млрд колективного річного чистого доходу (прибутку). Іншими словами, приблизно 9% від ~$56 млрд доходів фірм діаспори залишається як прибуток після покриття всіх витрат — це розумна загальна маржа, що відповідає типовим малим і середнім підприємствам.
• І тут технологічний сектор знову-таки є провідним внескодавцем: з припущенною маржею прибутку ~12%, технологічні компанії становлять приблизно $2,8–3,0 млрд від загального пулу прибутку.

Entrepreneurs, Startups, and Investments

• Ukrainian diaspora entrepreneurs have consistently found ways to mobilize capital and build companies, even with limited resources. The latest wave of Ukrainians arriving due to the war (2014–2025) faces similar constraints.
• Still, early indicators suggest strong entrepreneurial potential: surveys indicate that many were business owners or self-employed individuals in Ukraine before the war. Forecasts indicate that this group could launch 18,000–27,000 new businesses in the US over the next few years, with approximately half of these expected to remain active in the long term.
• Technology and IT companies founded by members of the Ukrainian diaspora have collectively raised over $25 billion, significantly outpacing other sectors.

The study was conducted by the ISE Group Analytical Center in partnership with the Ukrainian-American Chamber of Commerce and Industry (UACCI). The full report is available here.