Foreigners who wish to start up a business in the US can’t do so. They either have to shell out 500,000 or 1 million dollars for the investors visa, or go be petitioned by an employer, be stuck for up to or even over 6 years, get a green card, quit after some time, before they can open up their business. This has been an issue for advocates of immigration reform since a lot of foreigners are entrepreneurial. In fact a big percentage of businesses in the Stats are started by foreigners.
The issue of employment though may provide a common ground for those who used to be against it, and those who are for it.
Employment has been a concern that the U.S.—known by many as the land of opportunity—has been experiencing for years now. For the past few years, the country has had increased employment as one of its goals since more and more citizens are without jobs. And withincreasing population in the country, unemployment is becoming one of its major concerns.
But contrary to what some citizens in the country believe, having immigrants in the country is not always an added problem. In fact, according to a Kauffman Foundation report, those foreign-born entrepreneurial types entering the country could create a huge number of jobs for everybody. This report is backed by what the National Foundation for American Policy reported showing that immigrants co-founded almost half of the top 50 top venture capital start-up ideas for 2011.
With the ongoing overhaul of our immigration system, it should be inevitable that a start-up visa would be passed. It benefits both the ambitious foreigner and the United States as well.
Source: The Next America
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