Giving Green Cards to Immigrants who Create Jobs Makes $ense!
How do we create more jobs in the US? One way is to offer US citizenship to entrepreneurs from other countries to get them to start their companies here instead of in their home countries. Think about Sergey Brin, Jerry Wang, and the many other immigrants who started some of the biggest high tech firms here…we need to bring more of the people who start companies like this to our shores.
An idea I heard about years ago is gaining big time traction, and it’s a good thing. In the WSJ tonight I read that a new policy will begin pushing a new plan to make it easier for immigrants who want to start companies in the US to get H1B visas and the green cards they need to legally live here.
The changes in immigration policy, which thankfully don’t require approval from Congress, “could yield tens of thousands of start-ups and hundreds of thousands of jobs,” said Vivek Wadhwa, a visiting scholar at Berkeley.
It used to be that immigrant entrepreneurs had to have job offers to stay here. Many would leave with their complicated ideas and set up companies elsewhere. But now they will be eligible for EB-2 immigrant visas if they demonstrate that their business endeavors will be in the US national interest, and invest at least $500,000 and create at least 10 jobs.
Many immigrants have gotten advanced degrees here and then moved back home to India or other countries. India, too is fighting to get these brilliant graduate school scientists and risk takers, so it’s a bidding war. This new law is designed to keep them here, and is a good example of some of the behind the scenes work that Obama should be credited for.
September 7, 2011 @ 2:48 pm
Hey, Max! just snooping around your recent writings adn travels. you sure are a busy guy!
As ever the proofreader– who the f*** is Jerry Wang? Wang Labs was started by Dr. An Wang. maybe he is Vera’s husband!
Anyway, I read a great travel article in our paper about San Pedro Sula, and the Lenca pottery trail which leads up to Gracias, Honduras, and think I’ll send it to you. very nice writing also.
hope things are well for you all, Cindy, Kate, Cisco, and how many grandkids now? still at 9 Mountain Road, not washed away by the Vermont hurricane? I am truly sorry about the employee problems, they were sure a nightmare for me.
Funny too how Northfield seems to be stuck in a time warp of the favorable kind, pastoral, sleepy, and still just the intercrossing of a few two lane asphalt roads coming from and leading to nowhere except occasional four corners.
all’s okay in Miami, wife is phenomenal, kids chugging along.
Catch you soon, Max.