"Immigrant entrepreneurs" refers to individuals who have migrated to a new country with the intention of starting or running their own business. They are a particular group of immigrants who bring their entrepreneurial skills and ideas to create businesses in their adopted country.
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However, Pashootan said the Canadian government has made it easier
for immigrant entrepreneurs with a visa program that links them to private sector organizations who are experts in working with start ups.
Those same VCs can also recount examples of
immigrant entrepreneurs who have been distracted, frustrated, and burdened by our antiquated immigration system that prevents foreign - born entrepreneurs from staying in the country to build their companies.
The VC trade group has spent much of the last year working to preserve carried interest tax benefits and protect
immigrant entrepreneurs from deportation.
Hohn wrote a January 2012 report titled «
Immigrant Entrepreneurs Creating Jobs and Strengthening the Economy,» in which she argued that in order for immigrants to thrive as entrepreneurs, Washington must make some substantive changes to the different types of visas offered to immigrant founders.
It also disqualified a number of people known as
immigrant entrepreneurs on the grounds that they had not technically founded their companies.
But increasingly, it is
immigrant entrepreneurs like Cha who are most willing to take the risk of starting a business — and without the growth of immigrant - owned businesses like Cha's, the recession would have been much worse.
As anyone who loves Thai food or appreciates the bounty of vegetables at Korean groceries knows,
immigrant entrepreneurs bring their adopted country new things that enrich all of our lives.
Dane Stangler, a director at the Kauffman Foundation, says that attempts by Congress to pass immigration reform — including the Start - up Visa Act — are essential for
welcoming immigrant entrepreneurs.
The seminal research on immigrants and diversity in Silicon Valley was conducted by University of California - Berkeley professor AnnaLee Saxenian, who published a paper titled «Silicon Valley's
New Immigrant Entrepreneurs» in 1999.
Meanwhile, Richard Herman, a Cleveland immigration lawyer and the author of Immigrant, Inc.:
Why Immigrant Entrepreneurs Are Driving the New Economy, claims nearly all of the net job creation in the past 20 years has come from companies less than five years old.
How Two Immigrants Built a $ 4 Million Business — and What It Teaches Us About Immigrant Entrepreneurs
«We're going to continue to push this administration, and frankly everyone in Washington to understand the merits of encouraging more, new company formation in the U.S., and to recognize the strong correlation
between immigrant entrepreneurs and successful companies.»
Welcome to the so - called «Reverse Brain Drain,» whereby tens of thousands of U.S. - educated high -
technology immigrant entrepreneurs are fleeing the U.S. each year out of frustration with our overly burdensome immigration system.
The NVCA argues that
immigrant entrepreneurs play a vital role in strengthening the U.S. economy, creating new jobs for Americans and pushing the boundaries of innovation.
Clearly, as a populace we're ready for any idea that might improve the overall economic picture, and the folks at the Kauffmann Foundation think they have one: Getting members of Congress to get off their butts and pass a startup visa to help bring
more immigrant entrepreneurs into the country.
With the continuous drop in approval in such a short time, it's not surprising that many entrepreneurs,
particularly immigrant entrepreneurs, are acting out in their own way to protest their distaste for the current presidential administration.
«Because [that research] concentrates on the region of the United States in which high -
tech immigrant entrepreneurs are most likely to be found, one can not generalize easily from it» to the rest of the country, Hart and Acs write in a paper titled «High - Technology Immigrant Entrepreneurship in the U.S.,» which is forthcoming in Economic Development Quarterly.
«New immigrants who aren't used to having credit cards tend to use it only for emergencies,» says Nick Noorani, a Vancouver -
based immigrant entrepreneur who gives workshops on the secrets of immigrant success in Canada.
Would he have been likely, as President Obama's oration implied, to join an iconic group
of immigrant entrepreneurs and job creators?
Update: The Department of Homeland Security has officially enacted the rule, outlined below, which aims to ease the ability
for immigrant entrepreneurs to startup in the U.S..
Henry J. Chang's Canada - US Immigration Blog Citizenship and Immigration Canada Announces Start - up Visa Program On January 24, 2013, Citizenship, Immigration and Multiculturalism Minister Citizen Jason Kenney (the «Immigration Minister») announced that Citizenship and Immigration Canada («CIC») would launch a Start - Up Visa Program to recruit
innovative immigrant entrepreneurs who will create new jobs and spur economic growth.
Namely, it can take a decade or more for highly trained workers or
immigrant entrepreneurs who create fast - growth companies and jobs to get long - term work status and citizenship.
As
an immigrant entrepreneur, I'm going to continue with business as usual.
In the coming decade,
immigrant entrepreneurs will continue to play a crucial role in the small business community.
As
an immigrant entrepreneur, I didn't grow up going to Disney World.
Immigrant entrepreneurs are the epitome of the American dream.
Despite their numbers,
immigrant entrepreneurs must navigate a sea of obstacles beyond the normal challenges that all small business owners face.
Amid reports of the damage brain drain inflicts on the economy, Senators John Kerry, Democrat of Massachusetts, and Richard Lugar, Republican of Indiana, Wednesday introduced the Start - up Visa Act, which would open up the U.S. to
immigrant entrepreneurs.
In a letter of support, they complained that «it is often impossible» for
immigrant entrepreneurs to get a visa to stay in the U.S. «Even in cases where the founders already have a visa of some sort, they typically can't use this visa to start a company.
We have always been a nation of opportunity, and
immigrant entrepreneurs have impacted our economy in massive ways.
Immigrant entrepreneurs are also uniquely qualified to create innovative business models that tap into the «hidden» needs of immigrant consumers in the U.S. Anurag Jain, a native of India and the co-founder of Prepay Nation in Berwyn, Pennsylvania, is a case in point.
As a result,
immigrant entrepreneurs that intended to use the rule have, or will be, harmed, the NVCA argues.