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.
Not exact matches
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.
After two years, if the
immigrant entrepreneur can create five or
more jobs (hiring his or her children or spouse is not included), attract an additional $ 1 million in investment, or produce $ 1 million in revenue, he or she can become a legal resident.
«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.»
A Kauffman study reveals
immigrants are
more likely to be
entrepreneurs vs. native - born Americans.
In fact,
more than half of U.S. companies valued at over $ 1B were founded by
immigrant entrepreneurs.
Any one of these would help address the skills gap — the inability of willing employers to find workers with the right skills and qualifications — by enabling qualified, job - creating
immigrant entrepreneurs to open
more U.S. businesses.
More than half (52 %) of Silicon Valley
entrepreneurs are
immigrants, wrote Paul Kedrosky and Brad Feld in a Wall Street Journal editorial last Wednesday.