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Greg Siskind on Immigration Law and Policy

NFAP: TIME FOR AN ENTREPRENEUR VISA

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Stuart Anderson, one of the top thinkers on immigration policy, has written a new paper for the National Foundation for American Policy entitled "A New Immigrant Entrepreneur Visa Aimed at Job Creation in America". Unlike the EB-5 investor visa, this one would be aimed at encouraging start up businesses that create jobs as opposed to looking stictly at maximizing the dollars invested. Here's the quick summary:



In designing the new immigrant visa, the key is to avoid the type of high capital requirements ($500,000 or more) present in the current immigrant investor visa category or other immigration proposals. The average startup company begins with only approximately $31,000. Establishing large minimum capital requirements unnecessarily prevents new businesses from being formed. Entrepreneurs often start with little capital, relying primarily on revenue streams from customers or clients to hire employees and fund expansion. Under the new visa category, a potential immigrant would submit a business plan to be evaluated by the Small Business Administration and upon judging the ability of the business to employ three or more U.S. workers (non-relatives) the individual would receive conditional permanent residence. That would allow the entrepreneur to enter the United States or adjust status if here on a temporary visa. The conditional status would be removed and the green card awarded after two years if the individual satisfied the terms of the new EB-6 (employment-based 6th preference) visa by creating the required jobs. U.S. Citizenship and Immigration Services adjudicators and State Department consular officers would be responsible to ensure an individual's admissibility and conduct background and security checks.



The smartest part of this is also letting the Small Business Administration take the lead in evaluating the business merits of the start up plan. One of my biggest complaints about USCIS is that individuals with zero expertise are making expert judgments on all sorts of cases. Should USCIS examiners decide who has extraordinary ability in the arts? Should they be determining whether a scientist's work is in the national interest? Or should those cases be handled by agencies like the National Endowment for the Arts and the National Science Foundation?


Stuart sums up the benefits of the proposal in a column he's written for Forbes. And if you have a subscription to the Wall Street Journal's web site, here is another story on the proposal.

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Comments

  1. George Chell's Avatar
    Obama wants to tax corporations that move jobs abroad. Why does not he suggest a visa for folks who create jobs in America?
  2. Adi's Avatar
    "Obama wants to tax corporations that move jobs abroad. Why does not he suggest a visa for folks who create jobs in America?"

    Obama believes that Americans can supply for all the shortage of talented workers, if they are properly trained in schools. Remember that comment on how he was against importing nurses? He wants them trained here. He wants schools/colleges (which lack funds and teachers) to train students and provide the talent.
  3. Stephen Parnell's Avatar
    Is this visa proposed as an addition to or a replacement for the EB-5 visa program?
  4. George Chell's Avatar
    "Obama believes that Americans can supply for all the shortage of talented workers, if they are properly trained in schools. Remember that comment on how he was against importing nurses? He wants them trained here. He wants schools/colleges (which lack funds and teachers) to train students and provide the talent."

    He is not putting his money where his mouth is. States have implemented draconian cuts in education. I have not seen Obama urging the states not to do so. Sad to say Obama is full of crap! And with the new GOP House (and possibley 50-50 Senate)Nobama will not be able to implement increases in any spending let alone school spending. I generally vote Dem but I am one of those folks who strongly disapprove of the job that Obama has been doing..of course I think Rahn Immanuel is to blame for most of the mistakes! If he does not straighten out the mess he will be a one term President.


  5. Jim's Avatar
    "Obama believes that Americans can supply for all the shortage of talented workers, if they are properly trained in schools. Remember that comment on how he was against importing nurses? He wants them trained here. He wants schools/colleges (which lack funds and teachers) to train students and provide the talent. "

    In some aspect I think he is right but I think it is only limited to certain occupations. At least in my opinion. Service-oriented and hard labor jobs - includes doing graveyard shifts or unorthodox schedules and of course "dirty jobs" such as picking fruits and vegetables is not what most Americans want to do and would rather line up for unemployment benefits than do. That's just a fact no matter how other people denies it.

    Also read recently that US also has a shortage of truckers. And that's on a weak economy.
  6. Jim's Avatar
    Correction: that should be "do NOT want to do" rather than "want to do"

  7. George Chell's Avatar
    "In some aspect I think he is right but I think it is only limited to certain occupations."

    Not with cuts in education spending. He can think what he wants but if the future GOP Congress (at least the House) does not approve, it is the end of the story. Perhaps that is what the GOP wants...to move more jobs abroad, drain tax revenues and impose draconian cuts on social security and medicare!
  8. Legal and no longer waiting's Avatar
    George, Obama has been putting a lot of emphasis on education. He is not a monarch, though, and he can't tell states to spend more on education. There is a lot of limits to his power, and he is NOT the most powerful person in the world despite what the talking heads tell us.
  9. George Chell's Avatar
    "George, Obama has been putting a lot of emphasis on education. He is not a monarch, though, and he can't tell states to spend more on education. There is a lot of limits to his power, and he is NOT the most powerful person in the world despite what the talking heads tell us."

    The consequences are the same. We are not educating Americans as was promised which means a lot more shortages in the future!

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