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PSB Newshour reported this piece earlier in the week. It is a story that should inspire the… http://wp.me/snUdD-3604
PSB Newshour reported this piece earlier in the week. It is a story that should inspire the US to have our own Startup Visa. While there has been various versions of the Startup Visa over the last few years, none have been as liberal as the Startup…
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Tahmina quoted and referenced in study by Competitive Enterprise Institute!
The Competitive Enterprise Insitute based in Washington DC released a study titled “America Still Needs a True Entrepreneurship Visa” authored by David Bier. The study discusses the need for a visa for immigrant entrepreneurs. It also analyses the…
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Dan Afrasiabi: Immigration Reform and the Future of the GOP
It seems like more and more, thought leaders from the right are recognizing and vocalizing the importance of immigration reform to the future of the Republican Party. The latest issue of The Economist contains an article that correctly explains the dangers of being viewed as the anti-immigrant party (http://www.economist.com/news/leaders/21580463-fixing-americas-broken-immigration-system-would-be-good-countryand-republican?fsrc=scn/tw/te/pe/fencesgoodsense).
It's just amazing that the GOP has not been able to unify its platform around this issue, given the beating that it took from the minorities in the last elections.
StartUpLawTalk Workshop: Invest Visa Provisions- Come Discuss!
Calling all immigrant entrepreneurs! Come discuss the Invest Visa (Startup Visa Act) provisions! See you below.
STARTUP ACT (INVEST VISA) PROVISIONS RELEASED! LEARN HOW IT AFFECTS YOU!
May 13,2013 – Time: 5:30 pm – 8:00 pm
A bill for Comprehensive…
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Policy Discussions: Startup Visa Act
Among the major policy considerations we're looking into this semester in the clinic are the various issues affecting immigrant entrepreneurs, including the proposed (but stalled or abandoned) Startup Visa Act.
Current policy governing employment-based immigration to the United States is very unaccommodating to immigrant entrepreneurs. This affects our clients, and startups in general, as many startups have one or more founder who is foreign born, and current regulations do not allow founders to self-employ for the purposes of seeking employment-based visas to live and work in the United States.
One way to affect change in this area could be to encourage passing legislation that would permit a specific Startup Visa tailored to the needs of foreign-born founders. The downside to this approach is that it is viewed by many as a patchwork response to the greater issue of comprehensive immigration reform.
By Alex O'Sullivan-Pierce
Let The Best In!
It's so nice to see all of the recent dialogue on the insanity of our post 9/11 immigration policy. Most importantly, it's great to see people taking somewhat politically incorrect positions encouraging us to have a "discriminating" immigration policy. This week's Slate article, entitled "Let in The Super Immigrants" is case in point! http://www.slate.com/id/2293628/pagenum/all/#p2.
It's also refreshing to see our policy makers putting this issue on the forefront. We need to applaud President Obama for taking a common-sense position on this issue, without giving in to the political extremes. It's time to recognize the benefits of attracting, educating and keeping the world's most intelligent, creative, risk-preferring people.
This is not necessarily about our idealistic vision of software genius from India, either. It's also about the immigrants who start delis, dry cleaners, gas stations and car washes. It's about people who bring risk capital and entrepreneurial spirit to this country. It's about the Greek immigrant who starts a restaurant, the Korean immigrant who starts a fabric distribution business, and the Russian immigrant who buys a taxi company.
Should we be careful about who comes in to this country? Of course. That goes without saying. But should we make things so painful and complicated that people don't even want to go through the process? Of course not. More importantly, should we, as a society, foster an environment where immigrants once again view America as the "Shining Light on the Hill". This is not about immigrants who "take" jobs from our citizens. That's simply silly. The experience of the last 100 years has proven that America benefits from the influx of people who bring capital, spirit and work ethic to this country. This is about immigrants who bring patriotism, entrepreneurship and God forbid (!) money into our country.
While the Start-Up Visa debate has focused mostly on high-technology immigrant/entrepreneurs, I believe it's just as important to focus the debate on other types of entrepreneurs who want to come to the US to bring in capital, start businesses, create jobs and improve people's lives. In a 9% unemployment, $1.5 trillion deficit, declining real estate market environment, what can better than attracting and keeping the world's best?
Immigration, Entrepreneurship and the Dimming of Beacon of Dreams
A very interesting article in The Atlantic Online regarding the relationship between a more open immigration policy and economic growth (http://www.theatlantic.com/business/archive/2011/03/the-melting-pot-that-isnt-why-america-needs-better-immigration/72048/) The author, Richard Florida, looks at a variety of economic and social indicators, and compares them to various nations around the world and their immigration policy. Common sense tells us that if we can maintain (or according to the article, recapture) our position as the world's leader in attracting innovative, intelligent and energetic immigrants, then we will benefit greatly as a society. There are some very interesting statistics cited in the article, regarding the impact of immigrants on US economic innovation and productivity. According to the Vivek Wadhwa, whose commentary I follow, 25% of our global patents are attributable to immigrants, as are over 50% of the technology companies started in the Silicon Valley. More amazingly, immigrants account for almost 50% of the Ph.Ds in science and engineering in the US. The story quotes venture capitalist John Doerr as stating that the US should "staple a green card to the diploma" of immigrants as soon as they receive a degree in engineering. According to the article and accompanying charts (the charts can't be easily copied into this blog): "Nations that are more immigrant-friendly have higher levels of overall economic competitiveness. The MIPEX is closely correlated to the Global Competitiveness Index developed by Harvard Professor Michael Porter and the World Economic Forum (.48)." "Innovation is the underlying engine of economic development. And countries that are better at integrating immigrants are also more innovative. The MIPEX is closely correlated with the rate of patenting (.53)" "The ability of countries to integrate immigrants translates into higher rates of entrepreneurship as well. The MIPEX is closely correlated with a comprehensive measure of entrepreneurial activity -- the Global Entrepreneurship and Development Institute developed by Zoltan Acs and his collaborators (. 45)." According to this article, the US has lost its global leadership position in attracting the best and the brightest. If this is true, and the US is truly barely hanging on to a Top 10 spot in the effectiveness of its immigration policy, then we will suffer for it, not only in relative terms (relative to countries which do successfully attract the best and the brightest), but also in absolute terms and our contribution to the world's innovation declines.
