Entrepreneurship/Innovation
U.S. Losing High-Skilled Workers to Australia, Canada, and China, Report Says
By Shelby Pasell. “As our competitors press ahead with strategic policies suited to a global century, how much longer can America afford to drift with an immigration regime built in 1965?” This is the question addressed in recent report by the Partnership for a New American Economy and The Partnership for New York City. According to the report, as other countries simplify and expand their immigration programs to attract entrepreneurs and high-skilled workers, the U.S. maintains an old system that makes it difficult for much needed workers to secure a visa. By 2018, the U.S. will face a projected shortfall of 223,800 STEM (Science, Technology, Engineering, and Mathematics) workers, but even for graduates of these programs, visas are limited and there is no secure path towards permanent residency. Read More
Administration Takes Step to Keep Talented Foreign Students in the U.S.
BY HEATHER M. STEWART, COUNSEL AND DIRECTOR OF IMMIGRATION POLICY AT NAFSA: ASSOCIATION OF INTERNATIONAL EDUCATORS. Current U.S. immigration law provides few options for foreign graduates of U.S. universities with degrees in science, technology, engineering, and math (“STEM” degrees) who want to stay here to contribute their skills and knowledge. Not enough American students are interested in these fields, even as employers regularly cannot find enough people with the high-tech and scientific knowledge and skills they need to fill available positions. Luckily for the United States, international students seek out these majors and excel in them. But increasingly, we lose these talented graduates to other competitor countries where immigration laws are friendlier. This is, of course, an enormous loss to the U.S. economy, as international students with STEM degrees often create successful businesses and jobs in the United States. Last week, DHS took a strong step forward by expanding the list of STEM fields for foreign graduates applying to training programs after graduation. Read More
Michigan Pushes Plan to Welcome Immigrants and their Revitalizing Power to State
While some states pushed for punitive immigration measures over the last year—measures designed to drive immigrants away —others, like those in Michigan, were busy putting together a plan that welcomes immigrants and their revitalizing power to the state. This month, leaders in Michigan—including state Rep. Rashida Tlaib (D-Detroit) and U.S. Rep. Hansen Clarke (D-Detroit)—helped launch “Welcoming Michigan,” a statewide initiative that seeks to welcome immigrants and their entrepreneurial talents to Michigan. Read More
Administration Takes Step Toward More Entrepreneur-Friendly Immigration Policy
BY TEJAS SHAH*. While the U.S. economy continues to recover at a sluggish pace, the administration continues to emphasize immigration reform’s critical role in promoting innovation and entrepreneurship in the U.S. This week, Cecilia Munoz, the Domestic Policy Council Director at the White House, spoke at a forum hosted by The Hamilton Project of the Brookings Institution about the administration’s commitment to immigration reform and easing pathways for foreign investors in the United States. Sadly, however, talented and dynamic foreign entrepreneurs seeking authorization to direct, operate, manage, or work for their investment vehicles often face tedious barriers. Easing these barriers would benefit our economy and enhance our ability to out-compete other countries in the modern global economy. After all, with out foreign entrepreneurs, we wouldn’t have such U.S. companies as Yahoo, Google, and Intel. Read More
Immigrant Tax Contributions and the Future of the U.S. Economy
When it comes to the topic of immigration, Tax Day is a reminder of two important and often-overlooked points. First, immigrants pay billions in taxes every year. This is true even of unauthorized immigrants. Second, the federal government spends billions of taxpayer dollars each year on immigration-enforcement measures that wouldn’t be necessary if not for the chronic inability of Congress to reform our badly outdated immigration system. In other words, there is a strong fiscal case to be made for immigration reform. Were the U.S. immigration system to be given a 21st century overhaul, we would likely increase the tax dollars flowing from the immigrant community, and we would spend far less taxpayer money on immigration enforcement. Read More
USCIS Convenes Summit to Consider Streamlined Path for Immigrant Entrepreneurs
By KIRSTEN SCHLENGER, MANAGING PARTNER AT WEAVER SCHLENGER MAZEL LLP. The business community has long heralded the vital role immigrant-owned startups play in creating American jobs. This month, it seems like someone at U.S. Citizenship and Immigration Services (USCIS) was listening. USCIS recently hosted its first in a series of summits dedicated to gathering expertise on how U.S. immigration law can enable foreign innovators to come to or remain in the U.S. lawfully while they start and grow businesses that benefit the U.S. economy. The informational summits, part of USCIS’s new Entrepreneurs in Residence (EIR) initiative, will result in the creation of a team of entrepreneurs and experts who are charged with designing and implementing USCIS policy that eases a path to the U.S. for talented immigrant entrepreneurs. Read More
Cato Institute Analyzes the Benefits of Immigration for the United States
The Winter 2012 issue of the Cato Journal is devoted to answering a single question: “Is Immigration Good for America?” In 13 articles, 16 scholars answer with a resounding “Yes!” The consensus is that immigrants provide a net benefit to the U.S. economy and to U.S. workers. There is also a consensus among the authors that the current immigration system, with its patchwork of arbitrary numerical caps, needlessly squanders the full economic potential of immigration. The authors call for a thorough revamping of the immigration system to make it more responsive to labor demand, to attract highly skilled professionals and entrepreneurs, and to offer a pathway to legal status for the unauthorized population. Read More
Following State of the Union, President Obama Needs to Follow Through on Immigration Reforms
The President’s State of the Union address this week re-iterated some of his key themes on immigration—support for comprehensive reform, dismay that DREAM Act students and foreign students educated in this country have no way to legalize their status, and a belief that he’s done enough to the secure the border. More importantly, he framed these themes in context to America’s economic recovery, innovation and growth. However, while any mention of immigration in the State of the Union is welcome, it’s what the President didn’t say that may have more of an impact on how his administration is remembered this year on immigration—and how his vision is measured by voters in the coming election. Read More
New Report Highlights Contributions of Immigrant Entrepreneurs to U.S. Economy
BY MARCIA HOHN, IMMIGRANT LEARNING CENTER At last night’s State of the Union Address, two immigrant entrepreneurs were among the President's guests—Japan-born Dr. Hiroyuki Fujita, founder, president and chief executive officer of Quality Electrodynamics (QED) in Cleveland, Ohio and Brazil-born Mike Krieger, co-founder of Instagram, a fast growing social mobile startup. Dr. Fijuita and Mike Krieger were rightfully recognized for their entrepreneurial drive and hard-earned success (both businesses are now worth millions of dollars), but they are just two examples of immigrants who came to this country and started businesses. There are many more unsung immigrant entrepreneurs whose U.S. businesses continue to create jobs for Americans and strengthen the U.S. economy. Read More
New Report Finds that Immigration Creates U.S. Jobs
Immigration creates jobs for native-born Americans. That is the fundamental finding of a new study from the American Enterprise Institute and the Partnership For A New American Economy, entitled Immigration and American Jobs. The study—authored by Madeline Zavodny, a professor of economics at Agnes Scott College—reinforces the findings of numerous other studies which have demonstrated that there is no correlation between immigration and unemployment. Specifically, Zavodny analyzes Census data with the aim of answering one pivotal question: “In states with more immigrants, are US natives more or less likely to have a job?” Zavodny focuses on two groups in particular: immigrants with advanced degrees, and immigrants of any skill level who are in the country on temporary visas. Read More
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