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Immigrants own half of the US million dollar companies | ||
The immigrants own the start-up businesses in the United States worth one billion dollars; the entrepreneurial prowess of the immigrants is largely useful to the United States in driving the economy. EB-5 the popular investor program of the United States received a massive response from the entrepreneurs of the world. The National Foundation for American Policy revealed astonishing facts about the entrepreneurial activities of the immigrants and their great ability to run the firms efficiently. The numerous sources have urged the US Government to encourage immigration through various policy initiatives. The total value of the immigrant investors in the United States is much high compared to the American citizens. It is astonishing fact that the immigrants are making it more than what it is expected, one billion dollars worth 44 companies have been established in the United States, it amounts to 51 percent of the total startups set up in the nation. The policy analysts must think before framing the policies; they need to understand the global competitiveness and change accordingly to strengthen the economy. It takes ten years to the immigrant to qualify for setting up a business in the United States. The qualified individuals must work for ten years abroad to apply. The immigration system has to be changed to facilitate foreign nationals to apply for the various visa programs that would encourage them to invest in the American economy. The United States Immigration Services annually grants over 65000 H1B visas for skilled professionals. The valuable contribution of the immigrants is very high, and the US must make policies to enable them to move freely in the United States. Immigration is important to the economies that are highly competitive; the beauty of the American land is that the immigrants have excelled in all walks of American life. India’s success in the United States is highly appreciated the number of visas absorbed by the Indians in the popular technology sector visas of the United States is commendable. |
Posted On 13 Jun 2020
Posted On 12 Jun 2020
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