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  #436  
Old 08-21-2009, 06:19 PM
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Default World's Most Successful Immigrants

World's Most Successful Immigrants: Immigrant Bosses Around the World - BusinessWeek
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  #437  
Old 08-21-2009, 06:29 PM
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Question article says illegal immigrants become corporate bosses??

its strange. the argument that legal employment based immigrant use to make a case that -
the set of highly educated, qualified legal employment based immigrants have been seed innovators and enterpreneurs who actually create thousands of American jobs rather than take away, is misused in this article for the advantage of illegal immigrants .

read 1st para. -
"President Obama wants to turn many of these illegal immigrants into citizens, but the shaky economy and high unemployment rate make such liberalization of policy a hot-button issue. This despite the fact that immigrants run many of the top companies in the U.S. Here's a look (arranged in alphabetical order) ..."
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  #438  
Old 12-13-2010, 12:22 PM
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Default The Startup Case For Immigration Reform

The Startup Case For Immigration Reform - Maureen Farrell - Scaling Up - Forbes

It’s not just Google that’s worried about attracting and retaining top technical talent. However, the search giant’s recent 10% raise for all its employees is a leading indicator of the talent and compensation war surging through Silicon Valley, and among tech startups around the US.

“It’s the worst I’ve seen since the late 1990s,” says Bessemer Venture Partner’s David Cowan, who estimates that salaries for experienced engineers are up about 20% from before the crisis. Charles River Partners’ George Zachary says it takes between $90,000 and $100,000 to land even starting engineers compared to $75,000 to $80,000 just six months ago.

Of the dozen venture capitalists and CEOs I spoke to who are seeing this trend, nearly all say a business-friendly immigration policy could help them find talent to help them grow startups.

“Everyone of my startups has an issue with trying to fill out their engineering headcount plan,” says Cowan. “There are lots of talented engineers around the world. If we invited them to participate in our industry here in the U.S. we would see more Googles and Facebooks.”

Large and small businesses are lining up behind an immigration policy that would make it easier for entrepreneurs and high-tech professionals to come or stay in the United States. Congress did not move forward on comprehensive immigration reform before the midterm election. It has also failed to pass several of the more specific immigration proposals made in recent years. One of these, the DREAM Act, would have allowed alien students who graduate from college or served for two years in the military to stay in the US. Another, the Startup Visa Act, sought to give a visa to anyone who’s received $1 million in equity investment in their company and would create 10 US jobs.

Expect a concerted push to reverse what’s seen as a brain drain from big business and the venture capital industry. Jim Turley, the CEO of Ernst and Young who serves on Obama’s National Export Council, advocates a policy of what he calls “staple diplomacy.” Explaining it he said: “Whenever there’s a student from anywhere in the world who is walking across the stage from a leading university getting his or her PhD or masters we should staple a visa there to him or her and say you’re welcome to stay.”

Immigration proponents cite studies by Duke Professor Vivek Wadhwa, who determined that immigrants created a quarter of all technology and engineering firms founded in the U.S. between 1995 and 2005. Foreign-born nationals residing in this country were part of nearly one-quarter of patents filed in 2006.

Right now entrepreneurs and businesses have two options to bring highly skilled international residents into the US: the EB-5 visa and the H1B visa. With the EB-5 visa, immigrant investors can obtain a green card if they invest $1 million into a new or existing business and create at least 10 jobs. Less than half of last year’s 10,000 EB-5 slots were filled. Eleanor Pelta, the President-Elect of the American Immigration Lawyers Association and a partner at the law firm Morgan Lewis in Washington says foreign nationals are wary of using these visas to start a new business because if a business runs into trouble and the company doesn’t employ 10 workers two years later, the investor will lose his or her provisional visa. “It’s a dicey proposition because you have to use your own money or secure it with your own assets and you might not get a visa at the end of it anyway,” she says.

The H-1B visa is for highly skilled foreign workers who will fill jobs that Americans can’t. US companies must sponsor these visas. The US caps this visa category at 65,000 individuals and it’s nearly always oversubscribed. Cleveland immigration attorney David Leopold and current President of the American Immigration Lawyers Association expects that this fiscal year’s (staring on October 1, 2010) visa slots will be filled by January of 2011. “So from January through next October, no companies can bring in skilled workers on these visas.”

The United States’ Chief Technology Officer Aneesh Chopra says President Obama has tried to lower administrative barriers for bringing foreign nationals into the US for professional development. “In his first year the President wanted to make sure scientists around the world who wanted to visit the US to participate in conferences and seminars could do that,” says Chopra. “We have streamlined that process and efforts so they can participate in ways that are a lot more friendly to their participation.”

Many in Silicon Valley question how well even that move has worked. New Enterprise Associates Scott Sandell who invests in companies in Silicon Valley and China says it’s hard to bring in top executives from Chinese firms to meet with executives from his US companies. “Immigration agents are more overwhelmed and seem to have more trouble processing applications than they ever have,” says Sandell, noting that it’s been worse in the past six months.

Still both Chopra and Undersecretary of Commerce Francisco Sanchez say that Obama will put political capital behind immigration reform in the next Congress. “We are obviously committed to comprehensive solution for immigration reform,” asserts Chopra. “There are clear areas of consensus in this country around reform, and areas of high-growth entrepreneurship clearly might be one that we can take action on sooner.”
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