Should-Read: Kristie De Peña: Entrepreneurial Visas

Should-Read: It is hard for me to see why anybody who is not a white nativist would be opposed to this—and thus hard to see why it has not already become law—unless you take a very pessimistic view of the present and future shape of the Republican coalition indeed…

Kristie De Peña: Entrepreneurial Visas: “Some of the most powerful and effective innovators are immigrant entrepreneurs looking to capitalize on the unique opportunities the United States offers… https://niskanencenter.org/wp-content/uploads/2017/07/EntrepreneurialStartupVisas.pdf

…Immigrants are twice as likely to start a business, and immigrants and their children created 40 percent of the Fortune 500 companies. Forty-two spots on the Forbes 400 list are occupied by U.S. billionaires from 21 foreign countries, who have a combined net worth of $250 billion…. Unfortunately, the only opportunity for most foreign entrepreneurs to come to America to start is a business is to secure an H-1B visa and launch a venture on the side—a notoriously difficult endeavor—or to secure work authorization through a family visa. Just 85,000 H-1B visas—20,000 of which are reserved for master’s degree holders—are granted annually, but the past few years have seen increasing demand… for the fifth consecutive year, the cap was met within five days…. We need a new visa that makes it easier for entrepreneurs to contribute positively to the economy…