Top half of the Companies founded by Immigrants

June 27, 2012 § Leave a comment

National Foundation for American Policy (NFAP) research group proves how entrepreneurs spur US economy. Out of top 50 companies 23 companies had at least one immigrant founder or co-founder. 37 out of 50 companies have one immigrant in a key management position like Chief Technology Officer.

Copy of the report here:

Many of America’s greatest brands – Apple (Steve Jobs – Syria), Google (Sergey Brin – Russia), Intet (Andrew Grove – Hungary), AT&T & Verizon Communications (Alexander Graham Bell – Scotland),  Honeywell (Albert Butz – Switzerland), Goldman Sachs Group (Marcus Goldman – Germany), Colgate-Palmolive (William Colgate – England), Sun Microsystems (Vinod Khosla, Andy Bechtolsheim – India, Germany), Qualcomm (Andrew Viterbi – Italy), Yahoo (Jerry Yang – Taiwan), General Electric (General Electric – Thomas Edison), IBM (Herman Hollerith – Germany), Harley – Davidson (Williams S. Harley – England) and Walt Disney (Walt and Roy Disney – Canada) to name just a few – owe their origin to a founder who was an immigrant or the child of an immigrant.”

“It’s a gamble whether an entrepreneur should stay or leave right now, and that’s not how the immigration system should work,” said Mark Heesen, president of the National Venture Capital Association, on a call with reporters. “What we need is legislation that helps these entrepreneurs from outside the United States.”

Countries who have supplied most of the founders are from India, Israel, Canada, Iran and New Zealand. On an average they created 150 jobs in United States.

Young companies and their backers say the rules are too cumbersome and encourage non-U.S. citizens to launch start-up businesses elsewhere, or bog down companies in red tape if they commit to basing in the United States.

What is Deferred Action?

June 24, 2012 § 1 Comment

Deferred Action is effort by government not to continue deportation those you qualify certain criteria. Even thou this isn’t permanent solution.

Criteria include:

  1. Entered US before 16th birthday of the applicants.
  2. Continuous residence for least five years.
  3. Physical presence during the announcement was made (DREAM Act) i.e., June 15th 2012.
  4. Applicant should be at school or graduated from college and obtain GED (General Education Development).
  5. Applicants not convicted any felony offense.
  6. Age not above 30.

Deferred action will not grant the applicant a green card, immigration status or citizenship. However, deferred action offers two significant benefits:

(a) It relieves the individual from the fear and uncertainty of being caught and someday placed in removal proceedings, while it relieves those who are presently in removal proceedings from being removed;

(b) It provides economic freedom to those who qualify through the issuance of EADs that would enable them to work legally.

USCIS and ICE will begin implementation of the application processes within sixty days of the announcement on June 15. The hotline numbers to call for this process are 1-800-375-5283 (USCIS) and 1-888-351-4024 (ICE).

Startup Act 2.0: Reform High-Skilled Visa Policy

June 9, 2012 § Leave a comment

The Startup Act 2.0 is and act which is created in keeping jobs for American by reforming high-skilled visa policies; starting new business which allow tax incentives and also our country to be resource for innovation.

“Startup 2.0 is about creating American jobs. Too often we educate the world’s best and brightest in STEM fields, only to send them back to countries like India and China to open businesses and compete against us. This bill will keep top talent here in the U.S. to build businesses that hire Americans, and drive U.S. innovation and competitiveness,” said Rep. Grimm.

“I’m proud to lead Startup 2.0 in the House. U.S. immigration policy should help, not hurt, the ability of U.S. companies to attract top talent. As our economy continues to recover, we must further enable our entrepreneurs to grow and to create jobs,” said Rep. Sanchez.

“Startup Act 2.0 is a bipartisan, commonsense bill that will help to spur the economy and empower job creators by recognizing the importance of science, technology, engineering, and mathematics (STEM) education, empowering small businesses, and rethinking burdensome regulations that prevent job growth,” said Rep. Dold.

“Americans need more jobs now, which mean we should be doing everything possible to encourage the launch of great new American companies. This is exactly the kind of bipartisan, job-creating legislation that Congress should act on immediately,” said Rep. Polis

“The Startup Act 2.0 is a great example of Congress working in a bipartisan manner to put Americans back to work. I’m glad to be a part of this team working to move the Startup Act 2.0 through the House,” said Rep. Yoder.

“The Startup Act will encourage investors who want their money to grow American jobs and it will put funding for research and development right on the cutting edge of discovery, at our colleges and universities. We can build products that lead the world. We can do what we have always done in this nation; invent, innovate and deliver on our potential,” said Rep. Carnahan.

“America has always attracted the best and brightest entrepreneurs. If we are to continue building on this legacy, we must act now,” said Rep. Nunes.

Startup 2.0 will create new set of conditional visas up to 75,000 immigrant entrepreneurs and 50,000 foreign STEM (Science Technology Engineering and Math) students. The stat suggest more than 40 percent closer to 400 fortune companies were founded by an immigrant or immigrant child, its estimated STEM occupation had created 2.6 American jobs.

With this new bill tax benefits for new businesses is created.  Per year it promises to create 3 million jobs on average.  Support from big companies like Microsoft, Google, National Small Business Association (NSBA), CTIA, Consumer Electronics Association (CEA), Computer and Communication Industry Association (CCIA), TechAmerica, Information Technology Industry (ITI), Compete America, Silicon Valley Leadership Group and TechNet.

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