On May 25, U.S. Citizenship and Immigration Services posted a notice titled DHS Proposal To Remove The International Entrepreneur Rule.
The notice says DHS proposes to end a program that allows certain foreign entrepreneurs to come to the U.S. to develop and build start-up businesses here (the full rule is at International Entrepreneur Rule). The initial rule basically says that the nation recognizes the significant public benefit of entrepreneurs coming to the U.S., and, when certain criteria are met, we want more of these great innovators and job creators here. This is all consistent with law (Section 212(d)(5) of the Immigration and Nationality Act (INA), 8 U.S.C. 1182(d)(5)), which allows these exemptions when there is significant public benefit.
Historically, it takes more than great ideas to create innovation and it takes more than innovation to create companies, jobs and wealth. It takes entrepreneurs willing to take risks and persist and never give up till they make it. People with this spark come from all over the world, and we should all consider it a great honor when a successful, capable, proven entrepreneur comes to the U.S. to create. These great champions are helping the American economy and helping create jobs both now and in the future.
Read more at CTOvision.