Are the Immigrant Entrepreneurs in USA getting enough encouragement?
Immigrant Entrepreneurs in USA show a falling percentage
Immigrant entrepreneurs have always played a major role in the economic development of countries like USA. They played a major role in the economic growth especially during the decades of 80s and 90s.
The declining story
According to a data, over the period of last 5-6 years, the percentage of new companies founded by international investors has reduced from 25.3% to 24.3%.
In the tech companies the rate of Immigrant investors have seen a decline by more 8%.
Economists believe that young businesses always bring in more opportunity for the people of America as it is a consistent source of job creation and this is one sectors where the contribution of interaction Investors have played larger role than expected. In a survey conducted sometime last year it was understood that almost half of the country’s top companies founder backed out which included the immigrants largely.
Probable causes of falling numbers
Strict Immigration laws are being enforced on the immigrants who join US Universities, complete it and earn a degree and are left with no option but to return back to their own countries.
The Immigration system and environment is not as favorable as it used to be till years back.
Recently, more than 160 Universities jointly sent letters to the President for making the visa system more supportive in nature for foreign students. They have urged that the students should be allowed to stay back in the country after they complete and earn their degrees.
There is a proposal to create a new category of visa for immigrants who start new companies and open job opportunities for the natives.
There are experts who have expressed their concerned over the issue and have said that being strict with the immigration system to curb illegal immigrants will make the country lose the potential investor immigrants too.
They also propose that at this point of time, the country needs more and more entrepreneurs to make investments and create employments for the people of US. This is a phase when the world is undergoing economic slowdown period. Here, the Immigrant entrepreneurs can make big differences to the current unemployment rates and can also revives the downfall in the productivity of the country.