Documents/BIBE/2: Entrepreneurship/2.3: Country Caps & Venture Capital Visas

2.3: Country Caps & Venture Capital Visas

Eliminate per-country visa caps, and expand entrepreneur and venture capital visas for those who invest major financial resources in job creation.

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Third, we should eliminate per-country visa caps, and expand entrepreneur and venture capital visas for those who invest major financial resources in job creation. According to current law, those who invest $1 million in a new startup and create a minimum of 10 jobs receive a green card through the EB-5 visa program and therefore are able to stay in the United States. This initiative is a good start but the financial threshold is too high for many small businesses. Lowering the initial investment to $250,000 would enable more immigrants to qualify for the visa program and expand opportunities for job creation.

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