Yesterday, May 8, 2013, the Congressional Budget Office ("CBO") released an updated report to Congress analyzing the current immigration population in the United States. The report is interesting not only in the context of the ongoing debate on the proposed Comprehensive Immigration Reform (CIR) bill which is currently in Congress but also to get a [...]
USCIS Director Alejandro Mayorkas just announced a number of initiatives intended to boost the ability of immigrant entrepreneurs to obtain immigrant benefits for themselves, as part of the Obama administration's goal to boost hiring and jobs. Director Mayorkas has announced a number of initiatives and "clarifications" of existing temporary and permanent work visas which should [...]
Last week, in a press release, USCIS announced a number of significant enhancements to the EB-5 Immigrant Investor program. Note that these are proposed changes which are expected to be published on June 17th for public comment and possible implementation at a later date. About the EB-5 Program In 1990, the U.S. Congress created the [...]
In a report released yesterday, the non-partisan Pew Hispanic Center provides a revised estimate of the unauthorized immigrants in the U.S. According to the report, the annual inflow of unauthorized immigrants to the United States was nearly two-thirds smaller in the March 2007 to March 2009 period than it had been from March 2000 to [...]
Among our clients and readers, we have many entrepreneurs and start-up companies which may be interested in a recent development in Congress. Senators Kerry (D-MA) and Lugar (R-IN) have introduced a new bill in Congress seeking to drive job creation and increasing America's global competitiveness by helping immigrant entrepreneurs secure visas to the United States. [...]
About EB-5 and the Regional Center Program In 1990, the U.S. Congress created the fifth employment-based preference category (EB-5) for qualified foreign entrepreneurs seeking to invest in a business that will benefit the U.S. economy and create or save at least 10 full-time jobs. The basic amount required to invest is $1 million, although that [...]