Why immigration is important for the economy

On Behalf of | Jun 22, 2021 | Immigration |

Keeping up with changes in immigration laws and policies can be challenging. The current administration is making many changes that are helping to benefit the country as a whole. Some of these most current developments stand to boost the spirit of entrepreneurship in the United States.

It might surprise some people to learn that immigrants and their children are behind almost half of all Fortune 500 companies. While it’s true that not all immigrants will start a business that’s highly successful, it’s impossible to know which ones will be able to do that when they seek entrance to the country.

What is the U.S. doing to encourage entrepreneurs?

When an immigrant starts a business, they’re bringing money into the economy. Fortune 500 businesses founded by immigrants employ around 14 million people. Beyond helping the national economy, the businesses that they start in California also helps the state’s economy.

In order to encourage entrepreneurs to come into the U.S., the government has renewed the U.S. International Entrepreneur program. This enables the government to give a “parole” status to an immigrant who can prove that they are bringing a significant benefit as an entrepreneur to the U.S. They have the opportunity to live in this country and work to grow their business while they’re here.

Anyone who’s coming into this country should ensure that they handle their paperwork properly. It’s imperative to have everything in order when you come here so that you can focus on building your life. With the everchanging laws and policies, it’s important to get the help you need to avoid unnecessary delays.