Attracting immigrant entrepreneurs to start companies in USA. White House proposes rule to welcome immigrant entrepreneurs. The Obama administration proposed a rule on Friday aimed at attracting thousands of immigrant entrepreneurs to start companies in the United States. The rule, proposed by the Department of Homeland Security, would ease the ability of startup founders to build companies if they have significant funding from U.S. investors. The administration hopes the rule will be completed before President Barack Obama’s term ends on Jan. 20. The proposed rule is part of Obama’s commitment to “attracting the world’s best and brightest entrepreneurs to start the next great companies here,” Tom Kalil, a technology policy adviser at the White House, told reporters in a call.
White House proposes rule to welcome immigrant entrepreneurs
Max Levchin, a co-founder of PayPal and other companies who was born in Ukraine, said the proposed rule is a “great, concrete step towards creating more jobs in America and more success stories.” Read More here: White House proposes rule to welcome immigrant entrepreneurs. Many entrepreneurs are educated at prestigious U.S. universities, but find themselves unable to stay in the country because they lose visa lotteries or can’t afford to sponsor themselves through an existing investor visa programme.