A bill to provide a new pathway to citizenship for foreign nations was introduced in the U.S. Senate in late January. The measure, known as the Startup Visa Act, has previously been introduced-but like many immigration reform measures, the Startup Visa Act did not fare well on a couple of prior trips in the Senate in Washington. D.C. However, with new interest in the issue of comprehensive immigration reform, ideas are making their way back into the public debate on Capitol Hill.
The EB-5 investor's visa program has received a fair amount of interest in recent years. Developers turned to the program as a source of financing when the U.S. economy went into doldrums. Not long ago, this blog reported that Congress extended the program, shortly before the law was set to sunset.
Four United States immigration programs are scheduled to automatically end September 30 if Congress does not act. The four programs include the EB-5 investor visa program, the E-Verify program, Special Immigrant Nonminister Religious Worker Program and a specialty visa waiver program for doctors, known as the Conrad State 30 J-1 Visa Waiver Program.
A report released Tuesday says that new immigration from Asian countries now outnumber the immigration of Hispanics. The Pew Research Center also says that recent Asian immigrants are three times more likely than any other foreign nationals to get permanent resident status through employment based visa processes rather than family sponsorship in immigration law.
Financing for professional sports facilities can involve complicated issues. Tampa-St. Petersburg leaders are reportedly looking at U.S. immigration law as a potential source of revenues for a new stadium for the Tampa Bay Rays. The actual source of revenues would be foreign investors, but the investments would flow through the EB-5 investor's visa program authorized under immigration law under an idea that chamber of commerce leaders have been studying.
Developers reportedly broke ground on the first new office complex in three years in the Miramar market. The project is also believed to be the first in Broward County to break ground under the Immigrant Investor Visa Program, according to a report in the Sun Sentinel. The investor visa program is an employment-based visa program, often referred to under its classification under U.S. immigration law as the EB-5 visa program.
An entrepreneur is looking to federal immigration law to help some weak community banks to revitalize communities. The woman looked long and hard for an area to apply her concept. She looked at areas in Florida and on the West Coast, but later decided to try her concept close to the nation's capitol to test out her idea.
Two United States Senators have introduced a bill that would create a new residential homeownership visa for foreign nationals. The measure is apparently intended to shore up the sagging housing market in the United States. The bi-partisan proposal would allow foreign nationals to receive a three-year residential temporary visa for investing at least $500,000 in residential real estate. The proposal allows the investment to be divided as long as at least $250,000 is used to purchase a primary residence. If the money is split, the investor could reach the $500,000 level by purchasing separate properties and could rent out the home or homes that are not used as the primary residence.
The government's fiscal calendar does not actually follow the calendar that most people follow. That is, Oct. 1 is effectively New Years Day, when it comes to employment-based visas in the United States. As the beginning of fiscal year 2012, Oct. 1 marks the day that the new slate of allotted employment-based visas became available.
For years an employment-based immigration program, known as the EB-5 visa program did not receive a large amount of interest. However, when the United States economy tanked in 2007 and 2008, investor interest in the program changed.