Register | Forgot Your Password? | Close

What's an efficient way to create more jobs in the United States? Give startup visas to those living outside the country.

According to the Phoenix Business Journal, 1.6 million jobs could be created by granting visas to foreign business owners over the next 10 years.

The process would be in conjunction with the Startup Act 3.0, which would grant visas to 75,000 foreigners who already are in the U.S. on H-1B visas or F-1 student visas.

If these individuals hire at least two full-time employees (family members don't count) and invest or raise at least $100,000 for their business in the first year, their visas would be extended for three years. After three years, if these entrepreneurs have hired, on average, one additional employee per year, they may apply for a green card, giving them permanent resident status in the U.S.

Phoenix Business Journal noted that Arizona offers more startup visas than any other state, which could mean a massive increase in job opportunities for Arizonans in the coming years.

KTAR Newsroom,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: