Newark, NJ- In a past study, the Partnership for a New American Economy found that immigrants started 18 percent of the largest companies in the U.S., but some of these entrepreneurial immigrants have to leave the country before their businesses are allowed to grow because of their immigration status. Furthermore, immigrants who are working as literary translators or other freelance services are also struggling to find permanent residence in the country. To address this problem, the Obama Administration proposed a new rule that would allow immigrant entrepreneurs to stay in the U.S. and have the opportunity to grow their businesses. A lot of immigrants struggle because they can’t get the visas they need or the financial backing but luckily, it’s becoming easier for them to do things like apply for credit card applications for no credit and stay in the country longer. However, this new rule means eligible applicants must meet strict criteria to qualify for the program should it become policy.
[Read more…] about Obama Administration Proposes New Visa Rule for Immigrant Entrepreneurs