Kansas City, MO (PRWEB) July 11, 2012
“A big, big loss for America,” is how one U.S. immigrant founder sums up the economic cost of limited visas for high-skilled immigrants in a set of new videos released today by the Ewing Marion Kauffman Foundation. In “America’s Great Job Creators: Immigrant Entrepreneurs,” U.S. company founders from Korea, Russia, India and other countries share the potential benefits of expanding the number of green cards so more immigrant entrepreneurs can create companies and jobs in the United States. Right now, visa backlogs are forcing high-skilled immigrants to return to their home countries.
“These videos put a face on the visa challenges for high-skilled immigrants that we have addressed in previous research and in the Foundation’s Startup Act recommendations,” said Robert E. Litan, vice president of research and policy at the Kauffman Foundation. “The entrepreneurs in the videos express the hope and passion of thousands of immigrants who are capable of bringing innovations and, ultimately jobs, to the United States but cannot get visas to do so. We are losing vital economic fuel by turning these talented innovators away.”
Kauffman research shows that immigrants found companies in the United States at greater rates than native-born Americans do, and are disproportionately successful in starting high-tech firms. A recent Kauffman study conducted by the National Foundation for American Policy shows visa wait times are likely to increase in employment-based immigration categories. Such backlogs mean foreign nationals with the skills and abilities to start high-growth companies will have to return to their home countries and likely start companies there rather than in the United States.
View the videos here.
About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. In addition, the Foundation focuses on initiatives in the Kansas City region to advance students’ math and science skills, and improve the educational achievement of urban students, including the Ewing Marion Kauffman School, a college preparatory charter school for middle and high school students. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets. For more information, visit http://www.kauffman.org, and follow the Foundation on http://www.twitter.com/kauffmanfdn and http://www.facebook.com/kauffmanfdn.