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- Articles>>Others
10 Ideas for Using Migration Policy to Jumpstart the Economy and Create Jobs (3)
[04/09/2009]

7. E-2s – scrap the requirement that investing happen prior to the issuance of the E-2 visa and replace it with a probationary E-2 for a year that can be extended if the investor has begun investing funds.
The E-2 visa is available to investors investing "substantial" funds in a commercial enterprise in the US. When I explain to someone thinking about setting up a business in the US and getting an E-2 visa, they are often perplexed when I explain that they have to be actively in the process of investing a substantial amount of money and only after their money is sunk in the business will a consular officer approve the visa. Huh? You sink a fortune in to a business and then the consulate turns you down for the visa. Now that's attractive. Not!
While there is a legitimate concern with people being granted an E-2 visa and then not really going through with the investment, there is an alternative approach that could be tried. How about only approving the initial E-2 visa for a new investment for a year if the investor has not already invested substantially in the US business? We already do something similar with L-1 visas where USCIS will typically grant a one year approval for a new office in the US. 
 
8. Create a green card category for E-2 investors if they have maintained the investment for five years and have created jobs for 10 workers
One of the gaps in our immigration system is that people can get an E-2 visa, create lots of jobs and invest lots of money, but they may never be able to get permanent residency. How about rewarding people who have invested for many years and created many jobs with permanent residency? Perhaps allow conversion after a person has invested for ten years and created ten jobs. Make the time shorter if the jobs are created in an inner city or rural low income area or higher than average unemployment area. 
 
9. Create a new non-immigrant category for investors
Somewhat related to the above idea is the possibility of creating another investor immigration program. This one would have the following elements:
 a. Unlike the E visa categories, this one would not be based on being a national of a qualifying treaty country.
 b. Applicants would need to make a $250,000 initial investment ($200,000 if the investment is in an inner city or rural low income area or higher than average unemployment area)
 c. Four jobs created must be created as a result of the investment (which must be shown before the visa is extended)
 d. The visa would be approved for a period of three years
 e. Holders of the visa can get extensions, but only with an additional $250,000 each time the extension is requested and only with a demonstration before each extension that the prior investment resulted in the required job creation).
 f. The investor can apply for a green card any time after the investor can document that 12 jobs have been created as a result of the investment (perhaps a lower threshold like 10 jobs if the jobs are created in an inner city or rural low income area or higher than average unemployment area).

10. End green card caps for nurses and doctors
Sure the shortage of nurses and doctors is well-documented. But how is this one a stimulus or a job creation measure? Hospitals cannot expand without an adequate number of nurses and doctors. That's infrastructure money that isn't being invested when it could be. And studies show that for every new hospital bed that comes online, jobs are created – as many as three per new bed. There's also plenty of evidence that a lack of access to health care in poor and rural communities inhibits economic development in those communities. Perhaps add expedited green card processing for nurses and doctors working in medically underserved communities as well as an inner city or rural low income area or higher than average unemployment areas.

EDIT: IMMIGRATION EXPRESS
Source: visalaw.com
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