The Pittsburgh Post-Gazette reports on upcoming legislation in Congress that would give green cards to immigrants poised to start new businesses and put Americans to work.
The StartUp Visa Act targets startup efforts across all sectors, but enthusiasm for the bill is especially acute in tech communities like Pittsburgh that see an outsize number of foreign-born students who want to stay and develop a company.
But these new visas -- a permanent resident card (or "green card") called an EB-6 -- aren't available to any immigrant with a good idea. To qualify, an entrepreneur would need to raise at least $250,000 from investors, and over two years create at least five full-time jobs in the United States, attract $1 million in additional investment or surpass revenue of $1 million.
Original source: Pittsburgh Post-GazetteRead the full story here.