U.S. Immigration Updates- Week of August 1, 2022

New Information Sources on STEM Released

Several entities have released new resources on research and options for noncitizens in the fields of science, technology, engineering, and mathematics (STEM) in the United States:

· U.S. Citizenship and Immigration Services has published resources to provide an overview of some of the temporary and permanent pathways for noncitizens to work in the United States in STEM fields. The materials also highlight some of the most important considerations for STEM professionals who want to work in the United States. New pages include “Options for Noncitizen STEM Professionals to Work in the United States,” “Nonimmigrant Pathways for STEM Employment in the United States,” and “Immigrant Pathways for STEM Employment in the United States.” https://www.uscis.gov/newsroom/alerts/new-stem-resources-available-on-uscis-website

· The American Immigration Council rolled out a new website with guides and frequently asked questions on the five international STEM talent policies announced in January 2022 by the Biden administration to enhance the ability of the United States to attract and retain international STEM talent. The website features five guides and FAQs (https://info.americanimmigrationcouncil.org/stem-faqs/faqs.html) and new research and links to other work (https://www.americanimmigrationcouncil.org/research/foreign-born-stem-workers-united-states)

· In a new policy brief, the National Foundation for American Policy has documented the role played by immigrants as founders and key personnel in many of the United States’ most innovative companies. The research shows the importance of immigrants in cutting-edge companies and the U.S. economy at a time when U.S. immigration policies have pushed talent to other countries. https://nfap.com/research/new-nfap-policy-brief-immigrant-entrepreneurs-and-u-s-billion-dollar-companies/

SOURCE: ABIL Immigration Insider, July 31, 2022

 

New Report Finds Immigrants Lead the Way in Creating Start-Ups

Immigrants have started more than half (319 of 582, or 55%) of America’s startup companies valued at $1 billion or more, according to a new National Foundation for American Policy (NFAP) analysis. Moreover, nearly two-thirds (64%) of U.S. billion-dollar companies (unicorns) were founded or co-founded by immigrants or the children of immigrants. Almost 80% of America’s unicorn countries (privately-held, billion-dollar companies) have an immigrant or an immigrant in a key leadership role, such as CEO or vice president of engineering.

As of October 1, 2018, there were 91 unicorn companies in the U.S., and 50 of them (or 55%) had an immigrant-founded compared to 582 unicorn companies in the U.S. and 319 (or 55%) with an immigrant founder as of May 2022. That represents a more than 500% increase in both unicorn companies and immigrant-founded unicorn companies between 2018 and 2022. The full report can be accessed at https://nfap.com/research/new-nfap-policy-brief-immigrant-entrepreneurs-and-u-s-billion-dollar-companies/.

SOURCE: Stuart Anderson, “Immigrant Entrepreneurs and U.S. Billion-Dollar Companies, NFAP Policy Brief, July 2022.

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