Atlanta, GA, March 23, 2016 --(PR.com
)-- In a time when harsh rhetoric dominates political discourse and the news, Weinstock Immigration Lawyers wishes to congratulate the immigrants to the United States who have started over half of all American start-up companies that reached revenues of $1 billion or more. The Wall Street Journal and Dow Jones Venture Source compiled data of start-up companies and found that over 51% of new start-ups with revenues of $1 billion or more, have been started by immigrants. This is especially poignant and meaningful as time is short for businesses to complete H-1B applications that are hiring professional foreign employees to temporarily work in the United States to meet the April 1, 2016 application date. The H-1B visa is a popular choice for companies that plan to hire a foreign national to fill a professional position requiring a minimum of a bachelor's degree in a specific field of specialty. Candidates for H-1B status include current employees in student status (F-1 or J-1), potential new hires, or employees directly coming from abroad, and because of the limited quota the window to submit them is fast approaching. H-1B visas have been in the news recently as Republican presidential candidate, Senator Ted Cruz has co-sponsored legislation to make it even harder to obtain H-1B visas.
“There is a misperception that immigrants are taking away American jobs,” said Karen Weinstock, Managing Attorney at Weinstock Immigration Lawyers. “Nothing could be further from the truth as this recent Wall Street Journal and Dow Jones study shows. Legal immigrants are fueling the economy and creating new jobs for many Americans with successful start-ups.
“Making it more difficult to bring in legal immigrants with H-1B visas stifles economic growth,” continued Weinstock. “Businesses in the United States know that legal professional immigrants help drive the economic engine of the United States and that is why they compete to recruit professionals from abroad. It is therefore critical that businesses complete their H-1B visas applications so they can submit them on the April 1st application date to be able to bring in the professionals they need be the federal quota of the year is reached.
“As the facts actually prove, Senator’s Cruz’ rhetoric is without foundation. Legal immigrants have created more than half of these amazing companies, fueled by different mentality, background and immigrant drive and the United States should open its doors to these bright minds, not keep them shut because of arbitrary quotas that were thought of in the 1950s.”