@Forbes – “To Create Jobs, Streamline The Issuance Of Visas”
Alex Nowrasteh of the Competitive Enterprise Institute recommends that Congress take aggressive steps to attract skilled foreigners to the U.S. by making some changes in the employment based permanent residency process (aka employment based green cards).
His suggestions include:
1. Removing the labor certification process from the employment based second preference permanent residency process (jobs requiring an advanced degree or bachelors + five years of progressively responsible experience) more familiarly known as the “EB-2”,
2. Expanding the EB-5 investment based permanent residency process (wherein an individual invests either $1,000,000.00 or $500,000.00 in an eligible U.S. business and employs at least ten workers) to include to include purchases of residential property.