05 Jun. 2014 | Comments (0)
More than 80% of last year’s special U.S. visas for immigrant entrepreneurs were issued to people from China, up from just 13% a decade ago, according to CNN. The EB-5 visa program, which requires a commitment of $500,000 and a promise to create 10 jobs in America, is increasingly affordable to entrepreneurs in China, where household wealth is booming. The U.S. program is inexpensive in comparison with, say, Australia’s, which requires an investment of $4.5 million.
SOURCE: Rich Chinese Overwhelm U.S. Visa Program
This blog first appeared on Harvard Business Review on 4/02/2014.
View our complete listing of Strategic HR and Labor Markets blogs.
-
About the Author:HBR The Daily Stat
Facts and figures to stimulate thought—and action.
0 Comment Comment Policy