International Educator - May/June 2012 - 4
By Stuart anderson
letting international students start Businesses is a Win-Win for the United states
students represent ambassadors back to their home countries if they return home after completing their studies in the United States. A second way the United States benefits is when international students decide to stay here and work in the United States after graduation. However, there is a third door often closed to international students that would also reap mutual benefits—obtaining a visa to start their own business in the United States.
Few Americans realize it is exceedingly difficult, in some cases impossible, to gain permission from immigration authorities to stay in the United States legally to work as the head of one’s own company. Notable examples illustrate this difficulty as U.S. policies frustrate the ambitions of would-be entrepreneurs and leave few options for their attorneys and the U.S. residents who could be employed in these new businesses. International students with ideas for new businesses are often out of luck.
HE UNITED STATES receives dividends from international students in several ways. Such
The Role of Immigrant Entrepreneurs in the U.S. Economy
Economists view entrepreneurs as the “heroes” of a market-based economy. “They are the risk takers and the innovators who put it all on the line to turn
their dreams into our reality,” writes economist Bob McTeer, president and CEO, Federal Reserve Bank of Dallas. “In the process, they enrich us all. At a time when our students and their parents venerate athletes for good eye-hand coordination and rap and rock stars for their own brand of contribution, why not call attention to those among us who put the energy and the strength into Adam Smith’s invisible hand?”1 Award-winning teacher Candace Allen explains, “Entrepreneurs are characterized by boundless energy, brimming vision, and bold determination to push into the unknown.”2 Recent economic history tells us that without new businesses there would be far fewer people employed in the United States. Startup businesses are responsible for much of the net increase in em-
zentilla / dreamstime, kupicoo / istock, bonotom studio
InternatIonal educator M AY + J U N E . 12