On July 26, Rep. Zoe Lofgren (D-CA) introduced the Let Immigrants Kickstart Employment Act (LIKE Act). This bill encourages immigrant innovators to establish and develop their venture capital-backed start-up companies in the United States to spur economic growth, create jobs for American workers, and enhance the U.S. advantage on a global scale. The LIKE Act creates a new temporary visa for founders of start-up entities and the opportunity for lawful permanent residence if the start-up entity meets certain growth-related benchmarks that demonstrate the founder has a proven track record of success in business development. A quick video explaining the LIKE Act can be found here.
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