In Blow to Tech Industry, Trump Shelves Start-Up Immigrant Rule – The New York Times

In Blow to Tech Industry, Trump Shelves Start-Up Immigrant Rule - The New York Times

In Blow to Tech Industry, Trump Shelves Start-Up Immigrant Rule – The New York Times

The Trump administration said it would delay, and probably eliminate down the line, a federal rule that would have let foreign entrepreneurs come to the United States to start companies.The decision, announced by the federal government on Monday ahead of its official publication on Tuesday, was quickly slammed by business leaders and organizations, especially from the technology sector, which has benefited heavily from start-ups founded by immigrants.“Today’s announcement is extremely disappointing and represents a fundamental misunderstanding of the critical role immigrant entrepreneurs play in growing the next generation of American companies,” Bobby Franklin, the president and chief executive of the National Venture Capital Association, a trade association for start-up investors, said in a statement.He added that even as other countries are going all out to attract entrepreneurs, “the Trump administration is signaling its intent to do the exact opposite.”

Källa: In Blow to Tech Industry, Trump Shelves Start-Up Immigrant Rule – The New York Times

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