NYC announces visa program for foreign entrepreneurs

February 20, 2016
The officials of New York City has announced that a latest program that would provide H-1B visas for as many as 80 entrepreneurs who would work at the campuses of New York’s City University and that includes Staten Island College.

NYC announces visa program for foreign entrepreneurs

It is the first of its kind in the US; NYC has made an agreement with the New York’s city university for bringing these entrepreneurs under H-1B visa program.

These 80 people who will be entitled for H-1B visa under this latest plan will be apart from the yearly limit of  85,000 visas granted by the US DHS. 

Around  80 entrepreneurs who will be entitled for the program are those who had few angel investors or with the plans with merit investment could get the approval by Economic Development Corporation of New York City (NYCEDC) and the New York City University (CUNY). The plan does not mention any country limit or qualification or job experience needed.

These 80 people will be working at the New York’s City University and reside on its campus. Educational institutions could recruit them. They would also advise the students and professors while doing job for building the firms. There are no income details of these 80 entrepreneurs.

The NYCEDC and the CUNY had said that the program shall generate around 700 new jobs in the coming three years. 

According to the Mayor of New York City, Bill de Blasio, they are making sure that the New York City stays a magnet for the world’s top talent.

The US limits the H-1B visa numbers that are granted every year, that forces the applicants to enter into the lottery, but individuals doing job in the higher education institutions are being exempted from the limits.

The CUNY colleges that are taking part in the program are City College, Baruch College, LaGaurdia Community College, Staten Island College, Queens College, Lehman College and Medgar Evers College.

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