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Comment: Silicon Valley Without Immigrants -
Michael Moritz, another recipient of this year's Outstanding Americans by Choice award, is a partner at Sequoia Capital and has been a key early investor in companies like Google, Yahoo!, PayPal, Apple Computer, Cisco, Webvan, YouTube, eToys, and Zappos. He says "Take immigrants out of Silicon Valley and you have no Silicon Valley." Last year, he wrote in The Wall Street Journal "Here in Silicon Valley, immigrants and first-generation Americans provide the drive and hunger for almost every company worth its salt. But these days protectionism and xenophobia are choking off the supply of H1-B visas for the best and brightest foreigners. Sadly, we no longer lay out the welcome mat for people with names like Grove, Brin, Yang, Bechtolsheim, Huang, Nguyen, Omidyar and Wadhwani. Some say that the effect of immigrants on Silicon Valley is exaggerated and that venture capitalists should provide more opportunities for homegrown Californians. But the state's xenophobes and protectionists need only take a look at the recent history of the English Premier League to see the staggering and transformative effect that immigrants can have on a market… Turning away talent - wherever it's from - only weakens the market and brings down everyone's game." When people like Mr. Moritz and Mr. Wadhwa demonstrate how immigration laws are hobbling the competitiveness of Silicon Valley, we better pay attention. Please let us know your thoughts by writing to us at editor@ilw.com.
Article: Analysis of a Hearing Before the House Subcommittee on Immigration Policy and Enforcement on "Regional Perspectives on Agricultural Guestworker Programs" February 9, 2012 by Nolan Rappaport
Article: Banking on Something New:The EB-5 Alternative To Traditional Bank Financing by M. Keil Hackley and Ryan Kosobucki
Bloggings: NPTE Handbook by Chris Musillo
Bloggings: Will bigotry against immigrants and minority Americans doom the Republican party to extinction? by Roger Algase
Bloggings: Secure Communities Shut Down Or a Bird Of a Different Color, by Danielle Beach
Bloggings: Why So Much Vitriol Toward "Illegals"? by Laura Danielson
News: USCIS Updates H-2B Cap Count
Focus: The EB-5 Workshop -
The EB-5 Workshop will be held on Monday, March 5, 2012 in Orlando, FL. The speakers are Edward Carroll, Steven T. Anapoell, K. David Andersson, Edward Beshara, Boyd Campbell, Jeffrey B. Carr, Robert Gaffney, Susan L. Pilcher, Frederick Troncone and Other Speakers to Be Announced. The curriculum is as follows:
Session 1: The EB-5 category
- Basic Eligibility for the I-526 petition
- Business Models - Equity, Loan
- Source of Funds - Basics; Currency Transfers
- Exemplar Petitions - Any Benefit?
- The I-829 petition
- Basics
- Job Creation - When
- Construction Jobs
- Material Change
Session 2: TEA & Regional Center Designation
- TEA
- Purpose
- Defined
- Challenges
- An Economist's View
- Regional Centers
- Purpose
- Defined
- Mayorkas Letter
- Business Plan
- I-924
- Oversight & I-924A
Session 3: Liability Considerations
- Growth of regional centers
- Due diligence - Regional Centers & EB-5 Projects
- Advising clients about investments - is it smart?
- Professional liability insurance
Session 4: EB-5 and Investments
- Securities law issues
- EB-5 projects as securities
- Investors Qualifications
- Reg. D
- Reg. S
- Disclosure Requirements
- Broker-Dealer
- Right of rescission
- Knowing when to co-counsel and when to use experts
- Avoiding and managing conflicts of interest
For details on curriculum, speaker bios, and registration information,
please see: here. For the fax form, see
here. Don't delay, act today! Last chance to register is March 2, 2012.
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