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President’s Executive Order Will Help Foreign Investors

Posted by attorney Elizabeth Blandon

On June 15, 2011, President Obama issued an Executive Order establishing the SelectUSA Initiative. This government program establishes a federal investment promotion program to spur the U.S. economy. Supporting investment in the U.S. market creates jobs for Americans and brings money into the economy.

Importantly, SelectUSA establishes the Federal Interagency Investment Working Group. This group includes senior officials of the Department of Homeland Security, which oversees the Citizenship and Immigration Services agency. Thus, the SelectUSA Initiative may lead to new immigration benefits or changes in immigration policies in order to encourage foreign investment.

Although the order itself does not create a specific immigration right or benefit, foreigners are a major source of investment in the United States and SelectUSA orders Immigration to encourage such investment. As a result, these investors may soon find that it is easier to qualify for temporary visas or permanent green cards based on their investments.

Because the requirements for each type of visa or green card vary, a qualified immigration attorney is the best person to assist a foreign investor when coming to the U.S. for business.

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