Immigrant workers and foreign investment are key pieces to the U.S. and Tennessee economies. As of 2010, immigrant workers earned a whopping $1.1 trillion nationally. Roughly 200,000 were working in Tennessee as of 2013.
Considering the economic impact immigrant workers have, it’s critical that business leaders who employ them stay abreast of laws and regulations affecting immigrant workers. Two recent developments to pay attention to are the renewal of the EB-5 program and a new U.S. Justice Department rule covering immigrants during the hiring process.
The EB-5 program provides a quicker path to citizenship for foreign investors who invest between $500,000 and $1 million in a business that eventually employs at least 10 American workers in economically depressed areas of the United States. Despite the noble intent of the program, it has been marred by instances of investments in wealthy areas and fraud.
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