President Reagan’s thoughts on immigration.  “Driven by the politics of short election cycles, the U.S. is missing the larger economic cycle of immigration. Meanwhile, Canada has been advertising its new startup visa with a billboard on California’s Highway 101, where every foreign-born engineer in Silicon Valley can see it: “H-1B Problems? Pivot to Canada.””  “The catch: the Immigration and Naturalization Service (INS) believed that as much as 25 percent of the Silicon Valley workforce (~200,000 people) was undocumented — which meant this thriving industry was routinely breaking the law. “ Almost all of our farm and construction workers are illegal immigrants. Shutting these out would severely damage our economy.   The Center for American Entrepreneurship, a non-partisan policy and advocacy organization, published a study today on the founders of America’s most valuable companies—those in the Fortune 500. The results are striking—43 percent of companies in the 2017 Fortune 500 were founded or co-founded by an immigrant or the child of an immigrant, and among the Top 35, that share is 57 percent.

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Joel Gross

Joel Gross is the CEO of Coalition Technologies.