Open the Gates to Innovation

For decades, the US has been the bastion of innovation and more recently, technological creativity that has fueled startup ventures. On closer examination, it’s interesting to find that a high-proportion of the ventures are credited to immigrants.

A recent article on Axios.com reported that of the 87 startups worth at least $ 1 billion in 2016, more than half were founded or co-founded by US immigrants. The most highly represented country was India, which produced 14 of those entrepreneurs, followed by Canada and the United Kingdom, which each produced eight.

This is important to recognize because the US is now overturning the visas that had enabled those foreigners to start new businesses stateside. Worse yet, there was a 17% drop in international students in the US last year, in large part due to the 28% decline in visas granted to students from India.

There’s no doubt that we need to address illegal immigration, but closing the gates on the best and the brightest outside of our shores is an obviously detrimental move. One look at the statistics above shows that stifling the immigration of would-be entrepreneurs to our country is clearly not in our best interests.

The views expressed here are those of the author and not the ALM Real Estate Media group or its publications.

Job Listings

SPONSORED JOB NAMDAR  Asset Manager, Retail (GREAT NECK, NY) Position will oversee all aspects of an asset; create and oversee business plans of assets as well as oversee all transactions and sales; and perform long-term analyses to project future profits.

  SPONSORED JOB ASHCROFT CAPITAL  Director of Acquisitions (NEW YORK) Responsibilities include: sourcing and valuing potential acquisitions through both on and off market opportunities; developing strong broker relationships; and preparation of complex financial analyses including operating pro formas and sensitivity analyses on prospective property acquisitions.

  SPONSORED JOB TRIMONT REAL ESTATE ADVISORS  Asset Manager (ATLANTA) Asset Manager role will be a client-facing position involving monitoring and prompting borrower compliance with covenants, evaluating and processing borrower consent requests, real-time assessment of risk profiles of real estate loans in the assigned portfolio, coordination and monitoring of interest billing and collection, and client reporting.

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  GROUP i Property Manager  (SAN FRANCISCO) Primary duties include: implementing preventative maintenance programs; monitoring maintenance and repairs; and overseeing capital improvement projects. 

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  JOSEPH J. BLAKE & ASSOCIATES, INC.  Senior Commercial Real Estate Appraiser  (BOSTON) Appraiser will manage multiple appraisal assignments in a timely manner while still ensuring the highest level of quality; and gather regional commercial real estate data (lease, sale, investment criteria, etc.) and research market trends and operational or other property issues. 

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  SENNE  Senior Project Manager  (CAMBRIDGE, MA) Role includes: managing and coordinating all necessary project resources and documentation throughout the entire project lifecycle. This includes the maintenance of budget and schedule, and the management and administration of all contractual requirements, agreements with trade partners, purchase orders, meeting minutes and shop drawing logs. 

  JFMD  Associate Director, Real Estate Services  (BLOOMFIELD HILLS, MI) Jewish Federation of Metropolitan Detroit is seeking an Associate Director of Real Estate Services to assist real estate activities for the Federation’s diverse portfolio, primarily located in the Detroit metropolitan area. The portfolio includes multiple properties, with 2.3 million square feet of space, valued at approximately $400 million.  The properties include office buildings, schools, elderly apartments, a community center, camps, a theater, and University Hillels.