New York Post
June 7, 2012
Mayor Bloomberg got a bipartisan boost from Congress yesterday when lawmakers introduced a bill aimed at keeping foreign-born high-tech students and entrepreneurs in the country.
Rep. Michael Grimm (R-SI) is sponsoring the measure that would create a new set of conditional visas for 75,000 immigrant entrepreneurs and 50,000 foreign graduates and workers in science, technology, engineering and math.
New business start-ups would also receive tax credits. America is losing out on high-tech talent to countries such as India and China, where they create businesses to compete against the United States, Grimm said.