This makes good sense. As long as the employment goal is met. it Is unnecessary to needlessly regulate the type of businessmanufacturing. service. retail or the likenor the character of the investment. Corporations. partnerships. proprietorsall legal types of business entitiesare appropriate as long as the immigrant invests at least $1 million and creates 10 U.S. Jobs. If two or more investor immigrants. each investing $1 million. want to join together to establish a business. that should be permitted. The milliondollar requirement or lesser amounts in rural and high unemployment areas should apply to the entire investment. including reserves. and need not be applied only to the operational costs of the enterprise. As is true for other visa categories. valid applications should be granted based upon the date they were filed. If this category is oversubscribed. it might then be appropriate to favor investments already made over future investments but only when comparing applications received on the same day. Investments. to qualify for this provision. must be made after the date of the enactment of this bill.
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