aditya: dude, if you can't create at least 5 jobs in 2 years with $250K in capital, you're a pretty pathetic excuse for an entrepreneur.
this is not a handout, it's a hand up. we expect people to innovate, create jobs, and create positive economic results.
we're trying to help those who are willing to help themselves. and yes, those entrepreneurs who are more capable -- that is, can run a business profitably at some scale, and can create a minimum # of jobs -- will have a better shot than others.
there is nothing unfair or unethical about trying to help those entrepreneurs who are willing to do the work necessary to make it happen.
dude, if you can't create at least 5 jobs in 2 years with $250K in capital, you're a pretty pathetic excuse for an entrepreneur.
And a poor law player too ;-) With unemployment set to remain pretty high over the next several years, employing a few minimum wage "office managers" to make up the numbers (assuming you get the extra funding or do the >$1M revenue) isn't going to cost very much.
The question is what happens when you fail. Obviously, if you have 100-250k, you can hire 2 people. But then what happens if the biz fails? You created 2 (probably more jobs) and now you're going to get kicked back to your own country? Or am I mis-reading this, and as soon as you hire 2 people you get your green card?
sorry, no free rides... if you fail, you have to start over again.
(that is: you can always start another business, pitch new investors for funding, and re-qualify for the new business. there is no restriction on multiple attempts, however you will have to convince investors you're worth a 2nd chance... or 3rd... or 4th... etc)
this is not a handout, it's a hand up. we expect people to innovate, create jobs, and create positive economic results.
we're trying to help those who are willing to help themselves. and yes, those entrepreneurs who are more capable -- that is, can run a business profitably at some scale, and can create a minimum # of jobs -- will have a better shot than others.
there is nothing unfair or unethical about trying to help those entrepreneurs who are willing to do the work necessary to make it happen.