The Australian state expects to create 240,000 new jobs as AUD $225 million in resources and infrastructure projects get underway; It is estimated that Western Australia will see a shortfall of 150,000 workers.

“This growth will present significant challenges for government, industry and the community as the demand for skilled labour to service the state’s growing industries places pressure on many sectors of the economy,” Training and Workforce Development Minister Peter Collier said.

To meet the demand for skilled labour, the state will be bringing in immigrants under the Western Australian Skilled Migration Strategy. This includes a wide range of initiatives to help meet the state’s work force requirements with labour from abroad.

The minister was quick to add that their first priority was to train the local Australian workforce.

“However, we know this will not be enough and that targeted migration will be essential to boost our skilled labour needs,” Collier said.

“We need to explore all options for not just increasing the participation of our local population, but also adding to the labour pool by attracting skilled workers from overseas and other parts of Australia,” he added.
State-sponsored skilled migration is an important component in Australia’s overall skilled migration efforts.

By meeting certain criteria, an applicant who wishes to live and work in Australia can gain permanent residence in Australia.

The StartUp Visa Act of 2011 would allow an immigrant entrepreneur to receive a two year visa as long as he or she can show that a qualified U.S. investor is willing to invest in the immigrant’s venture or can show that the business has generated at least $100,000 in annual sales from the US.

“Every job-creating American business started as an idea in the mind of an entrepreneur. We need to keep and bring more of those ideas to our shores where they can put Americans to work. Global competition for talent and investment grows more intense daily and the United States must step up or be left behind,” said Senator John Kerry, co-author of the bill.

“Creating a new magnet for innovations and innovators to come to the United States and create jobs here will offer our economy a double shot in the arm – robust job creation at home and reaffirmation that we’re the world’s best place to do business,” he added.

The startup visa would grant three options to people looking to enter the United States or lengthen their stay. Below is the text directly from the Senator John Kerry’s press release:

Option One: Immigrant entrepreneurs living outside the U.S. would be eligible to apply for a StartUp Visa if a qualified U.S. investor agrees to financially sponsor their entrepreneurial venture with a minimum investment of $100,000. After two years, their business must have created 5 new jobs and raised not less than $500,000 in additional capital investment or generate not less than $500,000 in revenue.

Option Two: Immigrant entrepreneurs currently in the U.S. on an unexpired H-1B visa; OR immigrant entrepreneurs currently in the U.S. who have completed a graduate level degree in science, technology, engineering, math, computer science, or other relevant academic discipline from an accredited United States college, university, or other institution of higher education would be eligible for a StartUp Visa if;

They demonstrate annual income of not less than roughly $30,000 or the possession of assets of not less than roughly $60,000; and

Have proven that a qualified U.S. investor agrees to financially back their entrepreneurial venture with a minimum investment of $20,000.

After two years, their business must have created 3 new jobs and raised not less than $100,000 in additional capital investment or generate not less than $100,000 in revenue.

Option Three: Immigrant entrepreneurs living outside the U.S. would be eligible to apply for a StartUp Visa if they have controlling interest of a company in a foreign country that has generated, during the most recent 12-month period, not less than $100,000 in revenue from sales in the U.S.

After two years, their business must have created 3 new jobs and raised not less than $100,000 in additional capital investment or generate not less than $100,000 in revenue.

It is very easy for a migrant who is living in United States for a considerable period of time to invest. This is because he would have gain a good understanding of the various aspects of the economy of the United States of America during his stay. He would have become more familiar with the functioning of economy. This knowledge of United States would help him in avoiding the culture shock which he would have otherwise faced. In these cases, getting accustomed and adjusted to the totally different culture of United States would be of prime concern.

Another advantage of this would be that he would have save some investment which could again be invested in United States economy. The task of researching and deciding about the regions to set the business and invest accordingly would be much more easy and simple if person have a good understanding of the economy.

Another advantage is that person would have proper understanding of local job market as well. The very basic requirement of getting EB-5 visa is that a minimum ten new jobs should be created for the local people and hence selecting right employees for jobs would not be so difficult. At the same time local job seekers would find it much easier to trust the immigrant as he is accustomed to local culture. This in turn will save a lot of money and time and subsequently would add to investment.

Since individual is already working in United States so he must have developed a vast professional network. This network can help him in promoting his business in easy fashion. An applicant can even work in collaboration with any American citizen.

Lastly an immigrant can be saved if he does not get involved in all deceitful and unlawful activities which might come in his way during the whole process of his venture.

It is always recommended for such profession to contact some good EB-5 attorney or any specialist in EB-5 who can help him in entire procedure.