Posted on 06/13/2011 7:49:58 AM PDT by Cincinatus' Wife
[snip]
The new arrivals are buying or building high-end homes in Westlake, Lakeway and the northern suburbs, according to real estate agents. They're also buying apartment complexes, opening restaurants and investing in high-tech businesses. In October, information technology firm Evox, based in Monterrey, Nuevo León, invested $2.4 million in an Austin office, hiring 11 employees.
That money helps the company bypass the long waiting list that forces many of their countrymen to wait years to immigrate legally. Many receive visas that give them legal residency in return for investing large sums of money in the U.S. and creating jobs. Some receive EB-5 visas, given to immigrants who invest at least $1 million — and in some cases $500,000 — and create or preserve 10 jobs.
Many more arrive with E series visas, available to immigrants who make "substantial" investments — generally more than $100,000 — in a business venture. Last year, the State Department issued 1,965 E1 and E2 visas to Mexicans, a 49 percent increase since 2005. According to the Organization for Economic Cooperation and Development, the number of Mexicans with college degrees working in the U.S. more than doubled between 2005 and 2010 to 1.1 million.
But in the race to lure these well-off immigrants, Austin trails Texas cities that have served as more traditional landing spots. The Houston Convention and Visitors Bureau has paid consultants representing the city in Mexico. San Antonio has had representatives in Mexico since 1991 and spends about $200,000 a year to staff offices in Monterrey, Mexico City and Guadalajara, Jalisco.
[snip]
(Excerpt) Read more at statesman.com ...
I wonder how many Chinese, etc. are getting their visas this way?
Are American retirees still moving to Mexico?
That’s because Austin is so “enlightened”.
And that's a good thing. It's been way too long that the only immigrants we seek are the wretched of the earth. There's a place for them here, of course, but why not go after the well-to-do and their capital, too?
The frontier is closed. We do not need them. If they are so smart and rich and awesome how 'bout they use their resources and money to fix their country rather than just fleeing the problem?
I reiterate: We do not need them. They need to GTFO just like the rest.
Actually, in one of the greatest immigration blunders ever, the US told Chinese businessmen fleeing Hong Kong when the ChiComs were taking over that they had to get in line and wait while the Canadians offered to fast-track anyone with money to invest. So Toronto, Vancouver, etc., pulled out of a recession while California sank even deeper.
So, because they have money I am supposed to approve of this latest wave of foreigners?
The frontier is closed. We do not need them. If they are so smart and rich and awesome how ‘bout they use their resources and money to fix their country rather than just fleeing the problem?
I reiterate: We do not need them. They need to GTFO just like the rest.
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Disagree. If they come here and build businesses, employ people and pay taxes (i.e. they come legally) I am all for it. Big difference between legal immigration and illegal immigration.
They are preparing a safe landing location.
This happened with the Honkies (Hong Kong “citizens”) in Vancouver before it went back the the PRC. Condo building went crazy for 2 years as the Honkies were trying to establish domicile in Canada in order to get that CA passport. That way they could just pull out the CA passport, and jump jet to Vancouver if the PRC got too heavy handed.
This strikes me as a repeat.
And by and large, their children speak English.
Looks like Austin will becomming the next Miami. Drug money flooded the Miami area along with the dealers, etc. Glad my family is moving out.
Is that code for wealthy drug dealers moving into Austin?
And meddle for more of their in the usual ethnic hustle, thanks dude.
Plus even the most ardent liberal aka “rich WHITE liberal” will eventually move out. One thing I;ve learned about white libs is that they move out of an area if there are more non-whites in the vicinity.
I have absolutely nothing against allowing wealthy, productive foreigners to come here to make investments, pay taxes and create jobs. Move these people to the front of the line!
I hope they're conservative, free-market capitalists who want to make money and keep some of it.
YEP...we lived in one of those Chinese Condo’s in Vancouver for a year...and watched the building boom from the 8th floor....it’s like the Weinercrats have a death wish...
Wealthy Mexicans are the most arrogant people on the planet. They are raised behind gates in palaces, and the only people they ever come in contact with are servants and other wealthy Mexicans. If you aren’t another wealthy Mexican, guess what? To them you are a servant, and they treat you as such. I know this first hand.
....."Eurán, the businessman from Monterrey, says Mexico's loss is Austin's gain. "If you want to look at the positive, if everything was OK in Mexico right now, there wouldn't be as much investment coming into the U.S.," he said. "You're getting a lot of highly educated people."
Austin is a beautiful place, but it’s packed with leftist kooks. It’s like an island of crazy, right in the middle of Texas.
Well, I've been told that Indians (due to the caste system) can be pretty arrogant too. And I've heard that Americans aren't called Americans abroad but "Ugly" Americans. And so on..
From your description, it sounds like the same thing could be said about the Kennedy clan or Chuckie Schumer-types, etc who are pretty damn arrogant people too (it's the "entitlement" thing that LIBERALS wear).
Centers of government trend that way.
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