Economic Impact and Uncertainty
The 's decision to end Temporary Protected Status (TPS) for 350,000 Venezuelans has left business owners like Wilmer Escaray in , uncertain about the future of their employees and the economic impact on their businesses.
TPS beneficiaries, including many Venezuelans, contribute significantly to the economy, with the American Business Immigration Coalition estimating their economic impact at $31 billion through wages and spending power.
Legal and Employment Concerns
Immigration attorney Evelyn Alexandra Batista highlights the uncertainty surrounding the validity of TPS-based work permits, urging employers and employees to explore alternative options as TPS was never intended to be permanent.
Business owners are now faced with the challenge of finding new ways to support their Venezuelan employees, including exploring visas for extraordinary abilities, investment visas, and agricultural visas.