DACA Entrepreneur Still at Risk of Deportation Despite Business Success
*By Bridgette Webb*
It's been a year since President Trump moved to end the Deferred Action for Childhood Arrivals program, commonly known as DACA. The program is still afloat, but remains on shaky ground, leaving roughly 700,000 young undocumented immigrants in limbo.
It's an issue that weighs heavy on "Dreamer" Victor Santos, a CEO and co-Founder of Boston-based start-up Airfox.
"Since the Trump administration, it's not quite clear on what will come of DACA in the next few years," Santos said Monday in an interview on Cheddar.
DACA allows certain individuals who were brought to the U.S. illegally as children to receive permits to avoid deportation on a two-year, renewable basis and eventually become eligible for a work permit.
Reneging on this policy ultimately precludes these people from contributing to the economy, which could have a big effect on the country, Santos said.
"As an entrepreneur, having Trump cancel the start-up visa and making it harder and harder for H-1B entrepreneurs \[to come\] into the U.S., it's been an impactful experience for myself, but also for engineers that we bring on from other countries," he said.
"DACA is creating billions in terms of output for the economy, these kids are doctors and entrepreneurs; they are people that considers themselves American."
Airfox, a mobile bank, has 20 employees and provides financial services for emerging industries like mobile microloans to "unbanked" users in Brazil, where interest rates chart upwards of 200 percent.
The immigration debate will inevitably rage on, and may very well head to the U.S. Supreme Court. In Texas, there was a surprise ruling in which a judge kept the DACA program in place, a decision that may undergo federal scrutiny.
The future is further in question as the U.S. awaits confirmation of Brett Kavanaugh to replace Justice Anthony Kennedy on the Supreme Court.
The conservative judge, who faced four days of Senate hearings last week, will most likely vote with right-leaning colleagues to squash DACA.
The confirmation process, Santos said, is detracting from the real-life ramifications of killing the program.
"This whole thing is purely political and quite frankly, racist, to say the least," he said.
For full interview [click here](https://cheddar.com/videos/daca-uncertainty-leaves-dreamers-in-limbo).
Bamboo-based toilet paper company Cloud Paper raised $5 million in a recent funding round. Its product is a bamboo-based alternative to traditional toilet paper made from trees, and its mission is to end the deforestation caused by traditional paper products. Cloud Paper says the raise will allow it to make significant investments in its supply chain, product development, and hiring. Ryan Fritsch, a co-founder of Cloud Paper, joined Cheddar News' Closing Bell to discuss.
Anne Price, president of the Insight Center for Community Economic Development, discusses how Black Americans have been adversely impacted by rising home prices and offers tips for wealth building.
Ellen Goodwin, Co-Founder and Chief Solutions Officer of Artifcts, joins ChedHER to discuss how she's creating a platform to preserve the history of your belongings, and her experience succeeding in male-dominated industries.
Keren Sachs, Founder and CEO at The Luupe, joins ChedHER to discuss how her platform bridges the gap between diverse creators and brands, and what the future of the creator economy looks like.
Thelma Ferguson, Managing Director & Northeast Segment Head at JPMorgan Chase Commercial Banking, joins ChedHER to discuss the upcoming Women Presidents Organization's "50 Fastest-Growing Women-Owned/Led Companies" ranking, and what kind of impact women entrepreneurs have on the overall economy.
On this episode of ChedHER: Artifcts Co-Founder breaks down how she's creating a platform to preserve the history of your belongings; The Luupe CEO explains how her platform bridges the gap between diverse creators and brands; Managing Director & Northeast Segment Head at JPMorgan Chase Commercial Banking discusses the upcoming Women Presidents Organization's "50 Fastest-Growing Women-Owned/Led Companies" ranking.
While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.
