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).
There's a new ETF designed to offer investors exposure to 'meme stocks.' Roundhill Investments launched it earlier this month and says the ETF is the first that is explicitly designed to track the performance of meme stocks. Roundhill Investments Vice President of Research Mario Stefanidis joins Cheddar News' Closing Bell to discuss.
Mobile bill payment application Papaya recently raised $50 million in a series B round led by Bessemer Venture Partners.
Papaya lets users take a photo of any bill, and the app's AI-powered 'bill understanding technology' pays the bill in seconds. The company says its goal is to help people spend more time on things that matter, by making bill-paying as painless and quick as possible. Papaya CEO and co-founder Patrick Kann joined Cheddar News' Closing Bell to discuss.
According to the CDC, Black women are three to four times more likely to die from pregnancy-related causes than white women. The grim statistic is one of the main reasons why two organizations came together to do something. The Bump and the National Medical Association are partnering to launch The Black Maternal Health hub. The online resource will help expecting mothers feel supported, informed, and empowered throughout pregnancy and the early days of parenting. Jennifer Lee at The Bump and Dr. Rachel Villanueva, a clinical assistant professor of OB/GYN and member of the National Medical Association join Cheddar News to talk about the initiative.
If you're looking for a date, 2022 might be your year. Online dating platform Bumble is buzzing with dating predictions from its latest survey. Shan Boodram, sex and relationships expert at Bumble, joined Cheddar to discuss some of the findings and what people can expect from the future dating landscape. Some of the results showed that public displays of affection are back on the rise as more people get vaccinated and that more users are opting for alcohol-free first dates. She also explained the trend of "explori-dating," a way that users are attempting to get out of their comfort zone. "People are willing to date outside of their city to get to that," she said.
Cheddar is looking back at the 12 biggest buzzwords of the year leading up to Christmas. The seventh term in the countdown is Transitory. Definition: (adjective) of brief gratification, not permanent.
On this episode of Cheddar Innovates: Omorpho Co-Founder explains the innovation driving gravity sportswear; Cool Beans CEO breaks down the science behind 'good mood food;' A look at Curiosity Stream's 'Building The James Webb Telescope.'
Stefan Olander, Co-Founder of Omorpho, joins Cheddar Innovates to discuss how they are bringing innovation into athleticwear by creating 'gravity sportswear.'
Tyler Mayoras, CEO of Cool Beans, joins Cheddar Innovates to discuss the science behind being a 'good mood food,' and what makes these burritos good for the environment.
