Tech workers reliant on H-1B visas are facing concerns as fees for these visas and green cards are set to increase next month for the first time since 2016. An Increase In Visas Fees The increase, set to go into effect April 1, was initiated by the U.S. Citizenship and Immigration Services (USCIS) to address a backlog of soaring application numbers, reaching 10.9 million in 2023. Additionally, the fees for H-1B visas, needed for thousands of highly skilled tech workers, will increase by 70% for large employers, moving from $460 to $780. However,
Morgan Stanley Investment Management (MSIM) has announced the close of its Morgan Stanley Next Level Fund, aimed at early-stage tech companies led by underrepresented entrepreneurs. The fund has closed at its target size of $50 million of total capital commitments with investors including Hearst, Microsoft, and Walmart. Morgan Stanley’s Next Level Morgan Stanley’s Next Level is MSIM’s impact-focused private equity business. It makes privately negotiated equity and equity-related venture capital investments in primarily stage tech and tech-enabled companies with women or underrepresented founders as part of the founding team. “We
