MANUFACTURING TIDBITS
MIAMI IS THE MOST IMMIGRANT-DENSE U.S. METRO AREA, WITH 42% OF THE CITY’S POPULATION BORN ABROAD by TR CUTLER
Recently the New American Economy (NAE), a bipartisan immigration research and advocacy organization, launched Map the Impact, an interactive map and report that quantifies immigrant economic contributions to America’s 100 largest metropolitan areas.
Key Findings for Metro Miami Include: There are 2,570,043 immigrant residents in the Miami metro area, which represents 41.7% of the population. Their household income totals $79.8 billion.
NAE’s new report finds that Miami is the most immigrant-dense metro area in the U.S., with almost 42% of the city’s population born abroad. The report also shows that immigrants are truly driving economic growth – in the Miami metro area, there are 247,795 immigrant entrepreneurs. Immigrants are also major consumers who help power Miami’s businesses; in 2019, Miami immigrants held $60.6 billion in spending power and paid $19.1 billion in taxes.
Immigrants are significant contributors to the Miami metro area housing market. In 2019, there were 571,992 immigrant homeowners. Immigrants are critical job creators. In the Miami metro area, immigrants are almost 38 percent more likely to be entrepreneurs when compared to U.S.-born residents, and in 2019, there were 247,795 immigrant entrepreneurs.
San Jose follows closely in second place with more than 40 percent of the population being immigrants, followed by Los Angeles with 33 percent, San Francisco with almost 31 percent, and New York City with almost 30 percent.
Immigrants work in crucial industries. In the Miami metro area, the industries with the highest share of foreign-born workers are: Agriculture, Forestry, Fishing & Hunting (76%); General Services (63.5%); Construction (61.8%); Transportation & Warehousing (59.6%); Manufacturing (58.2%). continued
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Manufacturing Outlook / August 2021