New Study Details Immigrant Community’s Powerful Impact on L.A. Economy
New research unveiled details the powerful impact that immigrants have on a surging L.A. economy that is experiencing historic job growth, attracting new investment, and bringing more economic opportunity to communities across the City and County of Los Angeles.
Mayor Eric Garcetti was joined by Councilmember Gil Cedillo, Los Angeles Area Chamber of Commerce President & CEO Gary Toebben, and representatives of the organization New American Economy to release the study, entitled “New Americans in Los Angeles.” Among the findings: foreign-born residents in Los Angeles County contributed $232.9 billion to the County’s GDP in 2014; immigrants in the City of Los Angeles accounted for 53.6 percent of the City’s self-employed workers that year, generating $3.5 billion in income; and foreign-born residents of L.A. contributed $6.9 billion in federal taxes, and $3.2 billion in state and local taxes in 2014.
“Immigration is at the heart of L.A.’s story, and this report shows the numbers behind what we see and feel in our city every day: People from all over the world are a driving force in an economic resurgence that has seen us create 146,000 new jobs and register 170,000 businesses over the last three years,” said Mayor Eric Garcetti. “L.A. became one of the world’s great cities by embracing immigration and diversity, and we’ll continue supporting anyone who wants to work hard and invest in our future — no matter who they are, where they come from, or what language they speak.”
The research underscores the importance of the programs put in place by Mayor Garcetti’s Office of Immigrant Affairs (MOIA), which he launched in 2013 shortly after taking office. Over the last three-and-a-half years, MOIA has provided nearly 100,000 Angelenos with a wide variety of services that include helping permanent legal residents navigate the naturalization process; partnering with the Mexican Consulate to offer cost-free financial literacy education to small business owners; and working with local partners to help immigrants get access to the banking system and apply for microloans.
“The New Americans in Los Angeles report proves what we’ve been saying for decades, that immigrants have played a vital role and continue to shape the present and future of Los Angeles,” said Councilmember Gil Cedillo, who chairs the City Council’s Ad Hoc Committee on Immigrant Affairs. “It is important that we tell our truths in order to offset the political rhetoric that aims to discredit our communities. Immigrants are the future of our great City and will always be welcomed in the City of Angels.”
“From entertainment to innovation to education and small business, our economy is stronger and our communities are better because immigrants are a part of them,” said Gary Toebben, president & CEO, L.A. Area Chamber of Commerce. “Today, we are grateful to NAE for working with us to assemble this informative, insightful report that highlights key data for L.A. and serves as a valuable resource in addressing the economic impact of L.A. area immigrants.”
“Immigration helps power the American economy,” said John Feinblatt, Chairman of New American Economy. “L.A.’s immigrants not only power key local sectors like construction and transportation, but also start businesses that create jobs up and down the state of California
Read full report here.
About New American Economy
New American Economy (NAE) brings together more than 500 Republican, Democratic and Independent mayors and business leaders who support immigration reforms that will help create jobs for Americans today. NAE members include mayors of more than 35 million people nationwide and business leaders of companies that generate more than $1.5 trillion and employ more than 4 million people across all sectors of the economy, from Agriculture to Aerospace, Hospitality to High Tech and Media to Manufacturing. NAE members understand that immigration is essential to maintaining the productive, diverse and flexible workforce that America needs to ensure prosperity over the coming generations. Learn more at www.NewAmericanEconomy.org.
Mayor Garcetti accomplished a lot during his term and had positive impact on Los Angeles. His dedication was recognized by President Obama as well. Keep this article – and the many others! – in mind when the Los Angeles mayoral election begins on May 16th 2017.