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Houston’s Newest Residents: Insightful Report Unveiled at Local Gathering

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  • Immigrants in Houston generated $66.5 billion in income ​in 2021, contributing significantly to the local economy.
  • Immigrants represent over 30% of the working-age population⁢ and are pivotal in sectors like STEM, construction,‌ and agriculture.
  • The ‌”New Americans in Houston” report was unveiled at an event discussing immigration’s impact on ⁢the​ Houston economy.

Summary of “New Americans in ⁤Houston” Report

The⁣ “New Americans in Houston” report, released by the American Immigration Council, highlights⁤ the substantial economic contributions of immigrants in‌ the Houston metro area. In 2021, immigrant households earned a remarkable $66.5 billion in income, paying $11.1 billion in federal taxes and $5.2 billion in ‌state and ⁤local taxes. This left them with a significant‍ $50.2 billion in spending ‍power,⁤ which fuels the local ‌economy.

Immigrants are not only contributing financially but also fulfilling‌ critical roles​ in the workforce. They make up 30.1 percent of the working-age population and ⁢31.0 percent‍ of the employed labor force. Their entrepreneurial spirit is ‌evident,⁣ with 41.9 percent of them being business owners. They are also essential in‍ STEM‌ fields, agriculture, ⁤and construction, representing 35.5 percent, 44.1 percent, and 50.3 percent ‌of workers in these⁢ sectors,⁢ respectively.

The report’s launch event, “Houston: Poised to⁣ Lead,”⁢ was a significant gathering ‍of over ⁣130 ‍business leaders and officials.⁣ It featured discussions on⁢ immigration’s importance to the local economy​ and strategies for leading ​the national conversation‍ on⁣ immigration ‌policies. The event also emphasized ⁤the potential for‍ naturalization among Houston’s immigrant population, with 244,557 individuals eligible to become citizens.

Several ‍organizations, including the Texas Association of Business and the American Leadership Forum, ⁢supported the report’s release,‌ showcasing a unified approach to understanding and enhancing the role of ⁤immigrants in Houston’s ​economic landscape.

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