New Report Projects Economic Growth and Contributions for Asylum Seekers and New Immigrants Across U.S.
Today, the Immigration Research Initiative (IRI), along with representatives of Every Texan, the Colorado Fiscal Institute, and America’s Voice, hosted a webinar to release a national report with state-by-state data that projects the expected wages, economic growth, and state and local tax contributions from asylum seekers and newly arriving immigrants in the United States.
According to the report by IRI, immigrants in the United States contribute millions of dollars in state and local taxes. This figure increases as their earnings grow over time. Within the first two years of their arrival, each 1,000 new immigrant workers are projected to earn $22 million in total aggregate wages, a direct economic benefit to the region in which they are working in both the value of work produced and in added local spending power. As they continue to reside in the U.S., learn English, and gain work experience their contribution per 1,000 workers is expected to increase to $32 million a year in total wages earned.
These immigrants will also pay state and local taxes that will offset the costs to local governments. Each 1,000 new immigrant workers will add an average of $2.5 million a year to the state and local governments of their settlement, a figure that rises to $3.6 million after immigrants have been here for five years. For individual immigrants, their wages (and therefore their tax and other contributions) progress in a clear manner over time. A projection can be found here.
State by state data is also available. “Economic Projections for Asylum Seekers and New Immigrants: U.S. and 50 States”, was released in conjunction with joint Immigration Research Initiative releases of detailed state-level reports in a number of other states including in Texas with Every Texan, and in Colorado with the Colorado Fiscal Institute.
Reports from several other states are available on the Immigration Research Initiative website. Quotes from the webinar and report rollout can be found below.