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TN Chamber Prez Lauds New Report on Positive Impact of Immigration Reform

Press release from the Tennessee Chamber of Commerce; September 12, 2013:

Nashville, TN –Catherine Glover, President of the Tennessee Chamber of Commerce and Industry, reacted to a new report released today by the Americas Society/Council of the Americas (AS/COA) and Partnership for a New American Economy that shows immigration helps to create and preserve manufacturing jobs, and to increase housing wealth.

“This is just one more study that illustrates the positive impact that substantive immigration reform will have on our economy,” said Catherine. “The national manufacturing industry has struggled to keep jobs in the U.S., and our state’s manufacturers are no different. Reforming our broken immigration system will allow us to revitalize more Tennessee communities that rely on manufacturing jobs.”

The data shows that immigrants play a significant role in the preservation or creation of U.S. jobs, particularly in the manufacturing sector. For every 1,000 immigrants living in a county, 46 manufacturing jobs are created or preserved that would otherwise not exist or have moved elsewhere.

Glover added, “Builders and contractors across the state understand the positive impact immigration reform can have on their business capacity, but the average American citizen stands to benefit from reform, too, because immigrants actually help boost housing wealth.”

Immigrants inject new life into cities and rural areas, making once declining areas more attractive to the U.S.-born population. For every 1,000 immigrants that arrive to a county, 270 U.S.-born residents move there in response. At the same time, the average immigrant who moves to a community raises the total value of housing wealth in his or her county by $92,800.

“This report is one of many that shows the positive economic impact of immigration reform is well worth our elected officials’ time, energy, and careful consideration.”

The data for this report was provided in the U.S. Census and American Community Survey, and was compiled by Professor Jacob Vigdor of Duke University.

More Findings:

  • The more than 40 million immigrants currently in the U.S. have created or preserved 1.8 million manufacturing jobs nationally.
  • Attracting 100,000 new immigrants per year would preserve 4,600 American manufacturing jobs and grow U.S. housing wealth by $80 billion annually.
  • The more than 40 million immigrants are responsible for an estimated $3.7 trillion boost to home equity.

About Americas Society/Council of the Americas

Americas Society/Council of the Americas (AS/COA) unite opinion leaders to exchange ideas and create solutions to the challenges of the Americas today. Americas Society (AS), the recipient of a grant from the Rockefeller Brothers Fund to produce this research, was established by David Rockefeller in 1965 and is the premier forum dedicated to education, debate and dialogue in the Americas. Council of the Americas (COA), affiliate organization to AS, is the premier international business organization whose members share a common commitment to economic and social development, open markets, the rule of law, and democracy throughout the Western Hemisphere. Recognizing the link between U.S. immigration and overall hemispheric relations, AS/COA launched its Integration and Immigration Initiative in 2007 to draw on its public–private convening power in order to bring together key constituencies in new gateway cities and to produce research on the link between changing demographics and economic competitiveness. Visit us at www.as-coa.org.

About Partnership for a New American Economy

The Partnership for a New American Economy 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. The Partnership’s 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. Partnership 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.RenewOurEconomy.org.

This research was made possible with partial support from the Rockefeller Brothers Fund. The opinions and views of the authors do not necessarily state or reflect those of the Fund.

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