Immigrants in the City and County San Francisco contribute significantly to the local economy through high rates of tax contributions, spending power and workforce participation, reveals a recently released report.
The new study by New American Economy was released by the Office of Civic Engagement & Immigrant Affairs and the San Francisco Immigrant Rights.
Immigrants in San Francisco bring over $7.1 billion in spending power, and pay over $2.5 billion in total taxes each year, with $1.7 billion going annually to the federal government.
There are 12,576 immigrant entrepreneurs in San Francisco providing essential services and jobs. Immigrants are over a third of San Francisco’s total population and over 70 percent of the City’s immigrants are working age (25 to 64).
“Immigration helps power the local economy. This data is more evidence that immigrants have contributed significantly to the City’s cultural and economic success,” said Immigrant Rights Commission Chair Celine Kennelly, executive director of the Irish Immigration Pastoral Center.
“Immigrants are the heartbeat of San Francisco and the nation,” said Adrienne Pon, executive director of the Office of Civic Engagement & Immigrant Affairs.
“Despite facing numerous barriers and unwelcoming policies, they bring resourcefulness, creativity, diversity, a strong work ethic, and the willingness to lay down roots in local communities and contribute resources.”
Read the full story from the Philippine Daily Inquirer: “Immigrants in San Francisco put $2.5B into US economy – new study”