Thursday, October 1, 2009
NEW AMERICANS IN THE PINE TREE STATE: Immigrants, Latinos, and Asians are an Economic Powerhouse in Maine
The Immigration Policy Center continues providing helpful information about the positive economic impacts of immigration on the various states. Its latest report compiles research that shows that immigrants, Latinos, and Asians are an integral part of Maine's economy and tax base. As workers, taxpayers, consumers, and entrepreneurs, immigrants and their children are an economic powerhouse. As the state's population ages, immigrants and their children will play a key role in shaping the economic and political landscape of the Pine Tree State. Highlights from Maine include:
• Immigrants make up 3.4% of Maine's total population.
• More than 50% of immigrants in Maine have become naturalized U.S. Citizens who are eligible to vote.
• The purchasing power of Maine's Latinos totaled $363 billion and Asians totaled $303 million in 2008.
• In the next two decades, Maine's ratio of seniors to working-age adults will increase by 93%, "making businesses hard pressed to find replacements" which could stunt economic growth in the state.
• If all unauthorized immigrants were removed from Maine, the state would lose $137 million in expenditures, $60.9 million in economic output and approximately 1,080 jobs.
There is no denying the contributions immigrants, Latinos, and Asians make and the important role they play in Maine's political and economic future. For more data on their contributions to Maine's economic future, view the IPC fact sheet in its entirety. Download New%20Americans%20in%20the%20Pine%20Tree%20State%202009