SAN ANTONIO (KTSA News) — At some point, you have likely visited a business owned by an immigrant.
There’s a new report from New American Economy that finds 30 percent of San Antonio businesses are immigrant owned.
Kate Brick, Director of State and Local Initiatives at New American Economy tells us their report proves San Antonio knows firsthand the economic benefits of embracing immigration.
“This research underscores the value of a diverse community for a vibrant and competitive local economy and supports San Antonio’s efforts to join other Texas cities in creating local policies that are inclusive, stimulate growth, and attract talent from across the globe.”
Brick says immigrants are making up a significant portion of the city’s workforce.
Including 19 percent of science, technology, engineering and math workers. About 23 percent of manufacturing workers are immigrants as are 35 percent of construction workers.
“That amounts to a sizable financial contribution. Immigrant households in San Antonio contributed nearly 1 billion dollars in taxes.”
The study was conducted through a partnership with New American Economy, the City of San Antonio and the San Antonio Chamber of Commerce.
It gives insight to contributions to social security and medicare. The percentage of immigrants that make up San Antonio’s population growth and how much money was earned by immigrant households. You can take a look at the report by following this link.