Economic Impact of New Americans

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Economic Impact of New Americans

As immigration continues to be at the center of the national discussion one of the important implications is the economic impact that immigrant workers have on the local economy. To provide empirical insight the New American Economy – a bipartisan research and advocacy organization fighting for smart federal, state and local immigration policies to grow the economy – produced an economic impact study of New Americans in Chicago.

By following the link you can read the full economic impact but the New American Economy did identify some noteworthy insights on migration origins, industries, and innovations produced by immigrants arriving from around the world. The Schaumburg Business Association synthesized some of the most relevant facts as it can relate to the Schaumburg economy.

  • Top Five Countries of Origin: 
  • Mexico – 44.5%
  • China – 6.4%  
  • Poland – 5.8%
  • Philippines – 3.6%
  • India – 3.5%

The diversity of origin is reflected in the complexation of greater Chicagoland and especially in Schaumburg. Nearly 20% of Schaumburg’s residents are immigrants from the broad region of “Asia” which is reflected in the New American Economy data with China, Philippines and India all being in the top five origin destinations of immigrants arriving in Chicagoland.

  • Immigrant Labor Force Participation: 
  • Manufacturing – 48%
  • General Services – 35.8%
  • Accommodation and Recreation – 34.9%
  • Transportation and Warehouses – 29.6%

With Illinois’ record low unemployment rate the critical challenge before employers in Schaumburg, and Chicagoland, is the ability to fill open positions to keep up with demand. The data provided by the New American Economy is beneficial to those industries that have a difficult time attracting domestic talent. Though manufacturing employs 17% of Schaumburg’s economy local firms still struggle to attract talent into their facility. The data available suggest that while manufacturing is not appealing to Americans it is a path for economic advancement for immigrants.

  • Immigrants Occupation Concentration: 
  • Cooks – 4.6%
  • Janitors and Building Cleaners – 4.0%
  • Maids and Housekeepers – 3.1%
  • Truck Drivers – 2.9%
  • Hand Movers – 2.1%
  • Production Workers – 2.0%

Recognizing industry insight is important but more important is the type of occupations that immigrants are concentrating. The occupation concentration of immigrants is critical for Schaumburg’s service and hospitality. With 32 hotels operating in Schaumburg the data captured by the New American Economy emphasizes the importance that immigrants have on the operational success of hospitality in the Schaumburg region.

Another observation is the impact that immigrant workers have on manufacturing. This report estimates that because of immigrants over 25,000 manufacturing jobs have been retained. Immigrants present a labor pool that is willing to work for cost effective wages that is not always available with domestic talent.

The wide-ranging economic impact analysis by the New American Economy provides empirical insights into the impact that immigrants have on the Chicagoland economy. With this analysis looking at everything from taxes, DACA, entrepreneurship, household income, and much more it provides economic justification for immigration policy action. From the Schaumburg Business Association perspective this analysis demonstrates the impact that immigrant workers have on jobs within the economy. With much of Schaumburg’s workforce in manufacturing and hospitality sectors having an immigration policy that is sensible but allows for the continued economic growth is important for Schaumburg’s economic future.

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