IMMIG BOO$T
Arrivals account for $100B in city: Stringer
NOT EVEN President-elect Donald Trump’s most blustery rhetoric can erase the impact immigrants have on the Big Apple’s economy, the city’s chief financial officer said Tuesday.
Immigrants in the five boroughs earn about $100 billion in total income, and account for 46% of the city’s workforce, a boon that would be undone by federal anti-immigrant policies, Controller Scott Stringer said.
A new analysis from Stringer’s office shows that New York City has more than 3.3 million immigrants from more than 150 countries, a foreign-born multitude that makes up 40% of the city’s population.
“We have not just a moral imperative to be true to our values and stand up to anti-immigrant policies, but an economic imperative as well,” Stringer said.
“The contributions that immigrants make to our economy are enormous. Religious bans, threats of mass deportations, registries — all are antithetical to our legacy as New Yorkers and Americans.”
Stringer said foreign-born workers are represented in a number of core city sectors including technology, finance, entertainment and medicine.
“We come here, we’re hardworking,” said Eddie Almonte, 30, who came to the U.S. in 2003 from the Dominican Republic.
Almonte, a Westchester resident, has a green card and works in the city driving delivery trucks for beer companies.
“We’re trying to make a living and get a better future.”
“I think it’s kind of wild that all these Trump supporters are saying immigrants come here and don’t do their part,” said Jhonny Lopez, 28, a tattoo artist from Colombia. “It’s insane to me when people think immigrants are freeloaders, because they’re not. It’s just not factual.”
Stringer said his analysis shows several key findings that should refute any antiimmigrant rhetoric: l More than 83,000 New York City business owners are immigrants, as well as 54% of all self-employed New Yorkers. l Immigrants are homeowners: 46%, or 451,000, of the city’s 991,000 homeowners are foreign-born. l Every year, immigrant New York families pay an estimated $8 billion in city and state personal income taxes and approximately $2 billion in city property taxes.
The analysis focused on immigrants who are properly documented.