Tennessee’s immigrants have 10th smallest economic impact in US, study says

(WalletHub | WalletHub)
Published: Jan. 29, 2019 at 11:34 AM CST
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MEMPHIS, TN (WMC) - With immigration reform remaining one of the biggest policy issues in 2019 and border security taking center stage in the longest government shutdown in history, the personal-finance website WalletHub has released its report on 2019′s Economic Impact of Immigration by State as well as accompanying videos.

In order to determine which states benefit most from immigration, WalletHub compared the 50 states and the District of Columbia across 20 key metrics, ranging from median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs.

Immigrants’ Economic Impact on Tennessee (1=Biggest Impact; 25=Avg.):

42nd – % of Jobs Generated by Immigrant-Owned Businesses Out of Total Jobs

32nd – Net Difference Between State & Local Revenues and Expenditures per Immigrant

42nd – Median Household Income of Foreign-Born Population

35th – % of Foreign-Born STEM Workers Out of Total STEM Workers

27th – % of Foreign-Born Population Aged 25 & Older with a Bachelor’s Degree or Higher

33rd – % of Fortune 500 Companies Founded by Immigrants or Their Children

38th – % of Jobs Created by Presence of International Students Out of Total Jobs

43rd – Economic Contribution of International Students per Capita

To read the entire report, and see where Mid-South states ranked, click here.

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