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How Immigrants Contribute $5 Billion to the Akron-Canton Economy

Update The Vital Economic Role of Immigrants in Akron-Canton As highlighted in a recent study from the American Immigration Council, immigrants are a significant economic force in the Akron-Canton region of Ohio. Contributing approximately $5.0 billion to the local Gross Domestic Product (GDP) in 2023, immigrants represent 3.8% of the population but play a vital role in ensuring community vibrancy and economic sustainability. The collaborative research, prepared in association with the Ohio Business for Immigration Solutions and the Akron-Canton Advocacy Alliance, sheds light on the practical impacts of immigration—debunking the notion of immigration as a distant national concern. Understanding the Economic Contribution of Immigrants The rich contributions of immigrants extend beyond mere numbers. In 2023, these residents earned $2.5 billion in income, contributing $446 million in federal taxes and $227.5 million in state and local taxes, leaving them with a substantial spending power of $1.8 billion. This financial dynamic supports essential economic activities within local communities and bolsters consumer markets, helping small businesses thrive. According to Madison Lisotto Whalen, a representative from Ohio Business for Immigration Solutions, “The findings out of Akron-Canton confirm what we’re seeing across Ohio: immigrants are essential to the strength of our communities and our economy.” Such statements highlight the strong connection between immigrant communities and local economic resilience. Addressing Workforce Gaps through Immigration The report also underlines the role of immigrants in addressing pressing workforce shortages. Importantly, immigrant residents were found to be 21.6% more likely to be of working age compared to their U.S.-born counterparts, which means they can help fill vital roles across various industries. An impressive 8.7% of immigrants in the region work in STEM fields, contributing enormously to the technological and innovative advancements within the local economy. John Rizzo from the Akron-Canton Advocacy Alliance remarked that the biggest challenge for employers remains attracting and retaining talent. “This research paints a clear picture of the role immigrant populations play in our economy,” he noted. Employers are under growing pressure to create inclusive and enticing work environments for immigrants, as their presence is increasingly seen as pivotal for long-term community growth and sustainability. Immigrants and American Manufacturing Within the manufacturing sector, immigrants made up 6.0% of the workforce—playing a crucial part in preserving manufacturing jobs in the region. The report attributes approximately 2,700 manufacturing jobs to the contributions of immigrant workers, which could have otherwise been lost. This underscores their significant role in maintaining the integrity of American manufacturing, an industry critical to Ohio’s economy. The fusion of immigrant labor with local businesses makes the Akron-Canton region a vibrant hub of industrial activity. The Entrepreneurial Spirit in Immigrant Communities Beyond employment, immigrants also drive local economic growth through entrepreneurship. According to the data, they comprised 35.9% of all new business owners in 2023, infusing the regional market with diversity and innovation. Immigrant entrepreneurs are vital in creating jobs, contributing to the local economy, and invigorating economic corridors that might otherwise stagnate, showcasing a future where diverse backgrounds yield greater shared success. Gaining Momentum for Future Growth As Ohio continues to confront workforce challenges, recognizing the valuable contributions of immigrants will be key to shaping future economic policy. The need for more proactive immigration measures that facilitate talent accessibility is underscored by these findings. Not only do immigrants support current economic structures, but they also provide critical pathways for sustainable growth moving forward. Engaging in data-driven discussions and advocating for policy changes that reflect these realities will support Ohio’s long-term economic health. Businesses, community organizations, and policymakers must work collaboratively to create an inclusive environment that embraces diversity as an asset. Conclusion: Embracing Diversity for Sustainable Growth Ultimately, as highlighted by the recent research, immigrants are not merely participants in the economy; they are essential to the heartbeat of communal success within the Akron-Canton region. By advocating for inclusive policies and recognizing immigrants' substantial contributions, the Akron-Canton community can ensure a thriving future. Let’s actively engage in this conversation and take the necessary strides to recognize and support the immigrant workforce that fuels our region’s growth.