Massachusetts Among States Where Immigrants Have Biggest Economic Impact: Study

MASSACHUSETTS — With President Donald Trump's push on the reform of immigration policies, personal finance website WalletHub decided the timing was perfect to compare the economic impact of foreign-born populations on the 50 states and the District of Columbia.

WalletHub conducted an in-depth analysis of 2017's Economic Impact of Immigration by State. Analysts determined which states benefit the most — and least — from immigration by using 18 key indicators, ranging from “median household income of foreign-born population” to “jobs generated by immigrant-owned businesses as a share of total jobs.”

Trailing behind California, New Jersey and New York, Massachusetts came in fourth on the list determining which makes the biggest economic impact from immigrants.

In order to determine which states benefit most from immigration, WalletHub’s analysts compared the 50 states and the District of Columbia across 18 key metrics.

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

• 14th – percentage of Jobs Generated by Immigrant-Owned Businesses Out of Total Jobs
• 10th – Median Household Income of Foreign-Born Population
• 4th – percentage of Foreign-Born STEM Workers Out of Total STEM Workers
• 14th – percentage of Foreign-Born Population Aged 25 & Older with a Bachelor’s Degree or Higher
• 7th – percentage of Fortune 500 Companies Founded by Immigrants or Their Children
• 1st – percentage of Jobs Created by Presence of International Students Out of Total Jobs
• 1st – Economic Contribution of International Students per Capita

For the full report, go here.

Photo via Wikimedia Commons