New Americans in Memphis
Immigrant households contributed more than $4 billion to GDP in the Memphis metro area in 2015, and held $1.1 billion in spending power in 2015, according to a new research brief released by New American Economy. In addition to their significant financial contributions, New Americans in Memphis shows the critical role the relatively small foreign-born population plays in the Memphis workforce. Immigrants make up a significant portion of several of the area’s most important industries, despite making up just 5.2 percent of the total population. This includes 14.4 percent of all science, technology, engineering and math (STEM) workers and nearly a quarter of all construction workers.
New American Economy. (2018). New Americans in Memphis. Retrieved from http://research.newamericaneconomy.org/wp-content/uploads/sites/2/2018/02/G4G_Memphis_V4_DIGITAL-1.pdf