Almost 1 in 4 New Yorkers is either an immigrant, refugee, or asylee which equates to about 4.5 million people. Even with large immigrant and refugee populations, New York has not adopted policies that help these populations thrive even though they are an increasing part of the state’s economic story.
In New York, consider the following:
Immigrants generate an estimated $230 billion economic output – American Immigration Council
According to the American Immigration Council, Immigrant-owned businesses generated more than $6 billion in business income in 2014
NY loses out on about $57 million in annual government revenues as well as $26 million in one-time revenues by not expanding driver’s licenses to undocumented individuals – Fiscal Policy Institute
27% of immigrants in NYS are underemployed, which equates to roughly $5 billion in lost earnings and close to $600 million in lost state and local tax revenue - Migration Policy Institute
Key Findings on US Immigrants, Pew Research, September 2018