New Report Shows Great Economic Benefits to New Jersey with Passage of Comprehensive Immigration Reform
By Mel Fabrikant Saturday, August 31, 2013, 07:20 PM EDT
Congressman Rush Holt (NJ-12) and Congressman Raul Grijalva (AZ-3) hosted a conference call today to support comprehensive immigration reform that provides a path to citizenship, such as the Senate-passed S.744, in light of a new report detailing the economic benefits of such reform to New Jersey.
Congressmen Holt and Grijalva outlined the report’s finding, which looked at the economic impact of granting citizenship to the 550,000 undocumented residents that live, work, and raise families in New Jersey. The report finds an increase in immigrant workers’ wages as well surge in immigrant business start-ups as a result of comprehensive reform. The increased economic power of immigrants ripples through the local economy, benefiting immigrant and U.S.-born workers alike. The end result for New Jersey is a $50 billion increase in gross New Jersey product and $2.6 billion in additional tax revenue over the next decade and an annual increase of 7,245 jobs.
The report, produced by the Center for American Progress, a non-partisan research organization, and the American Federation of State, County and Municipal Employees (AFSCME, AFL-CIO), which represents a workforce of 1.6 million nationwide, measures how reform affects a number of state’s key economic indicators such as gross state product, tax receipts from undocumented workers, and job creation. It credits the increase in economic activity to five broad factors: legal protections for immigrant workers, incentives for immigrants to invest in their skills, labor mobility and efficiency, access to better jobs, and the fostering of entrepreneurship.