TALLAHASSEE, Fla. – Feb. 14, 2017 – On the national stage, President Donald Trump’s immigration-policy reform actions will probably affect state economies and perhaps the real estate industry, though it’s not yet clear what the rules will be or their impact.
WalletHub analyzed data to weigh how each state’s potential impact, however, based on a ranking of its immigrant residents and business owners. They compared 50 states and the District of Columbia across 18 key metrics, ranging from “median household income of foreign-born population” to “jobs generated by immigrant-owned businesses as a share of total jobs.”
Overall, WalletHub found that Florida ranked 13 out of the 50 states. However, the state ranked in the top 10 percent in selected categories analyzed, including immigrant-owned businesses, percentage of foreign-born workers and the share of Florida’s population that wasn’t born in the U.S.
Immigrants’ economic impact on Florida (1=Biggest impact; 25=average)
» 4th –Percent of jobs generated by immigrant-owned businesses out of total jobs
» 27th – Net difference between state & local revenues and expenditures per individual immigrant
» 11th –Percent of foreign-born STEM workers out of total STEM workers (STEM means an educational background in science, technology, engineering or mathematics)
» 16th –Percent of Fortune 500 companies founded by immigrants or their children
» 27th –Percent of jobs created by international students out of total jobs
» 5th – Share of foreign-born workforce
» 4th – Share of foreign-born population
Source: Florida Realtors