South Burlington, VT — Today Vermont Business Roundtable leaders marked the National Day of Action with release of a report that showcases new research on immigration contributions in Vermont, and highlights the critical need for immigration reform. The event marked the launch of the Reason for Reform campaign, an effort taking place in all 50 states today, sponsored by the Partnership for a New American Economy (NAE).
The Reason for Reform campaign brings together state business, civic, and cultural leaders to urge Congress to take action on immigration reform. Today’s Day of Action event coincides with the release of a new research, including data on the foreign-born population in Vermont, their tax contributions, their spending power, and their role in Vermont’s key industries as leaders and job creators.
“I strongly believe that immigration reform is part of the solution to increase our workforce to support needed economic growth, and the Roundtable is committed to supporting broader legal immigration,” said Michael Seaver, Vermont President of People’s United Bank and Roundtable Vice-Chair.
The Contributions of New Americans in Vermont shows that immigrants make up nearly four percent of the state’s population and contributed $192.3 million in taxes, or 3.8 percent of the total share in 2014. That same year, immigrants earned $654.7 million, or roughly four percent of all earnings in the state.
Immigrants in Vermont contribute to key industries such as restaurants and food services, healthcare, and crop production. They make up just over three percent of all entrepreneurs in the state, and play a large role in science, technology, engineering, and math (STEM) fields, a major component of U.S. economic growth. These and other key statistics on immigrants in Vermont can be found in the NAE report here.
“I believe immigration reform is an important part of the overall strategy to grow Vermont’s population to support all sectors of our economy in all regions of the state” said Mark Foley, CEO of Foley Services, Roundtable board member and Chair of the Economic Development Working Group.
The Reason for Reform campaign is launching in all 50 states today to urge Congress to take action on immigration reform. More information can be found at www.RenewOurEconomy.org.
About the Partnership for a New American Economy: The Partnership for a New American Economy brings together more than 500 Republican, Democratic and Independent mayors and business leaders who support immigration reforms that will help create jobs for Americans today. The Partnership’s members include mayors of more than 35 million people nationwide and business leaders of companies that generate more than $1.5 trillion and employ more than 4 million people across all sectors of the economy, from Agriculture to Aerospace, Hospitality to High Tech and Media to Manufacturing. Partnership members understand that immigration is essential to maintaining the productive, diverse and flexible workforce that America needs to ensure prosperity over the coming generations. Learn more at www.RenewOurEconomy.org.
About the Vermont Business Roundtable: The Vermont Business Roundtable (VBR) is a nonprofit, nonpartisan organization of chief executive officers of Vermont’s leading private and nonprofit employers, representing geographic diversity and all major sectors of the Vermont economy. The Roundtable is committed to sustaining a sound economy and preserving Vermont’s unique quality of life by studying and making recommendations on statewide public policy issues. Learn more at www.vtroundtable.org.