Report: Immigrants vital to NYC economy

statue of liberty government shutdown
New York City is still a thriving home for immigrants, a state report found.
Credit: Spencer Platt/Getty Images

A new report from State Comptroller Thomas DiNapoli found that despite being hit the hardest by the recession, New York City immigrants are playing a huge role in keeping the city’s economy thriving.

Immigrants were to thank for about $210 billion in economic activity in 2011, approximately 31 percent of the city’s gross city product — the municipal-level version of GDP, essentially the size of the economy and a major indicator of how well the city’s economy is doing.

Not only are immigrants responsible for nearly a third of the city’s economy, they also make up nearly half of the city’s workforce.

In fact, immigrants are the major drivers boosting some of the neighborhoods that are economically on the rise: Coney Island, Corona, Elmhurst, Flushing, Jackson Heights and Washington Heights, according to the report.

The report also found that immigrants are not limited to lower-paying occupations: they are apparently comprising a notable number of the city’s physicians, accountants, auditors and financial managers.

While immigrant wages dropped by about 12 percent from 2007 to 2009, during the recenssion, they bounced back and then some in the two following years with an increase of about 16 percent. The number of businesses in the ten neighborhoods the Census defines as having the highest number of immigrants grew by nearly 23 percent. Businesses in other areas of the city grew by only 7 percent, the report found.

Follow Danielle Tcholakian on Twitter @danielleiat



News
Entertainment
Sports
Lifestyle
Breaking: National

Peter Theo Curtis: American released by Syrian militants…

An American writer freed this week from two years in the captivity of insurgents in Syria spoke briefly outside his family's Cambridge home Wednesday of…

News

Rock legend Neil Young files for divorce after…

The legendary Canadian rocker Neil Young has filed for divorce from his wife of 36 years.

Local

FDNY debuts new fire simulator for blazes at…

The New York City Fire Department christened its newest, state-of-the-art, custom-built simulator at its training academy on Randall's Island Tuesday.

Local

Brewer celebrates Women's Equality Day with voter pledge

Manhattan Borough President Gale Brewer celebrated Women’s Equality Day Tuesday by pledging to register at least five women voters before the Oct. 10 deadline. Brewer…

Movies

Review: 'The Last of Robin Hood' is a…

Dakota Fanning plays Errol Flynn's (Kevin Kline) teenage gal pal in "The Last of Robin Hood," which takes a scandal and makes it dully empathetic.

Movies

Review: The uneven 'Life of Crime' mostly gets…

Elmore Leonard's "The Switch" becomes the new indie crime dramedy "Life of Crime," with Jennifer Aniston as a kidnapped woman whose husband won't pay up.

Movies

Review: Pierce Brosnan gets a cut-rate Bond knockoff…

Pierce Brosnan tries to reclaim his glory days with the spy thriller "The November Man" but instead gets a sad DTV-style ripoff with lame action.

Music

Tiesto headlines Made in America

Electronic music legend Tiesto is ready to get in touch with his inner Rocky at the Jay Z-curated Budweiser Made in America festival this weekend…

College

When are 2014 college football playoffs? (Schedule, date,…

When and where are 2014 college football playoffs? A look at the schedule, date, TV, time for the semi-finals at championship game.

NFL

Dimitri Patterson suspended only for rest of preseason…

Dimitri Patterson ended up getting just a slap on the wrist.

Sports

Eugenie Bouchard excited for 'rowdy' fans at US…

Eugenie Bouchard is sure to endear herself to New York's tennis faithful as she tries to win her first grand slam title across the next two weeks.

MLB

MLB Power Rankings: Angels and A's still at…

MLB Power Rankings: Angels and A's still at top, Nationals climb

Career

Stop eating lunch at your desk

What are you doing for lunch today? If you are like most workers, you'll be eating at your desk - which isn't much of a…

Parenting

Lure your baby to sleep with Maroon 5…

These new renditions of "Moves Like Jagger" and "Payphone" are Maroon 5 like you've never heard them before.

Wellbeing

Who is having the most orgasms?

  Single lesbians report having orgasms more often than heterosexual women but both gay and straight men still come out on top of the climax…

Home

Jonathan Adler shares his tips for a great…

Jonathan Adler took a break from boogie boarding at his beach house to tell us how to keep that Labor Day party festive.