Report: State Receives Billions in Economic and Tax Contributions by Immigrants
Aside from paying taxes, immigrants in New Mexico have $3.2 billion in purchasing power and immigrant-owned businesses have annual sales of $4.4 billion. Those are among the economic contributions immigrant residents make that support other local businesses and jobs. “Immigrants are actually twice as likely to start a company as are folks who were born here,” said James Jimenez, executive director of NM Voices. “These companies create jobs and economic activity that we would otherwise not have.”