Participants at a panel discussion following the release of the report.
Report by Professor Bruce Corrie is update of 2008 study
A new report, The Economic Potential of Minnesotans of Mexican Origin, estimates that 80,000 workers from this group have an aggregate income of $2.5 billion and pay $2.5 million in state taxes. The study by Concordia University economics professor Bruce Corrie is a followup to an earlier study released in 2008. While Minnesotans of Mexican origin continue to make strong economic contributions to the state, there has been a significant loss in economic assets, especially in the areas of median household income – down more than $2,000 to $34,946 – and home ownership, which dropped 7.5% from 2007 to 2013. During roughly the same period, exports to Mexico rose 237% to $2.2 billion.
The release of the report at Concordia University in St. Paul was accompanied by a panel discussion, which featured a number of prominent Latino Minnesotans, including Hector Garcia from the Minnesota Council on Latino Affairs, State Senator Patricia Torres Ray and Minneapolis City Councilmember Alondra Cano. Minnesota Business was a media sponsor of the event.