Hispanics contribute $14.5 billion to local economy

A study released states that the Hispanic community has contributed about $14.5 billion to the local economy.

Excerpt:

The study, conducted by Wayne State University’s Center for Chicano-Boricua Studies and the WSU Center for Urban Studies, found that residents of Hispanic descent contribute about $14.5 billion to the local economy. The community in seven counties of Southeast Michigan grew by 27.9 percent since 2000. Growth in Wayne County was about 39 percent.

Hispanic economic impact exceeds population percentage, the study found. Hispanics comprised 3.5 percent of the region’s total population in 2006 but accounted for 6.5 percent of the total employment, 6.4 percent of total earnings and 6.2 percent of the total economic output in Southeast Michigan.

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