AUSTIN, TX — Noviembre 17, 2021 — (NOTICIAS NEWSWIRE) — Hispanics are making it rain in Texas.
A new study released this week highlights the significant and vital role Tejanos play in the labor force and the economy not only statewide, but also in the predominantly Latino cities of Austin, Brownsville, Dallas, and Fort Worth, El Paso, Houston, and San Antonio.
The research by Texans for Economic Growth —a statewide business coalition powered by New American Economy (NAE)— found that Hispanics are helping fuel the state’s population growth more than any other group. Between 2010 and 2019, the U.S.-born Hispanic population grew by almost 27 percent, and the foreign-born Hispanic population grew by 8 percent. In 2010, 37.7 percent of the population in Texas was Hispanic. That grew to almost 40 percent in 2019.
Another key finding is that more Hispanics in Texas work than non-Hispanics. Statistics show that 67 percent of the state’s Latinos are active in the labor force compared with 61 percent of the non-Hispanic population.
That is part of the reason why, in 2019, Tejanos:
- Earned $213.8 billion in income
- Spent $162.4 billion on goods, services, and investments
- Contributed $32.6 billion in federal taxes
- Contributed $18.7 billion in state taxes
These findings and more from the study — prepared in partnership by the Texas Association of Business and the Texas Association of Mexican American Chambers of Commerce (TAMACC) — will be shared at a virtual roundtable webinar Thursday moderated by TAMACC Executive Director J.R. Gonzales, who also hosts the Latino Business Report podcast. Participants in “The Power of the Purse: The Contributions of Hispanic Texans” include Anette Landeros, President and CEO of the Fort Worth Hispanic Chamber of Commerce, Massey Villarreal, incoming Chairman of the Texas Association of Business, and Dr. Sandi Wolff, Head of Strategic Relations and Membership for the San Antonio Hispanic Chamber.
“As we prepare for the post-pandemic economic recovery, it is important to know how Hispanics can and will contribute to keep the Texas economy thriving,” Gonzales said. “The new data shows Hispanics can demand a seat at the table now that we can show that what we bring to the dinner party is crucial.”
To participate in the webinar that begins at 10 a.m. Thursday, register here.