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Economic Impact of Refugees in the Cleveland Area

Economic Impact of Refugees in the Cleveland Area. Refugee Services Collaborative. 28-Oct-2013. Key Findings. $ 4.8 in million in per year spending by the Refugee Service Agencies yields substantial and positive results: ≈ 66% is federal money

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Economic Impact of Refugees in the Cleveland Area

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  1. Economic Impact of Refugees in the Cleveland Area Refugee Services Collaborative 28-Oct-2013

  2. Key Findings • $4.8 in million in per year spending by the Refugee Service Agencies yields substantial and positive results: • ≈ 66% is federal money • A total economic impact of $48 million per year • Refugee Spending • Refugee Service Agencies • Refugee Small Businesses • Supports 650 jobs & 2.7 million in tax revenue • 1 : 10 impact ratio

  3. Other Economic Impacts • Refugee arrivals 2000-2010 averted a 3.1% greater population decline in Cuyahoga County • Estimated 248 houses purchased from refugees arriving after year 2000 • Refugees more likely to be entrepreneurs & create small businesses • 17,000+ refugees since 1983 have settled in Greater Cleveland

  4. Economic Impact

  5. Annual Economic Impact in 2012 was $48 million and 650 jobs

  6. State of Ohio Fiscal Impact, 2012

  7. Local Fiscal Impact, 2012

  8. 4,518 Refugees Arrived Since 2000

  9. Cleveland’s Welcoming Legacy • Cleveland averaged: • ≈ 570 refugees a year 1983-2004 • ≈ 330 refugees a year 2005-2012

  10. Thriving In Cleveland • Employment & wage profile of refugees in Cleveland is better than national norms • 73.5% employed (2012) vs. 58% national norm (2006) & 68.2% in select cities (2008) • 8.1% receiving public assistance after 2-years (2012) vs. 12.4% in select cities (2008) • Household income $31,000 (2012) vs. $25,000 in select cities (2008) • After 5 years, 58% of refugees over the age 16 were employed vs. 63% for U.S. population • 69% of refugee households are completely self-sufficient • No macroeconomic findings that refugees raise unemployment rates among the native population • Second generation educational attainment is higher than overall population

  11. Questions? Thank You!

  12. Top 15 countries account for 91% of all refugees to the area

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