Federal Reserve Bank of San Francisco

Community Development

Making the Case – The Real Economic Benefit of Immigrant Integration to the Los Angeles Economy

Friday, August 5, 2011
8:30 am - 11:00 am

On August 5, 2011 the Asset Building Coalition of Greater Los Angeles hosted the Four First Fridays forum on the positive effect of immigrant communities on local and state economies, debunking common myths and honing in on the realities of the economic benefits. Co-hosted by the  Center for the Study of Immigrant Integration at the University of Southern California and L.A. based nonprofit adult literacy practitioner Centro Latino for Literacy, the forum engaged over 100 local stakeholders in two discussions: “The Changing Demographics of Immigrants” and “The Real Economics & Business Case for Immigrant Integration.” Stemming from the forum was the need for additional discussion on the relevance of financial institution products for immigrants in L.A. As a result of the descriptive presentations and handouts by moderator and speakers, a number of clear takeaways surfaced:

  1. Immigrants are here to stay
  2. There is a need to invest in them
  3. We are all here in this work together
  4. Immigrants represent significant economic and political purchasing power.

The Asset Building Coalition of Greater Los Angeles presents: Making the Case – The Real Economic Benefit of Immigrant Integration to the Los Angeles Economy. The ABC is network of nonprofit and for profit community asset builders who come together to share information and exchange ideas. It is where people come to see each other; people with a common interest but not necessarily a common cause. Each quarter we look at topics of interest to the members. The ABC was created in 2006 by the United Way of Greater Los Angeles and the Federal Reserve to support the development and preservation of assets for the benefit of low wealth people in Los Angeles County. Four First Fridays is the ABC’s ongoing communication forum for the exchange of information and ideas.  The forum is intended to encourage members to work together to strategically maximize resources in local communities.

Sponsors

  • Federal Reserve Bank of San Francisco
  • University of Southern California Program for Environmental and Regional Equity (PERE) at the Center for the Study of Immigrant Integration (CSII)