Dallas Forum on the Economic Benefits of Immigration Reform

Posted by on July 01, 2014.

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Today, AT&T Inc., the Dallas Regional Chamber of Commerce, FWD.us, the Texas Association of Business and the Texas Business Leadership Council hosted a forum to discuss the positive economic impact of immigration reform in the United States. The event was held at the George W. Bush Presidential Institute at The George W. Bush Presidential Center and brought together leaders from the business, media, faith and advocacy fields. Speakers included: Randall L. Stephenson, Chairman and CEO, AT&T Inc.; Joe Green, Founder and President, FWD.us; Bill Hammond, CEO, Texas Association of Business; Dr. Daniel Sanchez, Southwestern Baptist Theological Seminary; State Rep. Jason Villalba, R-Dallas; and Scott Braddock, The Quorum Report, who will moderate the event.

“Immigration reform in the United States is long overdue, and we are thrilled to host this event to discuss the positive impacts reform will have on the economy of Texas and nation as a whole,” said FWD.us President and Founder Joe Green. “Immigration reform will enable us to create an economy with opportunity for all. Further, it would grow our economy by $37 million every day, according to statistics from the Congressional Budget Office. We owe it to ourselves and future generations to fix our broken immigration system now and secure a brighter tomorrow for all Americans.”

Texas is home to over 4 million immigrants – or roughly 1 in 6 Texans – and immigrant entrepreneurs are vital to the state’s economy. Further, highly-skilled immigrant workers have a significant presence in the state and contribute to the success of employers based in Texas.

Expanding the high-skilled visa program would create an estimated 36,400 new jobs in Texas by 2020, according to the American Immigration Council. By 2045, approximately $13 billion could be added to gross state product by expanding the high-skilled visa program. Finally, personal income could increase by more than $11 billion during that time.

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