The Hispanic Chamber of Commerce of Metro Orlando provides leadership and support for the economic development of the Hispanic business community of Metro Orlando and Central Florida
The Chamber engages in public policy discussions in order to promote economic development for Hispanic businesses in Metro Orlando and Central Florida. Currently, immigration laws inadequately provide a balanced, workable solution for companies and essential workers needed in crucial areas of commerce. Additionally, current discussions on rescinding the Deferred Action for Childhood Arrivals (DACA) program would negatively impact the United States economy. Therefore, the Chamber supports establishing meaningful and comprehensive immigration reform.
· 43% of Fortune 500 companies established in 2017 were founded or co-founded by an immigrant or the child of an immigrant.
· 86% of immigrant owned businesses that generated at least $1 million in annual revenue are owned by millennials who immigrated as children.
· In 2014, there were approximately 912,472 undocumented entrepreneurs in the United States, often creating American jobs and generating approximately $17 billion in business income.
· A path to earned citizenship for the 1.3 million people enrolled and eligible for DACA would result in a boost to U.S. GDP by $281 billion, generate $425 million in additional state and local tax revenue annually, and add nearly 2 million jobs to the U.S. economy.
· A policy of mass deportation would immediately reduce the nation’s GDP by 1.4 percent, and ultimately by 2.6 percent, and reduce cumulative GDP over 10 years by $4.7 trillion.
· Mass deportation would cost the federal government nearly $900 billion in lost revenue over 10 years.
The Chamber supports open dialogue with community, business and political leaders bringing forth a collaborative effort in creating a comprehensive approach to immigration policy affecting our businesses and community alike. The Chamber recommends reform for H-1B visa allocation, a path to citizenship for those enrolled and eligible for DACA, and fair and reasonable enforcement of immigration policy on a federal level.
To read the full DACA resolution, click here