$2 Billion + Hmong Economy in Minnesota

March 23, 2022 Dr. Bruce Peter Corrie Data, Policy, Reports, Research/Data Comments Off on $2 Billion + Hmong Economy in Minnesota

Bruce P. Corrie, PhD, Professor of Economics, Concordia University -Saint Paul.

The Hmong Economy in Minnesota is an estimated $2+ billion dollars and includes over a billion dollars in buying power, 35,000 workers and an estimated 9000 businesses with over a billion dollars in sales. Hmong Minnesotans pay an estimated $138 million in state and local taxes. Hmong renters pay $7.6 million monthly to property owners fueling the local real estate market. This does not include the value of talent of Hmong workers or estimates of residential real estate or the strong Hmong presence as professional workers – academic, technical, medical, scientific and business leaders. 37 percent of the Hmong population are youth indicating an important talent pool to help keep Minnesota globally competitive. Only 36 percent of Hmong are foreign born. These estimates are derived from data from Minnesota Compass offering data from the latest American Community Survey as well as projections from the Survey of Business Owners.

About Dr. Bruce Peter Corrie 74 Articles
Economist rooted in the experience of ALANA (African Latino Asian Native American) communities with expertise in economic and academic inclusion and community empowerment. Pioneering work in the creation of "Cultural Destinations" a strategy to leverage cultural assets for wealth building in low income diverse communities. My work has been inspired by Mother Teresa, Mahatma Gandhi, Nelson Mandela, Dr. Martin Luther King, Jr., and Paulo Freire. Economist and a steward of the ALANA Brain Trust which works to bring capital and capacity to the ALANA communities.
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