Powering Greater Boston's Economy: Why the Latino Community Is Critical to Our Shared Future

Powering Greater Boston's Economy: Why the Latino Community Is Critical to Our Shared Future

The Latino community is helping to drive the growth and demographics of the population in the greater Boston region as well as its economy, a report from the Boston Foundation and the Boston Planning and Development Agency finds. According to the report, Powering Greater Boston's Economy: Why the Latino Community Is Critical to Our Shared Future (24 pages, PDF), more than 20 percent of the population in the city and a third of its children are Latino — and without whom the region's population would be near 1980 levels. The report also found that the Latino community contributes $9 billion in economic activity, represents 14 percent of the workforce, and owns more than 10 percent of the privately held firms in the region. At the same time, Latinos are overrepresented in low-paid occupations and, because they're less likely than other groups to go to college, often face barriers to high-skill employment. With nearly half of all new jobs in the region through 2024 likely to require at least a college degree, the report calls for stepped-up efforts to increase English proficiency and educational attainment among Latinos.