Bruce Corrie, Dean of the College of Business at Concordia University, has released a report that attempts to quantify the “ethnic capital” of Liberian immigrants in the US as a whole and the state of Minnesota in particular.
Though a small community, Liberians in the United States and Minnesota have a significant impact on the national and local economy. This report will document the multidimensional economic contributions of Liberians in Minnesota and the nation. The local analysis in Minnesota can help estimate the national economic contributions of this community to the nation.
– Liberians in the United States have a buying power of over a billion dollars. This is equivalent to two times the GDP of Liberia in 2005.
– In Minnesota Liberian buying power is an estimated $157 million dollars which is almost as large as the 2007-08 Liberian National Budget of $199 million dollars.