It's not surprising that the study would find previously uncounted residents and income, because it was already known that these neighborhoods are home to some number of undocumented immigrants, said Esmael Adibi, an economist at Chapman University in Orange.All those illegal aliens just came here to work, but they stayed to corrupt our local politicians and business leaders. Maybe someone should whisper the word "RICO" in their ears before they go too far down the road of trying to tap into the "informal" economy.
"They tried to quantify all of that," Adibi said. "Quantification helps, because any business that wants to start any operation, they usually do market research to have a good profile of who potential customers are going to be. This type of a study gives some numbers and helps these people to better evaluate the market."
The study found that two-thirds of the households in the two neighborhoods have no documented credit histories or banking relationships. It estimated the informal economy at $183 million, or 17 percent of the area's total economy.
Social Compact is funded through fee-for-service income from its market analysis work and through contributions from Social Compact board members and private foundations. State Farm Insurance, the Ford Foundation, the Fannie Mae Foundation, Bank of America, and the John D. and Catherine T. MacArthur Foundation provided funding for the Emerging Neighborhood Markets Initiative pilot work in Chicago, the foundation from which the Drill Down techniques were developed. Government grants from SBA and HUD provide funding for the National Pilot Initiative aimed at strengthening communities anchored by MLK thoroughfares or institutions. Typically our fee-for-service income comes from private sector leaders who wish to better understand the untapped potential in specific inner-city markets and/or from municipal governments and community-based institutions that are looking for ways to articulate their intuitive sense of their neighborhoods' strengths in a business-based manner.Please contact your representatives and ask them to avoid funding groups that promote illegal immigration and corruption.
Immigration · Wed, 02/22/2006 - 05:26 · Importance: 1