What are the financing wants and needs of the various professions represented by the individuals and families in our banking communities? Agriculture, health care, manufacturing, service industries and more.
What are the financial preferences and interests represented in the generations? Baby Boomers, Gen X & Y and more.
What are the banking experiences and desires of our newest ethnic & cultural groups? East African, Hmong, Southeast Asian, Latino and more.
The ethnic/cultural changes and the emerging opportunities they provide especially interest me. I am excited to note a brand new resource is available to keep us informed on the history and future of immigration in the Midwest. I took a look and quickly decided to pin it to my Favorites Bar.
Generated by scholars and graduate students at the Humphrey School of Public Affairs, the resource “includes unbiased, current data on the numbers and characteristics of immigrants and refugees in 12 Midwest states.”
Here are some key facts I learned from the website that tell me paying attention to this topic is critical to our business.
FIVE STRIKING FACTS ABOUT IMMIGRATION IN MINNESOTA
1. Ranks 21 out of the 50 states in size of the foreign-born population.
2. The foreign-born population in Minnesota grew by 235% between 1990-2010-- the second largest rate of change in the Midwest, after Nebraska.
3. Minnesota is the Midwest’s principal gateway state for refugees. Since 2000, Minnesota has accepted 35,410 refugees from 43 countries.
4. Minnesota has the largest number of African refugees in the Midwest and is home to the largest Somali refugee community in the United States.
5. Minnesota is also home to the country’s second largest Hmong refugee community, and hosts the largest urban concentration of Hmong in the world.
Posted by Lois Schmidt, NRS, Willmar
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