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Recipients in Mexico Favor Receiving US-Sent Remittances Through Companies that Contribute to Local Economic Development and Job Creation Projects
Date:5/7/2008

s, has been one of the first institutions to examine the potential for job and entrepreneurship creation through the involvement of Diaspora, governments and the private sector. This study represents a groundbreaking exploration of Mexican families' attitudes regarding remittances and multiplier programs designed to extend their local productive impact.

Harry Pachon, President of TRPI, notes: "This study shows the migrant community is in favor of more projects favoring economic development and job creation."

Mike Baselice, a consultant for the TRPI, presented the results of the survey in Mexico City and underlined some of its most important findings:

- Remittances are part of the fabric of life for many families in Mexico:

32% of the respondents have received one to two remittances in the past

year, 35% have received three to five remittances and another third

(33%) have received six or more.

- Economic considerations dominate concerns of the Mexico-based

respondents and their friends and families in the US: jobs and the

economy was mentioned at the top concern by 48% of respondents and by

every respondent (100%) by the third mention; 54% of respondents said

jobs and salaries was the most important issue facing friends and family

members living in the US.

- Around one-third of respondents are aware of groups and programs working

to extend the productive impact of remittances: 34% indicate some

awareness of Clubes de Migrantes in the US that send money back to

communities in their region; 32% indicates awareness of programs where

Clubes de Migrantes send money to Mexico that is matched by dollars from

SEDESOL and state and local governments for infrastructure or economic

development (the 3x1 Program).

- 94% said they are in favor of the 3x1 Program.

- When asked if they were in favor of a program than incl
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SOURCE The Tomas Rivera Policy Institute
Copyright©2008 PR Newswire.
All rights reserved

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