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Cal Lutheran Economists Win Bank of America Research Grant

The Bank for America Charitable Foundation has awarded California Lutheran University’s Center for Economic Research and Forecasting, or CERF, a $250,000 research grant to identify the total economic contribution of Hispanics by U.S. state.

This new data will build on CERF's ongoing work on the national-level Latino Gross Domestic Product Report, with the most recent edition published last September.“The award from the Bank of America is a great testimony to the high quality of work at CERF, and it enables us to contribute to the commitment the university has made as a Hispanic-Serving Institution,” Gerhard Apfelthaler, dean of the School of Management at the Thousand Oaks university, said in a statement.CERF Executive Director Matthew Fienup and Director of Economics Dan Hamilton head the research institute’s team, which includes Dr. David Hayes-Bautista, distinguished professor of medicine at UCLA's Geffen School of Medicine; and Dr. Paul Hsu, an epidemiologist at UCLA's Fielding School of Public Health.

“We work with our esteemed colleagues at UCLA under a sub-grant award,” Fienup told the Business Journal.Fienup added: “With this research, we turn our attention to the eight largest U.S. states by Latino population, which together contain nearly three-quarters of the nation's Latino population. Those states are California, Texas, Florida, Arizona, New Mexico, New York, New Jersey and Illinois.”Fienup explained that the team will calculate state-level Latino GDPs for each of the targeted states, benchmarked to the U.S. Latino GDP, and then produce a report with detailed analysis of state-level data including population, age distribution, educational attainment, household formation, labor force participation, income growth and real consumption.The next report will be released this summer.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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