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Tuesday, April 15, 2025

U.S. Latina GDP doubles since 2010 to reach $1.3 trillion, CERF reports

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Lori E. Varlotta President | Official website of California Lutheran University

Lori E. Varlotta President | Official website of California Lutheran University

The Center for Economic Research and Forecasting (CERF) has released a report revealing that the GDP of U.S. Latinas has doubled since 2010, reaching $1.3 trillion in 2021. According to CERF Executive Director Matthew Fienup, "the total economic output of Hispanic females in 2021 is larger than the entire economy of the state of Florida." The Bank of America U.S. Latina GDP Report, released in August 2024, highlights this group's significant impact on the economy, particularly in terms of economic output, labor force participation, and growth.

Fienup noted, "These daughters and granddaughters of immigrants combine the extraordinary and selfless work ethic of their elders." The report's insights were produced by Fienup along with several researchers from different institutions. Other key findings include Latina GDP growing at a rate 2.7 times that of non-Hispanic GDP and Latina labor force participation growing more than 12 times that of non-Hispanic females.

Fienup explained, "This population of Latinas entering the U.S. labor force during our period of study are overwhelmingly second- and third-generation Americans."

In another development, Leanne Neilson, provost and vice president for Academic Affairs at Cal Lutheran, has been recognized as the Educational Leader of the Year 2025 by the Ventura County Leadership Academy (VCLA). With over 30 years of service and involvement in various local community organizations, Neilson attributes the award to her dedication and service.

Reflecting on her role, Neilson oversees all areas of Academic Affairs and continues to contribute to external organizations, such as United Way’s Women United and TOArts. She will receive the award at the upcoming 22nd Annual VCLA Journey to Leadership Awards on April 24.

Cal Lutheran Interim President John A. Nunes began the year by participating in the 136th Tournament of Roses Parade. He rode on the Lutheran Hour Ministries float, themed “Behold! Jesus the Savior is Born.” Nunes expressed joy despite his "sore arms from waving, a sore face from smiling, and a hoarse voice after a day of Rose Bowl Parade greetings." The parade route welcomed approximately one million spectators, along with a television audience.

Another recent appointment at the university is Brian Fahnestock as interim vice president of Administration and Finance and chief financial officer. Beginning his role on January 6, Fahnestock brings over 30 years of experience, including roles in various educational institutions. Interim President Nunes commented on Fahnestock's ability to quickly adapt and lead organizations towards success.

In the realm of sports, Angel City Football Club (ACFC) has opened a new training center at Cal Lutheran. The facility, praised for housing state-of-the-art features and technology, is a result of a collaboration between ACFC and Cal Lutheran. Julie Uhrman, president and co-founder of ACFC, highlighted the importance of the partnership. Interim President John Nunes emphasized the mutual inspiration derived from this collaboration, noting its alignment with shared values.

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