When municipal leaders develop and invest in naturalization efforts, it produces substantial economic and civic benefits for all of their constituents. This report finds that when someone becomes a US citizen, that person is more likely to secure employment, access higher paying jobs, and to own a home. In addition to a host of benefits for individuals, naturalization can have important macroeconomic benefits for local communities. These include a growth in spending power, higher GDP, and increased tax revenues, all of which can boost local economies. Finally, investing in naturalization can advance financial inclusion for immigrant families who are much more likely to access formal banking services after naturalizing.