Research efforts from Michigan State University, the University of Michigan, and Wayne State University contributed nearly $17 billion to Michigan’s economy in 2013, according to a report released by East Lansing-based Anderson Economic Group.
“Top-ranking research universities in our state have a consistent and tangible impact on our state’s economy, investing in jobs, and research and development across the state of Michigan,” says Mark Schlissel, president of U-M. The University of Michigan, along with Michigan State and Wayne State, are part of Michigan’s University Research Corridor.
The $16.8 billion net impact in Michigan in 2013, the latest figures available, is a slight increase from $16.6 billion in 2012. When the first report was published in 2007, Michigan’s research corridor contributed $12.9 billion to the state’s economy.
Anderson Economic Group compared Michigan’s research corridor with university clusters across the country. Only the Southern California cluster of University of California Los Angeles, University of California San Diego, and University of Southern California, contribute more to the economy than the Michigan corridor.
To view the full report, visit URCMich.org/wp-content/uploads/2015/04/URC_EconImpact_2014-FINAL.pdf
