Michigan benefits from University Research Corridor's $15.5B economic impact
- An annual report unveiled Wednesday reveals that Michigan's University Research Corridor--an alliance formed in 2006 between the University of Michigan, Michigan State University and Wayne State University--had a $15.5 billion economic impact on the state, up 20% from the year it was founded.
- The sixth annual report was prepared by East Lansing's Anderson Economic Group and also showed that the URC's tax revenues have increased $24 million in six years to $375 million in 2011 and attributed 74,000 direct and indirect jobs in the state that same year.
- The URC's research and development spending also grew 43%--more than any of the other six university research clusters in Illinois, Massachusetts, North Carolina and Pennsylvania, and northern and southern California--though its ranking against its peers in the number of startups launched, patents awarded and technology licenses issued has remained the same since 2007.
From the article:
Michigan's University Research Corridor, an alliance of the state's three largest universities, is growing in several areas, including a $15.5 billion economic impact on the state, according to an annual report to be unveiled Wednesday. ...
- University Business Read More
Follow Roger Riddell on Twitter