Nathan Bomey of the Ann Arbor Business Review has an interesting piece showcasing how Michigan’s three research universities have a direct and significant impact on our state’s economy.
One of every $50 earned in the state of Michigan can be attributed to the economic impact of the state’s three research universities, according to a new report.
“The economic impact of them is growing even at a time when the wages in the state are declining and the state budget support is declining,” said Patrick Anderson, CEO of East Lansing-based Anderson Economic Group, which conducted the study.
The University Research Corridor – which consists of the University of Michigan, Michigan State University and Wayne State University – registered a net economic impact of $13.3 billion in 2007, up 3.5 percent from 2006, the report concluded.
Continue reading: State’s universities drive economic development in the Ann Arbor Business Review at mlive.com