Michigan Economic Impact Report 2012

COMPARED TO SIX OTHER UNIVERSITY INNOVATION CLUSTERS NATIONWIDE: 6TH ANNUAL MICHIGAN ECONOMIC BIGGEST GROWTH NUMBER ONE IMPACT THE URC HAD THE BIGGEST GROWTH IN R&D EXPENDITURES THE URC CONFERS THE MOST GRADUATE AND UNDERGRADUATE DEGREES ANNUALLY MORE THAN 31K es REPORT 43% #1 UNIVERSITY RESEARCH CORRIDER HIGH-DEMAND OVER THE PAST 5 YEARS, WITH EXPENDITURES EXCEEDING The URC granted the second highest number of high-demand degrees overall in 2011 www.urcmich.org S2 BILLION IN 2011 FOR THE FIRST TIME. $1-$17 STATEWIDE IMPACT THE URC GENERATED $15.5 BILLION IN ECONOMIC ACTIVITY IN FISCAL YEAR 2011, UP 20% OVER 2006. Every $1 Michigan invested in the three URC universities in FY 2011 led to $17 in economic benefits. $24M 149 Michigan tax revenue grew by $24 million in the past 5 years from URC-driven economic activity. 6.6% 5% 23% $375M Number of start-ups cultivated since 2002 by the three URC universities. Rise in the number of URC graduate students granted high-tech degrees between 2010 Growth in R&D investment at URC Share of all students attending a higher ed institution in Michigan last year who were at one of the three URC universities. Amount of Michigan tax revenue generated in 2011 by the URC. schools between 2010 and 2011. 589,840 and 2011 URC R&D FUNDING OVER 74K JOBS WERE DIRECTLY AND INDIRECTLY Number of URC alumni SUPPORTED THROUGHOUT MICHIGAN living in Michigan. BY THE URC OPERATIONS IN FY2011 30% 10% BY URC Four medical schools, a school of dentistry and a college of veterinary medicine are training students and conducting research on URC campuses. OTHER 60% THE URC WAS #1 AMONG RESEARCH CLUSTERS IN THE NUMBER OF STUDENTS ENROLLED (137,673) IN FALL 2011. BY FEDERAL GOVERNMENT O urcmich.org The University Research Corridor is an alliance between f fb.com/researchcorridor Michigan State University, the University of Michigan MICHICAN STATE MICHIGAN y Qurcmich and Wayne State University to transform, strengthen URC MEDIA: [email protected] and diversify the state's economy. University Research Corridor