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Michigan Economic Impact Report 2013

MICHIGAN'S INNOVATION ENGINE WHEN COMPARED TO SEVEN OTHER UNIVERSITY RESEARCH CLUSTERS NATION WIDE: WE ARE NUMBER ONEI SEVENTH ANNUAL CONTINUED GROWTH MICHIGAN ECONOMIC The URC spent nearly IMPACT REPORT $2.1 BILLION in R&D expenditures, up The URC confers the most graduate and undergraduate degrees annually - nearly 48% 32,500 over the past 5 years. ............................. UNIVERSITY RESEARCH CORRIDOR INNOVATION POWER RANKING A composite measure of R&D, commercialization and talent. #2 ............... ....... The URC awarded degrees to The URC granted the HIGH 2ND-HIGHEST NUMBER 2,109 MEDICAL GRADUATES $449M 19,383) of high-demand de grees overall in 2012. in 2012, far more than any other peer cluster, DEMAND ........ Estimated amount of state tax revenue generated in FY 2012 by the URC. STATEWIDE IMPACT The URC generated $16.6 BILLION in economic activity in fiscal year 2012. $38.2B 163 19% of URC alumni have founded or co- founded a business, 19% Amount of wage/salary earnings of URC alumni living in Michigan. NUMBER OF START-UPS CULTIVAT ED SINCE with nearly half started 2002 BY THE THREE URC UNIVERSITIES. in Michigan. 66,134 The URC universities account for 93% of the academic research in 93% URC STUDENTS ENROLLED IN FALL 2012 NUMBER OF JOBS THAT WERE DIRECTLY AND the state. INDIRECTLY SUPPORTED THROUGHOUT MICHIGAN BY THE URC IN FY 2012. 73% 596,266 MICHIGAN RESIDENTS 57% of URC research 16% NON-MICHIGAN RESI DENTS 57% and development is funded by the federal government. NUMBER OF URC ALUMNI LIVING IN THE STATE OF MICHIGAN. 11% INTERNATIONAL The URC was NO.1 among research clusters in the number of students enrolled in fall 2012, with 138,642 #1 URC The University Research Corridor is an aliance between Michigan State University, the University of Michigan and Wayne State University to transfom, strengthen and diversify the state's economy. Four medical schools, University Research Corridor a school of dentistry and a college of veterinary medicine are training students and conducting research on URC campuses. WAYNE STATE ICHIGAN SY MIKHAN MEDIA urc@ WEB PURE NICHIGAN FACEBOOK TWITTER @urcmich

Michigan Economic Impact Report 2013

shared by ctromp on Jan 22
The three schools of the Michigan’s University Research Corridor (URC) generated $16.6 billion in economic impact statewide, and awarded more than 32,500 degrees in one year, placing it at or near t...


University Research Corridor



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