Michigan’s University Research Corridor: Second Annual Economic Impact Report
LANSING, Mich. (Sept. 17, 2008) – The University Research Corridor (URC) is an alliance of Michigan’s three largest academic institutions: Michigan State University, the University of Michigan, and Wayne State University. In 2007 the URC universities asked Anderson Economic Group to undertake the first comprehensive study that benchmarks the economic impact of the URC’s activities on Michigan’s economy. This 2008 report is the second in a series of annual reports. While many benchmarks will likely not show large changes from year to year, over time these reports will reveal trends.
The URC had 135,816 students enrolled in the fall of 2007. This is an increase of 5.8% from the fall of 2001, and 1.9% higher than 2006. The students at the URC universities are drawn from throughout Michigan and around the world. Students from Michigan accounted for 77% of total enrollment in the fall of 2007, while 14% came from elsewhere in the U.S. and the remaining 9% came from other countries or territories. The URC has students from every county in Michigan, every state, and more than 150 countries.
I think certainly there has been an uptick in entrepreneurship in the state, and I think a lot of that is owed to the URC getting more involved in economic development in the last 10 years.
The URC is an incredible asset for our industry, state, and citizens in terms of the scale of R&D conducted at its universities in critically important areas. Medical and healthcare discoveries with the potential to improve and save lives position Michigan as a top state for innovation in the life, medical and health sciences.
The University Research Corridor showcases Michigan’s world class universities, economic competitiveness, and scientific breakthroughs being made every day in our state. This innovative partnership is creating jobs, fostering relationships with all types of businesses, from our largest corporations to smallest entrepreneurial businesses, and driving innovation in all sectors of our economy.