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.
A preliminary report released in May by Anderson Economic Group found that Michigan’s University Research Corridor (URC), an alliance of Michigan State University, the University of Michigan, and Wayne State University, makes significant contributions to the state’s economy.
In its report, AEG found that the URC spent $6.5 billion on operations in fiscal year 2006. This figure—$6.5 billion–is about 2% of all economic activity in Michigan, as measured by Michigan’s gross state product. Most operational spending went towards teaching, research, and University of Michigan’s Hospital.
Furthermore, AEG estimated that currently over 617,000 alumni of a URC institution live in Michigan. There is at least one URC alumni living in every Michigan county. URC alumni living in Michigan earned an estimated $24.3 billion in 2006, making up 13% of all wage and salary income in Michigan.
The AEG report also compared how research and tech transfer activities at Michigan’s URC compare with other well-known university clusters in Massachusetts, North Carolina, and Pennsylvania. Peer university clusters include Harvard, MIT, and Tufts in Massachusetts; Duke, University of North Carolina, and North Carolina State in North Carolina; and Penn State, Carnegie Mellon, and University of Pittsburgh in Pennsylvania.
The Coalition for Access and Affordability in Michigan (CAAM) commissioned Anderson Economic Group to complete an independent analysis of the special role played by Blue Cross in the Michigan health insurance market. In particular, we were commissioned to: review the Michigan health insurance market, identify the specific statutory mission of Blue Cross Blue Shield of Michigan (BCBSM) within that market, and to estimate, where data are available, the benefits and the burdens that result from the company’s activities under the current statutory mission.
As recently introduced legislation would change the relative burdens of Blue Cross and commercial insurers, it is informative to look at BCBSM’s historic role in the Michigan health in surance market, the original rationale for its unique tax benefit, and the costs and benefits of fulfilling its mission today. This paper looks at all of these areas to assess the impact of pending legislation.
The economic impact of Michigan’s University Research Corridor (URC). Michigan State, Wayne State, University of Michigan.
North-Central West Virginia’s Technology Industry: A pathway through the 21st century
The report quantifies the size of the industry in terms of employment, establishments, and payroll. It also assesses areas of the technology industry that signal future advances, such as R&D spending and patent awards, and takes a closer look at the life sciences technology industry