The University Research Corridor (URC) is an alliance of Michigan’s research universities, including the University of Michigan, Michigan State University, and Wayne State University. URC retained Anderson Economic Group to estimate the economic impact that URC universities have on Michigan’s economy. AEG has been conducting this economic benefit analysis for the URC since 2007. Anderson […]
The Lansing Regional Chamber of Commerce (LRCC) and Lansing Economic Area Partnership (LEAP) partnered to sponsor the inaugural State of the Lansing Region report. Upon receiving support from the area’s business community and local stakeholders, the two organizations commissioned Anderson Economic Group to conduct a benchmarking study for the Lansing region. In this study, we […]
Note: The 2021 Benchmark Update will be Completed Soon! The AndCan™ Index represents consumer demand for legal cannabis products for all 50 states in the United States. The index has been produced by Anderson Economic Group since 2017, using a rigorous methodology based on fundamentals of consumer demand. This AndCan Index: 2019 Benchmark Revision is […]
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.
The economic impact of Michigan’s University Research Corridor (URC). Michigan State, Wayne State, University of Michigan.
What would the loss be to the state if the Research Corridor universities (URC) left Michigan? Also benchmarks the URC’s economic contributions to the state in terms of jobs, earnings, economic development activities, and tax revenue.
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. The purpose of this alliance is to accelerate economic development in Michigan by educating students, attracting talented workers to Michigan, supporting innovation, and encouraging the transfer of technology to the private sector.
The URC asked Anderson Economic Group to undertake a comprehensive study to quantify the economic impact of the Research Corridor universities’ activities on Michigan’s economy. The first annual report will answer the question: What would the loss be to the state if the Research Corridor universities left Michigan? The report will then measure and benchmark the URC’s economic contributions to the state in terms of jobs, earnings, economic development activities, and tax revenue.
This document is a preview to the first annual report and lays the foundation for the economic impact analysis in that report.