Anderson Economic Group Work

The Economic Impact of Michigan Technological University

Founded in 1885, Michigan Technological University is a public research university located in Houghton County in Michigan’s Upper Peninsula. Over its 133 years of history, the university has educated generations of students, fulfilling its mission in research, teaching, and innovation, and making enduring contributions to Michigan’s economy.

Michigan Technological University offers more than 120 undergraduate and graduate degree programs serving over 7,000 students from 60 countries. Through the strength of its educational programs and research facilities, the university attracts talent and promotes innovation and technology transfer. At the same time, the university creates opportunities for residents and supports businesses through university and student spending. These activities translate to economic benefits, in addition to the social and cultural benefits that are typically associated with institutions of higher learning.
Michigan Technological University (MTU) retained Anderson Economic Group (AEG) to perform an analysis of the economic impact of the university on the state of Michigan. The purposes of this report are to:

  • Provide information on the university’s students and alumni;
  • Estimate the economic impact of MTU in Michigan, accounting for additional spending in the state by the university and its students, as well as additional earnings for alumni of MTU; and
  • Highlight MTU’s accomplishments in research and development (R&D) and technology transfer.

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