Universities Generate $958 Million In Economic Activity In Detroit

MACKINAC ISLAND (AP) – A cluster of Michigan’s research universities was responsible for nearly $1 billion in economic activity in Detroit last year and more than 11,600 jobs, according to a new report.

The University Research Corridor — an alliance of the University of Michigan, Michigan State University and Wayne State University — released the findings Thursday at the annual Mackinac Policy Conference.

Michigan State President Lou Anna Simon says the schools wanted an analysis of their work in Detroit because the city’s success is “so critical for the future of Michigan.” University of Michigan President Mark Schlissel says it’s also important to show residents “what it is we do for the state” in an era of threats to state higher education funding.

The URC conducted $263 million in Detroit-related research in 2015.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Places To See Indie Rock In DetroitIt's called Detroit Rock City for a reason.
Guide: Best Barbecue In Metro DetroitSometimes, nothing hits the spot like good barbecue.

Watch & Listen LIVE