Wayne State, URC powers Michigan’s economy – Today @ Wayne

Wayne State University plays a central role in Michigan’s economy by providing businesses with the graduates they need, enabling students to earn valuable degrees, conducting cutting-edge research, and contributing to communities across the country. State, according to an economic impact report prepared by Anderson Economic Group (AEG).

the University Research Corridor (URC), an alliance between Wayne State University, Michigan State University and the University of Michigan, is one of the country’s leading research hubs and the engine of innovation in Michigan and the Great Lakes region, increasing the economic prosperity and connecting the state to the world.

RCU’s $ 19.3 billion net economic impact in Michigan in fiscal 2019 – most recent year data available – is up 50% from its impact net of $ 12.8 billion in 2007, the report’s first year of publication. The net impact of $ 19.3 billion is also more than 20 times the $ 924 million the state spent on the three universities in fiscal 2019, according to the report.

Enrollment at the three universities has grown by more than 16,600 students since 2007, with 141,000 students enrolled in fiscal 2019. RCU students come from all counties in Michigan, 70% of whom live in the Michigan. URC universities also attract students from all states across the country and 100 other countries. This talent pool is a major advantage for businesses across the state.

URC universities award nearly 12,000 degrees per year in high-tech fields such as biomedicine and biosciences, as well as nearly 13,000 degrees in high-demand fields such as business, computer science, and engineering. . They also award nearly 2,500 medical degrees each year.