LANSING, Mich. (Jan. 22, 2013) – Michigan’s University Research Corridor (URC) — consisting of Michigan State University, the University of Michigan and Wayne State University – stacks up well against in a study of seven university innovation clusters nationwide, according to a new report to be released Wednesday.
The URC Economic Impact Report will be released at 9:30 a.m. Wednesday on the URC’s website (http://urcmich.org). The report was prepared by East Lansing, Mich.-based Anderson Economic Group (AEG) for the sixth year in a row. It calculates the economic impact of the URC’s activities on Michigan’s economy and compares its performance to peer university innovation clusters in Northern California, Southern California, Illinois, Massachusetts, North Carolina and Pennsylvania.
URC executive director Jeff Mason will discuss highlights of the report and answer media questions during a half-hour conference call at 10:30 a.m. Wednesday. If you’re member of the media and wish to call in, please send an email to Kathy Barks Hoffman at firstname.lastname@example.org and she will send you the conference call-in number and passcode.
- The 6th annual URC Economic Impact Report will be released at 9:30 a.m. Wednesday, Jan. 23, at http://urcmich.org.
- URC executive director Jeff Mason will discuss report highlights and answer questions during a 10:30 a.m. Wednesday conference call.
- Interviews on Wednesday with Michigan State University President Lou Anna K. Simon, University of Michigan President Mary Sue Coleman and Wayne State University President Allan Gilmour can be set up by request.
“Research universities play a powerful role in economic development. The findings of this URC report show that in the Ann Arbor region, research universities contribute $4.6 billion to the economy and help create nearly 41,000 jobs,” said Paul Krutko, president and CEO of Ann Arbor SPARK. “There’s no doubt that having the University of Michigan here helps the Ann Arbor region compete against Silicon Valley, Research Triangle Park, and other areas for companies seeking the ideal destination for growth. Not only do research universities contribute to the well-educated workforce that employers seek, they are a tremendous source of innovation. The economy in the Ann Arbor region directly benefits from technology transfer and spin outs from the University of Michigan that evolve into successful businesses growing and hiring here.”
To receive the conference call-in number and passcode or to schedule an interview with a university president or report author Erin Grover of AEG, contact Kathy Barks Hoffman at Lambert, Edwards & Associates.
Kathy Barks Hoffman
Lambert, Edwards & Associates
Click to enlarge this infographic from URC: