The University of Michigan research enterprise contributed $97 million to Michigan’s economy over the past fiscal year, supporting employment across large and small businesses statewide, according to a new report from the Institute for Research on Innovation and Science.
The report details how university research spending impacts the economy, and it provides a geographic snapshot of Michigan-based vendors that have supplied goods and services to support U-M research and scholarship activity.
Michigan-based companies have received more than $517 million since 2017 to supply goods and services in support of U-M research projects. This includes everything from beakers and laboratory supplies to specially designed pediatric treadmills used by kinesiology researchers to improve the walking habits of children born with Down syndrome.
“Research led by teams across our three campuses continues to spur tremendous advancements that positively impact society, and as part of this important activity, we all play an essential role in accelerating economic growth and strengthening our workforce,” said Rebecca Cunningham, vice president for research and the William G. Barsan Collegiate Professor of Emergency Medicine.