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The University of Michigan contributed $4.77 billion to the national economy through vendor contracts and subcontracts between 2002 and 2017, according to a new report.
“Research at the University of Michigan addresses important challenges and opportunities that impact our daily lives, and as a result of our ongoing investment in research, there is a positive ripple effect on the economy that helps drive global competitiveness and spur new jobs,” said Rebecca Cunningham, interim vice president for research.
IRIS created the report by linking U-M administrative data with industry data provided by the U.S. Census Bureau, as well as workforce data from Bureau van Dijk’s Orbis dataset, which contains information on characteristics of businesses such as whether they are owned by minorities or women.
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