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MICHIGAN'S UNIVERSITY RESEARCH CORRIDOR

Using a holistic perspective, we spoke to young women about practical needs for food, shelter, childcare, transportation; and their strategic needs for education, equitable wages, equal gender division of labour, and reproductive choice. If systemic barriers to economic and social equality between men and women are going to be overcome, both practical and strategic need to be included in programs with young women. Moreover, a strong safety net and supports such as adequate housing and childcare are required for young women to participate in CED. . | October 17 2007 ANDERSON ECONOMIC GROUP Michigan s University Research Corridor First Annual Economic Impact Report Commissioned by Michigan s University Research Corridor Michigan State University University of Michigan Wayne State University Prepared by Anderson Economic Group LLC Caroline M. Sallee Patrick L. Anderson Anderson Economic Group LLC 1555 Watertower Place Suite 100 East Lansing Michigan 48823 Tel 517 333-6984 Fax 517 333-7058 http www.AndersonEconomicGroup.com Anderson Economic Group LLC 2007 Permission for reproduction granted with proper citation. Table of Contents Summary of Findings.i URC Students .i Scale of the URC .i Economic Impact .i Human Capital Benefits.ii Fiscal Impact.ii URC Revenue Sources.iii Comparison with Peer University Clusters.iii Benefits of Medical Education.iv Culture Events Community .v I. Introduction.1 What is Michigan s University Research Corridor .1 Report Purpose Focus.1 Report Methodology .2 About the Report s Authors.2 II. URC Student Demographics.4 Student Enrollment .4 Comparison with Other University Clusters.7 III. Impact on Jobs and Income.11 Scale of Operations Expenditures.11 Definition of Economic Impact .12 Economic Impact of Operational Expenditures.12 Methodology .14 IV. Human Capital.15 Number of URC Alumni.15 Wage Earnings of Michigan-Resident URC Alumni.15 College Choices and Earnings in Michigan.18 Additional Wage Earnings Caused by URC.18 Additional Lifetime Earnings Due to URC Education .19 V. URC Revenue Sources.21 Sources of URC Revenue .21 Focus on Alumni and Institutional Giving to the URC .25 Focus on State Appropriations.25 Anderson Economic Group LLC TOC - 1 Table of Contents VI. Impact on State Revenue.27 Additional Income Due to the URC .27 Categorizing Income.27 Effective Tax Rates on Income.28 Total Additional State Tax Revenues .30 VII. Research Development and Tech Transfer.31 Academic Research Development.31 URC s Role in Technology Transfer.33 Faculty Start-up Companies.36 VIII. .