Officials: University Research Corridor has $15.2 billion net economic impact on Michigan's economy

Local leaders and business developers met Monday at the ex- Pfizer location in Ann Arbor to discuss how Michigan's University Research Corridor, which the University of Michigan is a part of, has become an “economic engine” and a nationally recognized hub for research generated technology and small business development.

In addition to the University of Michigan, Wayne State University and Michigan State University are part of the URC and together, the institutions have had a net economic impact on Michigan's economy of $15.2 billion, according to officials.

The institutions formed the URC to leverage their collective assets, encourage collaboration, and increase business partnerships, with the goal of accelerating statewide economic development.