MARQUETTE, MI-- Michigan’s public universities contribute about $24 billion to the state’s economy.
That’s according to a new report from the Anderson Economic Group. The report analyzed each schools spending, earnings and employment and found that they are responsible for more than 120,000 full-time equivalent jobs statewide.
The study found 35,000 Northern Michigan University alumni live in the state. The 2012 data also indicates NMU spent more than $4.5 million dollars on instruction and academic support in Michigan; $26.2 million on room and board; and provided 1,290 jobs.
The report also found that the 1.3 million public university alumni who live in Michigan earned $47 billion in wages and salaries in 2012. And total enrollment in public universities rose 4 percent from 2003 to 2012.
The study was commissioned by the Presidents Council, State Universities of Michigan.
