New Study Highlights Economic Impact of Michigan Tech and Michigan's Public Universities
Together, Michigan’s public universities generate nearly $45 billion in net new economic activity each year, according to a new independent economic impact study released by the Michigan Association of State Universities (MASU).
The study shows that Michigan’s 15 public universities generate economic activity far exceeding the state’s annual investment in higher education. In fiscal year 2024, they drove nearly $45 billion in net new economic activity — almost 28 times the state’s $1.6 billion appropriation for those institutions. Michigan universities as a whole support more than 127,000 jobs statewide and contribute more than $7 billion in state tax revenue, according to the study.
Michigan Tech generated over $972 million in total economic impact during fiscal year 2024, a significant contribution to a robust public university ecosystem in Michigan that delivers exceptionally high returns on state investments.
“These findings make clear that Michigan’s public universities are not just educating students — they are fueling the state’s economy, strengthening communities and positioning Michigan to compete nationally and globally,” said Rick Koubek, MTU president and chair of MASU's board of directors. “Whatever the need, Michigan has a public university to meet the challenge.”
Read the full story at Michigan Tech News.