UM: Economy

The Detroit News publishes an op/ed piece by University of Michigan regent Andrea Fischer Newman, who describes the university’s impact on Michigan’s economy: “University jobs create a positive ripple effect, generating jobs for thousands of other state residents. U-M employees eat at restaurants, buy groceries and shoes, pay taxes and volunteer in their communities. According to a 2003 study of the U-M’s economic impact on the state, 2.5 jobs are created for every U-M job.” [Source]