Central Michigan University (CMU) had a positive economic impact on Michigan in fiscal year 2016, contributing $1.2 billion and creating nearly 12,000 jobs, according to an Anderson Economic Group study.
Since the start of the century, CMU has added a number of programs including mechanical and electrical engineering and opening a college of medicine.
“This report emphasizes CMU’s importance to the state’s economy: how our growth and Michigan’s growth are intertwined and how residents, businesses, and communities benefit,” CMU President George E. Ross said. “To give this context, $1.2 billion a year is more than the $908 million it would cost to build the Mackinac Bridge today,” he said.
The university recently established partnerships with Ford Motor Co. and Quicken Loans to help students and graduates secure internships and jobs.
Other partnerships include CMU Medical Education Partners with Covenant HealthCare and St. Mary’s of Michigan to provide clinical education for medical students and resident physicians; the CMU Research Corp. funded by the Michigan Economic Development Corp.; and the Institute for Excellence in Education, supporting school improvement in 25 states.
Michigan has improved economically over the past five years. In 2012, the state ranked 47th nationally. It now ranks 21st, according to a Michigan Chamber of Commerce’s 2017 Economic Competitiveness Study.
(Photo included from story)