URC in the news

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Roundup: OptimizeRx, Parabricks, URC

The University Research Corridor (URC), a partnership between Michigan State University, the University of Michigan, and Wayne State University, has released its 2017 economic impact report. According to the report, the three universities contributed $18.7 billion to the state’s economy last year, up from $16.5 billion in 2015. The organization says that marks a 46 percent increase since 2007, the year it was formed and began benchmarking its impact on the state of Michigan. The URC also reported that it generated 78,845 jobs in 2017. Last year, the report says, the URC spent $2.3 billion on research and development, an increase of 54 percent since 2007. The URC also attracted 94 cents of every federal dollar spent on academic research in Michigan, and accounts for 92 percent of all R&D conducted at higher education institutions in the state.
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University leaders want higher ed on Schuette, Whitmer's agenda

M. Roy Wilson, president of Wayne State, said he wants the next governor and Legislature to scale back the performance-based funding model created under Gov. Rick Snyder that rewarded universities with more money for a higher percentage of undergraduate degrees and penalized more research-focused universities. It's one reason why Wayne State has not recovered nearly as much funding as UM and MSU, its counterparts in the University Research Corridor.  With medical, law and other graduate schools, Wayne State gets penalized for having too many graduate degrees and too few bachelor's degrees awarded each year, Wilson said. "If we weren't a research institution, we'd be getting much more (state funding)," Wilson said in an interview. "That doesn't make much sense.