Wayne State University benefits the Southeast Michigan economy by more than $1 billion annually, according to a report released Tuesday in Lansing. The report, conducted by the Anderson Economic Group L.L.C., outlines the university's economic and fiscal impact, as well as its cultural and knowledge assets and the increased earnings of its students. "The report confirms the significant role of the university in contributing to Michigan's economy and future workforce," Wayne State President Irvin D. Reid said in a news release. "Our role as an educational partner with the state continues to be critical to the success of Michigan's economic future."