University Relations

Economic Impact on the State of Michigan

A Tenfold Return on Investment.

Michigan Technological University’s output impact was nearly 10 times the state funding it received in FY 2016, which was $46.7 million.

Michigan Tech:

  • Contributed nearly $450 million to Michigan’s economy
  • Increased spending in the state by $448 million
  • Increased employment by 4,258 jobs
  • Has 26,000 alumni living in Michigan, earning more than $1.4 billion in salaries and wages in 2016
  • Enrolled over 7,200 students, 10 percent higher than its enrollment a decade ago; these students spent $66 million, contributing significantly to the regional and state economy
  • Awarded 1,700 degrees, with a majority in STEM fields
  • Spent $72.5 million on research and development

Net Economic Impact of Michigan Tech by County
Ranking County Output (in millions) Employment
1 Houghton $130.5 1,493
2 Oakland $50.6 441
3 Wayne $25.1 217
4 Kent $19.1 166
5 Macomb $16.1 140
6 Marquette $13.7 118
7 Washtenaw $13.6 119
8 Ottawa $12.1 106
9 Livingston $10.6 93
10 Midland $8.6 73
  Top 10 County Total $299.7 2,966
  State of Michigan $488.5 4,258

Net Economic Impact (in millions) of Michigan Tech on Output by County

 

Net Economic Impact of Michigan Tech on Employment by County