Wintry mix spreads across Minnesota

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The University of Minnesota recently hired research firm Tripp Umbach to study the U's role in the state economy.

$8.6 billion a year in total economic "impact"

The research firm included direct and indirect expenditures for goods and services by the university, its employees, students and visitors.  That means everything was counted; from the millions of dollars the U spends on a new building, to the $7 a U of M prof spends on lunch at Jimmy John's.

The study also concludes every dollar the state invests in the U generates $13.20 for the statewide economy.

University of Minnesota and the Minnesota State Colleges and Universities system

 officials worry their state funding will be slashed while lawmakers wrestle with a $5.03 billion state budget deficit (a big number, but smaller than the $6.2 billion that was predicted earlier in the session). 

Education News

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Tim Post

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The University of Minnesota recently hired research firm Tripp Umbach to study the U’s role in the state economy. The conclusion: the U of M contributes $8.6 billion a year in total economic “impact” to the state. The research firm included direct and indirect expenditures for goods and services by the university, its employees, students…

What's the U of M worth to Minnesota? $8.6B a year according to new report

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