According to the fiscal year 2019 Research Annual Report, a record high in annual research expenditures at the University of Michigan led to innovative research and scholarship endeavors that address emerging problems, spur new technologies and drive the economy.
U-M, which has ranked No. 1 in research volume among the nation’s public universities for nine consecutive years, reported $1.62 billion in research expenditures during Fiscal Year 2019. That marks a 4.8 percent increase from FY18.
“The impact of the University of Michigan’s research budget benefits the region in many ways and contributes to our region’s ability to compete on a global stage, much larger than our population size would dictate,” said Alex West, Ann Arbor SPARK director of research.
Check out the Ann Arbor SPARK benchmarking study which compares the Ann Arbor region’s economic competitiveness to 12 other regions, the State of Michigan, and national averages using eight different metrics.