Minnesota’s economic generator.
A February report detailing the economic impacts of the University of Minnesota—all five campuses—over fiscal year 2017 yielded some eye-popping findings.
$8.6 billion - Combined economic impact annually for the state of Minnesota
$454 million - Amount invested by the U in research in 2017, which translated into an economic impact of over $1.2 billion
77,664 - Number of jobs the University supports throughout Minnesota, making the U the state’s 5th largest employer
61 - Percentage of U graduates who remain in the state to work after completing their degrees
$470.2 million - State and local government revenue attributable to the U’s presence
$13.83 - The amount generated in Minnesota’s economy for every state dollar invested in the U
$131.4 million - The annual community impact generated by U faculty, staff, and students through donations and volunteer time to local nonprofits
Based on the report Economic Impact of University of Minnesota FY17, prepared by Pennsylvania-based consulting firm Tripp Umbach.