Outreach - Economic and Social Impact

State Economic Impact

The University of Minnesota has a significant impact on the state economy.  A 2002 economic impact study showed that the University:

• received 98 percent of all sponsored research grants awarded in the state
• created 39 jobs for every $1 million spent on research
• spent $800 million on sales to vendors (January 2000 - September 2002)
• paid $995 million in salary to 39,039 employees in FY 2002.
  

In addition:

• University alumni have founded 1,200 technology companies in Minnesota that employ 10,000 people and contribute $30 billion to the state's annual economy.
• University employees generated $178 million in tax revenue in 2000.
• University employees spent $729 million, students spent $363 million, and visitors to the University spent $463 million - for more than $1.5 billion in 2000.

State Social Impact

Among the more important social impacts of the University of Minnesota are the following examples:

• Over the years, the University has graduated more than 17,000 health professionals.
• University Libraries system is accessible to every Minnesotan.
• 23 percent of Minnesotans use Extension Service.
• Nearly half of state residents connect with the University through sporting and cultural events.

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