Study: U has $8.6 billion effect on state's economy

  • Article by: JENNA ROSS , Star Tribune
  • Updated: February 28, 2011 - 10:53 PM

The U's foundation paid a Pittsburgh company about $48,000 to conduct the study.

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hankmeadowsFeb. 28, 11 7:28 PM

Yup - my company is a direct result of 'U' research. We now have sales around $300 Mil/yr and employs 1500 people in well paying jobs. The U is an investment in our future and we darn well better not mess it up.

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unionsrockFeb. 28, 11 7:31 PM

Even it is half of the return on the dollar as the study mentions, the U of MN (and MNSCU) is well worth the investment in tax dollars.

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drfranktFeb. 28, 11 7:35 PM

The study was funded by the U...'nuff said. If there is a "return of $13.20 for every dollar of state funding" then there should be no deficit. The "state" has funded many millions of dollars into the U, over and above fees and tuition charged to students. Apparently, all the "state" has to do is fund just a small portion of the 3.6 billion dollars of the deficit into the U and we'll be money ahead. Problem solved...no? Or, maybe, just maybe, the "u" has the same problem the "state" has...too much spending!!!!!

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jpcooperFeb. 28, 11 7:35 PM

great, cut your costs and make that return on investment even higher and tuition lower!

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spiritof76Feb. 28, 11 7:36 PM

An outside firm funded by the "U". doesn't sound biased to me.

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tietacFeb. 28, 11 7:38 PM

The U's foundation paid a Pittsburgh company about $48,000 to conduct the study. Oh, sure, I can trust this study for sure. Let me see: legislature is in session with funding decisions to make. What is the cost of the failing public school system, and what kind of unacceptable product does it make? I'M NO BUYING ANY OF THIS.

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pitythefoolsFeb. 28, 11 7:43 PM

Well, duh! The State pays what, 7 or 8% of the U's operating budget. Where does the rest come from? How much from STUDENTS? Mortgaging their futures so businesses can get free R&D, a function that used to be a responsibility of the PRIVATE sector? We have never had a generation that is as far in debt as the current students, we have no idea what the impact will be of starting out your professional life with student loans equal to a mortgage, that are almost impossible to be forgiven. It's time the U got back to its fundamental purpose - producing educated graduates at a cost the middle class can afford without massive debt.

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swany316Feb. 28, 11 7:52 PM

Quick lets give the U of M a billion. And turn that into a fast 13 billion. No more budget problems then.

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coldbikerFeb. 28, 11 7:54 PM

Isn't it odd that the U hires consultants? Does their own Economics Dept. lack the expertise to do a simple study?

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larrymeaseFeb. 28, 11 7:56 PM

wow! it's time for the state to pull it's funding! i.e. if the return is really this good, we should let private capitol invest, and get a good return! ;-)

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