The University of Minnesota pumps more than $8.6 billion into the state’s economy every year, according to a new study.
The University of Minnesota hired Pittsburgh research firm Tripp Umbach to do the study, which noted the U supports more than 77,000 jobs across Minnesota and generates more than $470 million in state taxes. The university itself is Minnesota’s fifth largest employer, with more than 33,207 employees statewide.
“The University of Minnesota — with a presence in every county in the state — is critical to the economic and cultural vitality of our state,” University President Eric Kaler said in a prepared statement.
The details of the study were being noted as the University pushes a $238.5 million capital request before the Minnesota Legislature, which begins its 2018 session Tuesday.
The study included input from the university’s network of campuses and programs across Minnesota.