University of Minnesota
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Facts at a Glance
* Information accurate for fiscal year 2010. *
State investment in the U of M pays off.
- Every dollar invested in the U of M generates $13.20 in the statewide economy.
- The U of M generates more than $512.3 million in tax revenue annually.
The U of M is a major contributor to Minnesota's economy.
- The U of M creates $8.6 billion in total economic impact annually.
- $4.1 billion for goods and services purchased by the U of M, its employees, students, and visitors
- $4.5 billion in spending by the businesses that provide those goods and services
The U of M provides good jobs and helps create jobs across the state.
- The U of M supports 79,497 jobs.
- Faculty and staff: 19,157 jobs
- Fellows and students: 8,866 jobs
- UMMC-Fairview/UMP: 8,017 jobs
- Graduate assistants, post doctorates, and residents: 6,279 jobs
- 37,178 jobs in communities across the state
- The U of M is connected to one out of every 43 jobs in Minnesota.
The U of M is Minnesota’s fifth-largest employer.
- State of Minnesota
- Mayo Clinic
- Federal government
- Target Corporation
- U of M
Research at the U of M has a significant impact on Minnesota's economy.
- Research funds competitively awarded to the U of M create $1.5 billion in total economic impact annually and support 16,193 jobs.
- U of M researchers won $823 million in competitive research funding in 2010, up 36% from the previous year.
- U of M inventions brought Minnesota nearly $390 million in revenue in the last five years.
The U of M educates the workforce that Minnesota needs to succeed in
the 21st century.
- The U of M awards 14,000 degrees annually.
- 90% of Minnesota’s STEM doctoral degrees
- 85% of Minnesota’s MD degrees
- 100% of Minnesota’s dentistry, pharmacy, and veterinary medicine degrees
Alumni of the U of M play a vital role in Minnesota's economy.
- U of M alumni have founded nearly 10,000 companies in Minnesota.*
- Nearly 25% of these founders moved to Minnesota to attend the U of M.
- These companies employ 500,000 people and produce $100 billion in annual revenue.
*According to alumni surveys, 2004-06.