Leveraging State funding

Measuring the state's investment in MSU AgBioResearch and MSU Extension.

AgBioResearch/MSU Extension Leverage Economic Stimulus and Community Benefits (millions of dollars)
AgBioResearch/MSU Extension Leverage Economic Stimulus and Community Benefits (millions of dollars)

The state’s $61.9 million investment in MSU AgBioResearch and MSU Extension generated a total impact of more than $1 billion for Michigan residents in 2016-17.

Every dollar the state invested in MSU AgBioResearch and MSU Extension resulted in:

  • LEVERAGE of an additional $2.50 in federal funds and external contracts, grants and other revenues to serve Michigan residents.
  • COMMUNITY BENEFITS worth an additional $6.22 to the state and nation.

When the leveraged funds and community benefits are added to the initial investment, they yield a net ECONOMIC STIMULUS valued at more than $480 million in state economic activity and state tax revenues.

Combining the above effects, along with the additional tax revenue, returns to the state economic and social benefits in a BENEFIT/COST RATIO of 18:1.

Continuing to invest in MSU AgBioResearch and MSU Extension is vital to the state’s economy, our communities and our residents.

Did you find this article useful?


Other Articles from this Publication