Contact: Joe Serwach, University of Michigan, Direct: (734) 647-1844, jserwach@umich.edu; Russ White, University Relations, Office: (517) 432-0923, russ.white@ur.msu.edu
Published: Nov. 01, 2007 E-mail Editor
Super Bowl XL in Detroit was a landmark economic event in 2006, but how big is the Big Ten? A study released Monday shows Big Ten football will pump $177 million into the state economy this fall, more than triple the impact of the Super Bowl.
As part of a study benchmarking the impact of Michigan’s University Research Corridor – an alliance of Michigan State, the University of Michigan, and Wayne State – Anderson Economic Group found 1.37 million people will attend football games at Michigan State University and the University of Michigan this fall.
“We only measured the net economic impact or the spending that would not otherwise occur in the state,” said Patrick Anderson, principal and CEO of Anderson Economic Group. “These are very conservative estimates of the additional income Michigan residents will enjoy because of these events.’’
AEG, which provided the most conservative predictions of the Detroit Super Bowl’s impact, has subsequently produced studies for numerous Fortune 500 companies as well as other sports events including the 2004 and 2006 Ryder Cups and 2006 Detroit Tigers playoff games. AEG estimates the 2006 Super Bowl had an impact of $56.2 million.
“We all enjoy speculating about the outcome of the Michigan-Michigan State game but no matter what happens on the field, the real winner is the state of Michigan,’’ said MSU President Lou Anna K. Simon. “We compete on the field but off-the-field, the impact of our alliance is enormous.”
U-M President Mary Sue Coleman added: “As members of the University Research Corridor, U-M and MSU are powerful contributors to the state's economy. This latest study tells us the economic muscle of Wolverine and Spartan football games is truly a win-win for Michigan.”
Simon, Coleman and Wayne State University President Irvin D. Reid will join together again Saturday, speaking to a combined tailgate party crowd prior to this week’s big game in East Lansing.
Here is how the 2006 Super Bowl stacks up against the 2007 Big Ten:
Wayne State, U-M and MSU formed the University Research Corridor to transform, strengthen and diversify the state’s economy. The universities are working together to leverage their collective assets and encourage collaboration with business, government and communities to help accelerate economic growth.
AEG’s complete study on the impact of the URC found the state’s three research universities helped create 68,803 Michigan jobs and produced $12.8 billion of net economic benefit in 2006.
For more on the University Research Corridor and for a full copy of the report, visit: www.urcmich.org.
Read the complete report (PDF) at http://www.urcmich.org/commentary/AEG_Big10_Football_FINAL.pdf.
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