U-M helps to reshape Mich. economy

The University of Michigan promises to play a key role in shaping the state's economic future as the school serves as a critical area to spawn Michigan's new economy.

Excerpt:

As job losses, foreclosures and other woes continue to batter Michigan, an unlikely savior has emerged from the halls of academia.

For the first time, the University of Michigan, one of the nation's top research institutions, is rolling out the welcome mat for local businesses, eager to help them utilize the school's enormous resources. These include such things as faculty consulting, laboratory equipment, research projects and professional development classes.

Not wanting to stay in its ivory tower while the rest of the state sinks, U-M sees itself playing a key role as Michigan moves from a manufacturing-oriented economy toward a knowledge-based one.

"U-M is probably the best positioned in the state of Michigan to make rapid changes to that position," said Stephen Forrest, the university's vice president for research.

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U-M helps to reshape Mich. economy

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