Xconomy on U-M Dearborn's Innovation Index increase

The new economy is rearing its head in Metro Detroit, and it looks good. But then again, when don't new jobs, investment, and innovation look good?


If you squint just the right way at new numbers from a quarterly "innovation index" released by the University of Michigan-Dearborn, you might just believe that Michigan could be headed toward an actual end to the recession.

The index, which measures things like loans, VC funding, and new incorporations rose to 89 (out of 100) in the first quarter of 2010, up from 83.3 in the fourth quarter of 2009. This is the highest rise in the index since 2008.

The jump is attributed to an increase in trademark applications and incorporation filings, but new university spinoffs and economic development efforts are also contributing to the improving figures.

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