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Phil Power: Cutting college support won't help
February 7, 2013
Phil Power, founder and chairman of the Center for Michigan, opines about the downward trend of Lansing financially supporting colleges and universities. Since 2008, support has been slashed by 21.5 percent, according to Power. "This is a nationwide trend - one that makes little sense at a time when education is more important than ever." Power points out that the University Research Corridor, comprised of Wayne State University, Michigan State University and the University of Michigan, generated $15.5 billion in economic activity in 2011, up 20 percent since 2006, according to the recent Anderson Economic Group report. He writes: "For more than a decade, there has been a remarkable disconnect between the fact that our universities contribute enormously to Michigan's prosperity and skeptical attitudes toward them in the minds of those who make spending decisions. Rational decisions are needed to keep any economy growing."