EXECUTIVE SUMMARY

Lawrence Technological University has a significant economic impact on Southfield and the Metro Detroit area. LTU injected $377 million into the region during 2019-20.

LTU produces some of the nation’s highest-earning graduates. Their higher salaries allow for better lifestyles that save the community on expenses such as healthcare. In addition, LTU’s entrepreneurial alumni go on to start their own firms, becoming job creators and generating additional revenue in Metro Detroit. The University provides jobs on campus as well as creating jobs at local businesses frequented by LTU faculty, staff, students, alumni, visitors, and other partners. Through community service, clinical hours, dual enrollment, and internships, the University touches the lives of tens of thousands of people and provides a net benefit to the City of Southfield and the region.

This report was created to demonstrate the benefits Lawrence Tech provides to the area by quantifying the impacts from January 1, 2019 to June 30, 2020.

KEY FINDINGS

$377 Million

Total amount that LTU contributed in economic impact to Metro Detroit during 2019-2020.

$85
Million

Amount of money that LTU has pumped directly into Metro Detroit in the last decade through building projects.


24,297

Number of LTU Alumni in Metro Detroit.

1,232

Number of jobs created in Metro Detroit because of LTU.

IMPACT


UNIVERSITY SPENDING

Direct spending from LTU, its employees, students, and visitors, as well as secondary spending by businesses and governments contributed $49 million in economic impact.

$12.5 millionLTU Spending
$21.1 millionEmployee Spending
$12.1 millionStudent Spending
$3.4 millionVisitor Spending


KNOWLEDGE

LTU alumni contributed $252 million in increased earnings and $76 million in social benefits.

1,072Southfield Alumni
11,062Oakland County Alumni
24,297Metro Detroit Alumni
33,800Alumni in the US


SOCIAL BENEFIT

$8.6 millionReduced Absenteeism
$2.8 millionReduced Alcoholism
$3.4 millionReduced Crime Victim Cost
$10.3 millionReduced Incarceration
$4.3 millionReduced Smoking
$26.5 millionReduced Unemployment
$19.8 millionReduced Welfare Spending


LOCAL GOVERNMENT

The City of Southfield treasury received an $801,000 net benefit due to the presence of LTU.

$1.5 millionRevenues to Southfield
City Government
$0.7 millionService Costs to Southfield
City Government
$801,000Net Benefit to Southfield
City Government


RESEARCH

$8.3 million in research grants since 2017.

7Research Institutes
12Research Labs
112Faculty Research Day
Presentations
1,125Industry Sponsored Project
Research Hours
$8.3 millionGrant Funds Since 2017


ENTREPRENEURSHIP

2,030 LTU alumni-owned businesses generated $349 million in revenue.

12Accelerator Firm Products
Commercialized
46Companies Served by the
Centrepolis Accelerator
2,030Small Businesses owned
by LTU Alumni
5,080Employees of LTU Alumniowned Firms
$34 millionmillion Revenues of Firms Assisted
by Centrepolis Accelerator
$349 millionRevenues of LTU Alumniowned Firms


COMMUNITY ENGAGEMENT

LTU employees and students spent 178,755 hours in service to the local community, the equivalent of one person working around the clock for over 20 years

2,489Robofest Competitors
Worldwide
3,770Exhibit and Lecture
Attendance
6,780Community Service Hours
7,933Prospective Student Visits
8,865Nursing Clinical Hours
11,310Marburger STEM Center
Contact Hours
13,160Work Study Hours
32,670Dual Enrollment Class Hours
34,550Detroit Center Facility Usage Hours
59,460Internship and Co-op Hours