Case Study: Michigan State University accelerates research facility funding with IMPLAN

Michigan State University estimates over $1 billion in economic activity with IMPLAN

Michigan State University (MSU) was selected to design and establish the Department of Energy's Facility for Rare Isotope Beams (FRIB). Their challenge was to demonstrate the project's significant economic benefit to the state of Michigan in order to secure funding and state support. To quantify this impact, MSU employed the Anderson Economic Group, who used IMPLAN's software and data.

Using IMPLAN, the Anderson Economic Group calculated the potential economic benefits of the FRIB's construction and operation. The analysis estimated the project would generate over $1 billion in economic activity over a decade and contribute more than $187 million in new state tax revenue over twenty years. This data was crucial for MSU to successfully demonstrate the project's value, helping to secure the necessary funding and support.

Michigan State University