MACKINAC ISLAND, Mich. (AP) -- A newly released report says the three universities that make up Michigan's University Research Corridor are a hotbed of entrepreneurship.
The report says graduates of Michigan State University, the University of Michigan and Wayne State University have started or acquired businesses at twice the national average rate among college graduates since 1996. They also were more successful than the average U.S. business owner at keeping those startups and acquisitions going.
The report was released Thursday during the Detroit Regional Chamber's annual policy conference on Mackinac Island. It was based on a survey of more than 40,000 alumni from the three universities by Anderson Economic Group of East Lansing.
University of Michigan President Mary Sue Coleman says the findings show that entrepreneurs come from many fields, not just science and engineering.