Universities impact local community because of spending on salaries, etc.
Building State Economies by Promoting University-Industry Technology Transfer. This report examines the importance of state universities' patent and licensing agreements to economic development plans and provides policymakers with strategies for promoting university-industry technology transfer. The study prepared by BankBoston examines the economic impact of companies founded by MIT alumni. A description of the data gathering method used in the study of the impact of MIT licensing. The Association of University Technology Managers collects and publishes statistics and analyses of university patenting and licensing activities.