iLabs, the University of Michigan-Dearborn's Center for Innovation Research, tracks changes in economic innovation in Michigan. These quarterly changes are reported in the University of Michigan-Dearborn Innovation Index. Similar to the U.S. Consumer Price Index and the Standard and Poor's 500 Index the Innovation Index evaluates accelerations and decelerations in innovation activity in the Michigan economy over time. The Index uses a 100 point scale (calibrated to the first quarter of 2007) to identify changes.
The University of Michigan-Dearborn Innovation Index has six components that examine innovation activity:
Small Business Administration Loans
Gross Job Creation
Below are the most recent quarterly releases of the University of Michigan-Dearborn Innovation Index:
For more information on the Index visit the "Introduction to the Index" or contact Project Director Dr. Lee Redding.