MBJ ($): U of M research spending outpaces previous years
As the University of Memphis prepares to break from the Tennessee Board of Regents in 2017, its research spending is up nearly 40 percent.
According to the latest available budget, the University of Memphis (U of M) spent an estimated $28.3 million on research initiatives for the 2015-2016 fiscal year. That figure is 37.3 percent more than the $17.4 million in actual research expenditures the university made during the 2014-2015 fiscal year.
When Tennessee Gov. Bill Haslam announced the eight appointees selected to lead the U of M’s newly created independent governing board, U of M president M. David Rudd reiterated his administration’s focus on research.
“We aspire to join the top tier of research universities nationally and look forward to working with this very talented group to realize that goal,” Rudd said. “The appointment of our new Board of Trustees and related change in our governance structure will better position the U of M to grow and compete at the national level.”
To read more about the U of M’s new Board of Trustees, please see our latest cover story, ” A University by Memphis.”
Recent University of Memphis research expenditures:
- 2010: $15.4 million
- 2011: $15.9 million
- 2012: $17.6 million
- 2013: $17.3 million
- 2014: $18.1 million
- 2015: $17.4 million
- 2016: $28.3 million*