Today, Ann Arbor is home to the University of Michigan. The University is very important to the city because 30,000 people work for it. 12,000 of these workers work for the University of Michigan Health System, which are hospitals and clinics run by the University. Ann Arbor's economy is also very high-tech. High-tech companies come to the area because there are many graduates and a lot of research and development money at the University.