Economic Impact

Since 2005, Purdue MEP has had $3.90 billion in economic impact throughout Indiana.

 

Purdue MEP is partially underwritten by federal funding from the NIST (National Institute of Standards and Technology) MEP program. This funding provides the needed support that allows us to remain an economical service provider.

To meet the requirements for continuation of this federal funding, our clients quantify the impact our services have had on their companies. These services include implementation projects where the client realizes significant operational improvements and increases in production capacity, sales opportunity, cost avoidance, and investment opportunities. And thus, both client satisfaction and impact measurement are essential and critical elements of all MEP projects. This quantification of impact occurs via an independent, neutral third-party survey firm.

A recent study by the W.E. Upjohn Institute found that NIST MEP generates a substantial economic and financial return of nearly 14.4:1 for the $140 million invested by the federal government. The entire report can be found here.

 

We are pleased to report the following results from our latest round of client surveys:

Lifetime Economic Impact
Description Totals
Jobs Created and Retained 22,434
Sales Created and Retained $3,075,194,533
Cost Savings $329,282,590
Investment $494,054,932
Total $3,898,532,055
July 1, 2005 - June 30, 2019
Annual Economic Impact
Description Totals
Jobs Created and Retained 4,997
Sales Increased and Retained $1,085,758,517
Cost Savings $59,335,624
Investment $116,292,055
Total $1,261,386,196
July 1, 2018 - June 30, 2019

 

Client Perspective

Through this partnership with Purdue, we realized our planned new product, the Smart Actuator, had more potential than we thought. By concentrating on its benefits and pricing, we identified several new markets. Our primary goal is to build on a century of innovation by developing new products and extending our market leadership to the next generation at Hansen for another 100 years.

- William Poyner, President, Hansen Corporation

NIST

Purdue Manufacturing Extension Partnership, 8626 E. 116th Street, Suite 200, Fishers, IN 46038-2815, (317) 275-6810

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