MEP national network FY 2022 impacts include more than 116,000 retained or created jobs, $18.8B in new or retained sales

The NIST (National Institute of Standards and Technology) Manufacturing Extension Partnership (MEP), a national public-private partnership initiative within the US. Department of Commerce dedicated to serving small and medium-sized manufacturers through 51 state centers, including Puerto Rico, recently released its Fiscal Year (FY) 2022 Client Impacts data following a survey of more than 9,000 manufacturing-related clients and businesses.  The MEP network reported assisting U.S. manufacturers in achieving the following: creating or retaining over 116,700 jobs; saving $2.5 billion in costs; generating $18.8 billion in new or retained sales; and, producing $6.4 billion in new client investments.

In total, building upon survey results and center metrics, this national network of MEP Centers in FY 2022 interacted with more than 33,500 manufacturers; for every one dollar of federal investment last year, the MEP National Network generated $35.80 in new sales growth and $40.50 in new client investment, which translated into more than $5.6 billion in new sales. During this same time, for every $1,353 of federal investment, the network either created or retained one manufacturing job. NISTMEP received $158 million in federal funding for FY 2022.

More information on NIST MEP and the national network of MEP Centers can be found here, and interested parties are encouraged to connect with your state’s MEP Center.