Economic Impact

Since 2005, Purdue MEP has had over $1.5 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 opportunites. 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.

We are pleased to report the following results from our latest NIST MEP Report Card:

Lifetime Economic Impact
Description Totals
Jobs Created and Retained 12,531
Sales Created and Retained $1,167,787,973
Cost Savings $148,198,919
Investment $281,560,353
Total $1,597,547,245
July 1, 2005 - September 30, 2016
Annual Economic Impact
Description Totals
Jobs Created and Retained 2166
Sales Increased and Retained $161,561,411
Cost Savings $33,465,170
Investment $27,442,567
Total $222,469,148
October 1, 2015 to September 30, 2016

 

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

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