Economic Impact
Since 2005, Purdue MEP has achieved over $7.5 billion in economic impact throughout Indiana.
Our mission is to advance economic prosperity, health, and quality of life in Indiana and beyond. Our mission is brought to life in the work we do for our clients every single day.
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. The MEP program is a public-private partnership, designed from inception as a cost-share program. Federal appropriations pay a portion with the balance for each Center being funded by state/local governments and/or private entities, plus client fees. This funding provides the needed support that allows us to remain an economical service provider to manufacturing companies in the state of Indiana. This cost-share model contributes to MEP’s success.
To meet the requirements for continuation of this federal funding, our clients quantify the impact our services have had on their operations. These services include implementation projects where the client realizes significant operational improvements such as increases in production capacity, new sales opportunities, cost avoidance, and equipment and technology investment. 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.
Our Center is proud of what we have accomplished in conjunction with the state’s manufacturers that support our mission, and we look forward to what the future holds.
A recent study by Summit Consulting and the Upjohn Institute found that the NIST MEP program generates a substantial economic and financial return of nearly 17.2:1 for the $175 million invested in fiscal year 2023 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 | 41,080 |
| Sales Created and Retained | $5,852,994,982 |
| Cost Savings | $640,515,957 |
| Investment | $1,057,660,283 |
| Total | $7,551,171,222 |
| *July 1, 2005 - June 30, 2024 | |
| Annual Economic Impact | |
| Description | Totals |
| Jobs Created and Retained | 3,699 |
| Sales Increased and Retained | $666,979,502 |
| Cost Savings | $35,128,109 |
| Investment | $163,344,106 |
| Total | $865,451,717 |
| *July 1, 2023 - June 30, 2024 | |
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
