Since 2005, Purdue MEP has had over $2.25 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.
A recent study by the W.E. Upjohn Institute found that NIST MEP generates a substantial economic and financial return of nearly 9:1 for the $130 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|
|Jobs Created and Retained||15,624|
|Sales Created and Retained||$1,651,972,188|
|July 1, 2005 - December 31, 2017|
|Annual Economic Impact|
|Jobs Created and Retained||2,443|
|Sales Increased and Retained||$376,392,244|
|January 1, 2017 to December 31, 2017|
“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