Purdue TAP/MEP is partially underwritten by federal funding from the NIST (National Institute of Standards and Technology) Manufacturing Extension Partnership (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, we ask our clients to quantify the impact that 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 TAP/MEP projects.
This quantification occurs via a two-step process of anticipation and then validation of results (one year later). Two parties are involved in this process: The Purdue TAP/MEP Account Manager works with the company to anticipate the results of each project undertaken. And then one year later, an independent, neutral third-party survey firm contacts the company to confirm the actual results realized.
We are pleased to report the following results from our latest NIST MEP Report Card:
Lifetime Economic Impact |
| Description |
Totals |
| Jobs Created and Retained |
6,952 |
| Sales Created and Retained |
$523,804,551 |
| Cost Savings |
$67,704,190 |
| Investment |
$140,239,251 |
| Total |
$731,747,992 |
| July 1, 2005 to June 30, 2011 |
Annual Economic Impact |
| Description |
Totals |
| Jobs Created and Retained |
2,279 |
| Sales Created and Retained |
$100,395,159 |
| Cost Savings |
$13,077,573 |
| Investment |
$39,565,000 |
| Total |
$153,037,732 |
| July 1, 2010 to June 30, 2011 |
Quarterly Economic Impact |
| Description |
Totals |
| Jobs Created and Retained |
1,352 |
| Sales Created and Retained |
$39,902,964 |
| Cost Savings |
$2,698,600 |
| Investment |
$ 18,458,000 |
| Total |
$61,059,564 |
| April 1, 2011 to June 30, 2011 |