For more information contact:
Kathie Mahoney, MassMEP, firstname.lastname@example.org,
Shari Worthington, PR Counsel, Telesian Technology,
MassMEP Releases Annual Report of Impact on Massachusetts Manufacturing
April 22, 2013 – Worcester, Massachusetts -- The Massachusetts Manufacturing Extension Partnership (MassMEP), a NIST-affiliated organization that helps the state's manufacturers transform and grow their companies, has released its latest annual report, "Enabling Manufacturers to Compete in the Global Economy: 2012 Annual Report." The report provides an overview of the results obtained by Massachusetts manufacturers as they work with MassMEP on continuous improvement, workforce strategies, sustainability, technology acceleration, and global supply chain initiatives.
"The good news is that in the two years since the 2009 great recession, the Massachusetts Gross Domestic Product rose 23%, twice the cumulative amount for the prior eight years," stated Jack Healy, MassMEP Director of Operations. "While the focus of many economists has centered mostly on losses, the untold story has been the remaining manufacturers and their competitiveness in the global environment. After losing 20% of our overall manufacturing firms between 2002 to 2010, along with 35% of the workforce, the remaining manufacturers are maintaining outstanding output levels."
Over the past five years, manufacturers report that for every $1 of fees paid for MassMEP services, they saw a return of $72.28 in increased sales as well as $21.31 in cost savings. In addition, manufacturers created 1,800 jobs and retained an additional 5,561 jobs that otherwise would not exist. Manufacturers working with MassMEP also invested $236.8 million on modernization and workforce training.
The broader economic impact shows a ripple effect across the Massachusetts economy:
- Creation / retention of 16,800 jobs that paid a total of $969.8 million in employee wages and benefits,
- Increase / retention of economic output worth $3.6 billion,
- Contribution / retention of $1.40 billion of gross state product, and
- Generation / retention of $379.2 million in additional tax and non-tax revenues at the federal, state, and local government levels, including $141 million at the state and local level.
To help companies grow and innovate, MassMEP launched a number of major programs in 2012.
- Technology commercialization program, in partnership with UMass Innovation Institute, that facilitates manufacturer access to university research and intellectual property.
- $4 million H-1B grant that provides training, career seminars, and resume assistance to place American workers in jobs.
- Associate Degree Completion Program, developed in conjunction with Quinsigamond Community College, that provides a pathway to a QCC A.S. degree in Manufacturing Technology, Applied Manufacturing Option.
The MassMEP "Enabling Manufacturers to Compete in the Global Economy: 2012 Annual Report" can be downloaded at: http://www.massmep.org/massmep2012.pdf
Massachusetts Manufacturing Extension Partnership provides services that help manufacturers transform and grow their organizations. From workforce strategies to lean training to supply chain management, MassMEP delivers positive, measurable, and sustainable impact on a company's top and bottom lines. Key programs include Innovation for Growth, Workforce Strategies, Systemic Continuous Improvement, and Value Opportunity Profile. For more information, visit http://www.massmep.org.
For further information contact:
100 Grove St.
Worcester, MA 01605
Shari Worthington, President
Telesian Technology Inc.
49 Midgley Lane
Worcester, MA 01604 USA
+1 508.755.5242, Fax: +1 508.795.1636
© 2013, MassMEP, Manufacturing Advancement Center