A recent study by Summit Consulting and the W.E. Upjohn Institute for Employment Research found the National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP) Program generates a substantial economic and financial return of nearly 13.4:1 for the $140 million invested in FY 2019 by the federal government. The study also finds that total employment in the U.S. was nearly 217,000 higher because of MEP Center projects. In addition, the Upjohn study examined additional areas of economic impact not previously reported by the MEP Program: (1) personal income is $14.0 billion higher and (2) GDP is $22.9 billion larger, translating into an increase of $1.87 billion in personal income tax revenue to the federal government than without the MEP Program. The infographic below highlights these powerful impacts. The study is available at https://research.upjohn.org/reports/244/.
Publication Date: May 6, 2020