Manufacturing services trigger $130 million economic impact

Posted on Aug 16, 2011 :: Insight on Business, Web Exclusive.
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Posted by of Insight Publications

Services provided by the Wisconsin Manufacturing Extension Partnership (WMEP) triggered a $130 million economic impact and helped to create and save 1,009 manufacturing jobs, according to results documented by clients.

WMEP, a private, non-profit consulting organization, provides a wide range of services to help small and midsize manufacturers accelerate growth, profitability and global competitiveness. 

Results reported by 214 manufacturers during fiscal 2011 include:

  • $83 million in increased and retained sales
  • $16 million in cost savings
  • $31 million in investment impact, including new plant and equipment
  • 355 jobs created and 654 jobs retained

In addition, an analysis of the data projects a $3.8 million tax revenue benefit to the State of Wisconsin as a result of sales and jobs impacts.

“We’re very pleased with the financial gains we’ve been able to help manufacturers achieve, and grateful for the opportunity to partner with them to improve their businesses,” says WMEP’s executive director Buckley Brinkman.

Since 1998, WMEP has helped to generate $1.7 billion in economic impact and create and save 14,000 state manufacturing jobs.