NY MEP Announces Latest Economic Impacts

FuzeHub Staff FuzeHub Blog 0 Comments

NY MEP network contributed to the creation, retention of thousands of jobs statewide.

The New York Manufacturing Extension Partnership (NY MEP) network
helped create or retain 5,351 manufacturing jobs and generate $819.3 million in company cost savings, new investments and increased or retained sales in 2018.

The NY MEP network is a coalition of 10 regional MEP centers and one statewide center, FuzeHub. In each of their regions and across the state, they help small to mid-sized manufacturing companies identify and implement solutions to become more competitive and more efficient in order to accelerate their growth and create jobs.

“The NY MEP network helps manufacturers solve challenges to ignite their growth,” said FuzeHub Executive Director Elena Garuc. “Last year, our network of organizations worked with manufacturers in every corner of the state, providing access to programs, funding, resources, experts and partners to increase their competitiveness and generate new growth. With new and emerging technologies accelerating change within the manufacturing industry, the NY MEP can help local manufacturers keep pace and get ahead of the curve and their competition.” Across New York State, there are more than 15,300 manufacturing companies, which provide 437,000 jobs and generate $73 billion in economic output.

The NY MEP economic impact of 5,351 jobs and $819.3 million breaks down to:

  • 1,203 jobs created
  • 4,148 jobs retained
  • $181.9 million in new investments made by MEP-supported companies in New York State
  • $47.5 million in cost savings resulting from MEP solutions
  • $589.9 million in increased and retained sales due to manufacturers’ expanded/enhanced capabilities

The NY MEP helps companies with innovation, process and quality improvement, product development, scale-up, tech acceleration, research commercialization, sustainable manufacturing and more. The economic impact information is based on data from the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (NIST MEP), the federal agency that administers the national MEP program.

About the New York Manufacturing Extension Partnership

The New York Manufacturing Extension Partnership (NY MEP) is a network of 11 organizations that provide growth and innovation services to small and mid-sized manufacturers in every corner of the state to help them create and retain jobs, increase profits, and save time and money. FuzeHub is the statewide NY MEP center, and AIM is the regional NY MEP center for the Mohawk Valley. NY MEP is part of the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership and is supported through a combination of federal and state funding.

The NY MEP assists companies by providing affordable services in the areas of technology acceleration, product development and prototyping, process improvements, innovation strategies, quality control, manufacturing scale- up, supply chain assistance, and new market strategies.
For more information on NY MEP, visit fuzehub.com/ny-mep.

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