The South Carolina Manufacturing Extension Partnership (SCMEP) has released its annual report numbers, resulting in a statewide impact of 1.443 billion, an increase from last year’s impact of $1.038 billion.
All companies that engage in projects with SCMEP are surveyed to demonstrate both quantitative and qualitative impacts on how the organization helps manufactures improve their performance and achieve their goals. This impact is measured quarterly, and reported annually, in terms of dollars earned, saved and invested.
SCMEP’s client companies are surveyed by NIST through an independent third party organization. Obtaining this objective data ensures that SCMEP stays on-target in working to help small and mid-size South Carolina businesses enhance their global competitiveness by driving top-line growth, improving productivity, and developing their organizations’ capabilities.
This year, in addition to impacting S.C. by more than one billion dollars, SCMEP worked with 331 South Carolina companies, completed 629 projects, and created and retained 3,225 jobs.
SCMEP’s impact report numbers:
-2016 Statewide Impact – $1.443 Billion
-Worked with 331 companies
-225 companies attended open enrollment training
-629 completed projects
-New Sales – $112.6 Million
-New Investment – $91.4 Million
-Cost Savings – $61.9 Million
-Retained Sales – $1.2 Billion
-Manufacturers Served – 441
-Jobs Created – 673
-Jobs Retained – 2,551
Founded in 1989 and an affiliate of the National Institute of Standards & Technology (NIST), SCMEP operates under the US Department of Commerce to promote innovation and industrial competitiveness. SCMEP is a private, non-profit resource for small to mid-size South Carolina businesses that uses a strategic, hands-on, partnering approach to help South Carolina companies improve their competitiveness, performance and profitability. To learn more about SCMEP, visit http://www.scmep.org.