Manufacturing responding, thriving

Every $1 of federal investment in FY 2021 delivered

• $26.20 in new sales growth

• $34.50 in new client investment

The result: $14.4 billion in new, retained sales for U.S. manufacturers

Jobs

For every $1,193 of federal investment, the network created or retained one manufacturing job

In FY 2021, the MEP National Network interacted with:

• 34,307 U.S. manufacturers from nearly all manufacturing industries

• Helped U.S. manufacturers create, retain 125,746 jobs

• $14.4 billion in new, retained sales

• $5.2 billion in new client investments

• $1.5 billion in cost savings

Top 4 challenges over the next 3 years

63% - Employee recruitment and retention

60% - Cost reduction

46% - Identifying growth opportunities

38% - Innovation/product development

CARES Act impact

• NIST MEP awarded $50 million in federal funds

• MEP Centers served more than 5,300 companies with more than 7,300 CARES Act-funded projects

• 18,000 jobs created or retained

• Expanded reach of MEP Centers to serve more than 2,200 new manufacturing clients

• $1.4 billion in new, retained sales

• $480 million in new client investments

• $175 million in total cost savings

Source: https://www.nist.gov/news-events/news/2022/04/nist-mep-helps-manufacturers-respond-pandemic-and-thrive-despite-it