Based on the feedback from 206 manufacturers that retained the Wisconsin Manufacturing Extension Partnership (WMEP) during the past fiscal year, the services provided by WMEP have generated an economic impact of $164 million and have helped create or retain 973 jobs. About two-thirds of the economic impact has been through new and retained sales.
“The good news is that we continue to see manufacturers move out of survival mode and into growth mode,” said Michael Klosinski, WMEP’s executive director. “The ability to develop new markets, products and customer solutions is more important than ever.”
The companies that retained WMEP reported a combined $102 million in increased and retained sales, $30 million in cost savings and $32 million in investment into facilities and equipment.
