Manufacturing Clients Report nearly $597 Million in Economic Impact, 735 Jobs Created and Retained
Nov. 5, 2013 MADISON, Wis. – Services provided by the Wisconsin Manufacturing Extension Partnership (WMEP) triggered a $597 million economic impact and helped to create and save a total of 735 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 106 manufacturers during Fiscal Year 2013 include:
- $374 million in increased and retained sales
- $10 million in cost savings
- $213 million in investment impact, including new plant and equipment
- 735 jobs created or retained
“We are extremely proud of the results our team was able to help our clients create,” said Buckley Brinkman, WMEP’s executive director and chief executive officer. “Adding to our usual strong performance was a number of unique opportunities where we were able to create more than $200 million of impact for clients. These one-time opportunities enabled us to establish a new record for the WMEP.”
Over the past five years, the WMEP has helped to generate more than $1.2 billion in economic impact and create and save nearly 4,400 state manufacturing jobs.
The results documented by customers reflect successful projects completed under WMEP’s expanded offering of Next Generation Manufacturing services. Those services are targeted to promote performance excellence in new product innovation, talent management, export development, sustainability, supply chain management and continuous improvement.
“The WMEP’s services, which are second to none among non-governmental organizations, have driven job creation, costs savings and revenue growth at small and midsize manufacturers in Wisconsin,” said Mary Isbister, chairwoman of the WMEP’s board of directors and president of GenMet Corp., a Mequon custom metal fabricator. “I continue to be impressed with the results and stress that the benefits of a strategic partnership with the WMEP can’t be overstated.”
The focus is on applying lean strategies enterprise-wide and instilling them deeply into a company’s culture and employees, in contrast with smaller projects in the past that were more limited in scope.
The WMEP is a strategic partner of the Wisconsin Economic Development Corporation (WEDC) and a leading member of the national MEP network.
The annual economic impact data is part of a national evaluation conducted by an independent firm for the NIST Hollings Manufacturing Extension Partnership (MEP), a national network of 56 centers that provide assistance to small and midsize manufacturers. Manufacturers are surveyed six months after the completion of a project.
Manufacturing is a leading industry in Wisconsin, employing more than 450,000 workers at 9,341 manufacturing establishments. The sector contributed nearly $50 billion to Wisconsin’s gross state product in 2012. Manufacturing employed 16.8 percent of Wisconsin’s total workforce in 2012, according to the state.
“Manufacturing is still the heart and soul of Wisconsin’s economy,” Brinkman said. “The WMEP provides the tools and expertise that allow manufacturers to successfully compete in a rapidly changing, intensely competitive global economy.”
WMEP is a private, nonprofit organization committed to the growth and success of Wisconsin manufacturers. WMEP receives financial support from the Wisconsin Economic Development Corporation and the NIST Hollings Manufacturing Extension Partnership. WMEP also partners with many public and private organizations to serve Wisconsin manufacturers. For more information, visit www.wmep.org.