Economic Impact

Innovate Mississippi

MSU’s CAVS Extension is a cooperating center within InnovateMEP, which hosts Mississippi’s Manufacturing Extension Partnership (MEP) program. MEP is a federal program operating within the U.S. Department of Commerce - National Institute of Standards and Technology. The objective of MEP is to provide technical assistance to small and medium size manufacturing enterprises so that these company’s increase growth and profitability. The following impacts are based on client responses following the completion of CAVS Extension projects. These responses are captured through a third party survey, conducted on behalf of the U.S. Department of Commerce.

The Bagley College of Engineering’s CAVS Extension center has generated a substantial return on investment since 2006 … over our clients reporting over $6 billion in economic impact along with over 4900 jobs created or retained.

Economic Impact: $6,001,003,334*
Amount reported from January 1, 2006 to September 30, 2018
Increased/Retained Sales:$5,716,851,522
Cost Savings/Avoidance:$53,987,255
Plant/Equipment Investment:$205,960,685
Workforce Skills Investment:$5,666,034
New Products & Processes:$18,537,838
Jobs Created/Retained:4,961

MEP Success Stories: