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 sized manufacturing enterprises so that these companies 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 $6.1 billion in economic impact along with over 5800 jobs created or retained.

Economic Impact: $6,191,565,246*
Amount reported from January 1, 2006 to June 30, 2020
Increased/Retained Sales:$5,865,851,322
Cost Savings/Avoidance:$70,319,946
Plant/Equipment Investment:$225,006,897
Workforce Skills Investment:$8,252,643
New Products & Processes:$22,134,438
Jobs Created/Retained:5,839

MEP Success Stories: