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 $5.5 billion in economic impact along with over 3200 jobs created or retained.

Economic Impact: $5,972,122,195*
Amount reported from January 1, 2006 to December 31, 2017
Increased/Retained Sales:$5,707,029,554
Cost Savings/Avoidance:$44,544,734
Plant/Equipment Investment:$200,685,485
Workforce Skills Investment:$5,271,334
New Products & Processes:$14,591,088
Jobs Created/Retained:4,753

MEP Success Stories: