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 $6.4 billion in economic impact along with over 6700 jobs created or retained.

Economic Impact: $6,402,935,054*
Amount reported from January 1, 2006 to March 31, 2022
Increased/Retained Sales:$5,992,437,072
Cost Savings/Avoidance:$102,358,920
Plant/Equipment Investment:$250,885,414
Workforce Skills Investment:$9,509,693
New Products & Processes:$47,743,955
Jobs Created/Retained:6,762

MEP Success Stories: