Economic Impact
MSU’s CAVS Extension is a cooperating center within Mississippi Manufacturers Association (MMA), 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 $7.6 billion in economic impact along with over 7700 jobs created or retained.
| Economic Impact: | $7,639,819,818* |
|---|---|
| Amount reported from January 1, 2006 to December 31, 2024 | |
| Increased/Retained Sales: | $6,408,308,460 |
| Cost Savings/Avoidance: | $184,521,072 |
| Plant/Equipment Investment: | $651,031,362 |
| Workforce Skills Investment: | $14,031,319 |
| New Products & Processes: | $381,927,605 |
| Jobs Created/Retained: | 7,781 | *Economic Impact amounts are collected and verified by the U.S. Department of Commerce |
MEP Success Stories:
- Meucci Cues - Site Master Planning
- BSP Filing Solutions - Site Master Planning Project
- Manufacturability Case Study for Increased Capacity and Cost Reduction for Eyeglass Manufacturer
- Manufacturing Transformation at Mitchell Metal Products
- Lean Manufacturing Production Systems at Caterpillar, Inc.
- Site Master Planning at CITE Armored
- Manufacturability Case Study of New Speed Box Product
- Underslung Assembly Line Process Improvement
- Mine-Resistant Ambush Protected Case Study: Navistar Defense's Plant in West Point, Mississippi