All companies that engage in projects with SCMEP are surveyed to demonstrate both quantitative and qualitative impacts on how we helped them to improve their performance and achieve their goals, measured annually in terms of dollars earned, saved and invested. These client companies are surveyed by NIST through an independent third party organization.
The importance of obtaining this objective data is in ensuring that SCMEP stays on-target in working to help small and mid-size South Carolina businesses enhance their global competitiveness by driving top-line growth, improving productivity, and developing their organizations’ capabilities.
SCMEP’s economic impact 2005 – 2007 (Dollar figures are in millions):
Overall Economic Impact
2007: $357 2006: $441.5
2005: $88.5
2004: $96.4
New and Retained Sales
2007: $281.3 2006: $304
2005: $87.1
2004: $137.2
Cost Savings
2007: $2.9 2006: $8.6
2005: $23
2004: $23.9
Capital Investment
2007: $40.8 2006: $48
2005: $16.5
2004: $23.7
Jobs Created and Retained
2007: 1,4762006: 1,732
2005: 1,175
2004: 953
Number of Manufacturers Served
2007: 1,7612006: 2,248
2005: 2,060
Source: U.S. Department of Commerce