SCMEP PRODUCES STATEWIDE ECONOMIC IMPACT OF $1.9 BILLION IN 2019
The South Carolina Manufacturing Extension Partnership (SCMEP) released its annual report numbers, resulting in a statewide economic impact of $1.9 billion in 2019.
All companies that engage in projects with SCMEP are surveyed to demonstrate both quantitative and qualitative impacts on how the organization helps manufacturers improve their performance and achieve their goals. This impact is measured quarterly, and reported annually, in terms of dollars earned, saved and invested.
SCMEP’s client companies are surveyed by NIST through an independent third-party organization. Obtaining this objective data ensures 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.
In 2019, SCMEP worked with 465 companies, completed 479 projects, and created and retained 5,679 jobs. Additional impact report numbers:
- 2019 Statewide Economic Impact = $1.9 Billion
- 271 companies attended open enrollment training
- 479 completed projects
- New Sales – $73 Million
- New Investment – $354 Million
- Cost Savings – $84 Million
- Retained Sales – $1.4 Billion
- Jobs Created – 1,131
- Jobs Retained – 4,548