National Small Business Week, which is taking place June 17-21, recognizes the contributions of America’s entrepreneurs to job creation and economic growth. One way that the Commerce Department works to support small- and medium-sized enterprises is through the National Institute of Standards and Technology’s (NIST) Manufacturing Extension Partnership (MEP), a public-private partnership designed to encourage innovation in American manufacturing.
NIST MEP is a nationwide network of technical experts and business advisers who work with small- and mid-sized U.S. manufacturers, helping these businesses identify growth opportunities. MEP focuses its resources on five critical areas: technology acceleration, supplier development, sustainability, workforce and continuous improvement of manufacturing processes, products, and services.
For every one dollar of federal investment, MEP generates nearly $20 in new sales growth, which amounts to about $2.5 billion in new sales annually. And for every $2,100 of federal investment in the program, MEP creates or retains one manufacturing job. These investments support the administration’s commitment to helping U.S. manufacturers innovate, grow, and create good jobs.
NIST MEP has successfully helped manufacturers across the country grow their businesses. For example: