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Current State of Manufacturing
The COVID-19 pandemic has underscored manufacturing’s role in providing products that are critical to health, safety, national security, and the continuity of multiple industries. It has also revealed the extent to which global supply chains are exposed to shocks and disruptions. All of this has occurred at a moment when new technologies, process innovations, and demand growth are reshaping the sector worldwide.
The National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (MEP) commissioned a new study by Summit Consulting and the Upjohn Institute. The study finds the MEP program generates a substantial economic and financial return of 17.2:1 for the $175 million invested in fiscal year 2023 by the federal government. The study finds that 309,000 more Americans were employed because of Manufacturing Extension Partnership Center projects.
This white paper describes the ways the MEP National Network works to strengthen and empower U.S. manufacturers, and what you can do to help your company and the manufacturing industry thrive in the global economy.