- On December 28, 2023
As the year draws to a close, it’s an opportune moment to reflect on the remarkable journey of MassMEP and the thriving ecosystem of manufacturing in the state. In the ever-evolving world of industry, Massachusetts continues to stand tall as a beacon of innovation, resilience, and growth in the manufacturing sector.
MassMEP, a driving force behind the advancement of manufacturers, has consistently played a pivotal role in fostering a robust ecosystem for businesses. Throughout the year, MassMEP has been empowering manufacturers through tailored solutions, cutting technologies, and invaluable resources, including expanding its smart manufacturing programs to include automation and additive manufacturing, and re-invigorated a workforce pipeline program.
Direct impact for these services to MassMEP clients –
$73M Cost Savings
$47.5 Spent on New Investments
$2B increased & retained sales
$16.868 jobs created and retained
Indirect impact –
$47,813 jobs created and retained; $4.4B paid in wages & benefits
$181M tax and non-tax revenue
$1.1B GSP contributed or retained
$2.2B economic output increased or retained
One of the remarkable aspects of the Massachusetts’ manufacturing landscape is its adaptability and resilience in the face of challenges. Throughout the year, the industry has navigated uncertainties with determination, leveraging innovation and agility to overcome obstacles. Amidst these achievements, it’s essential to acknowledge the persistent challenges that manufacturing faces. Supply chain disruptions, evolving market demands, and the ongoing need for skilled labor remain areas of focus for the industry.
Looking ahead to the coming year, the prospects for manufacturing in Massachusetts are bright and innovative. Let’s celebrate the achievements, learn from the challenges, and set out sights on a future where manufacturing in Massachusetts continues to flourish. The dedication, resilience, and innovative spirit embedded within the industry pave the way for a brighter tomorrow. Exciting things to come in 2024.