By james art 
Vermont Business Magazine Vmec, Vermont Manufacturing Extension Center, has released its annual impact report. As Vermont’s only focused resource for manufacturers, VMEC is the official representative of the National MEP (Production Expansion Partnership) in Green Mountain. And in recognition of their 30 years in business, they also made the results of their history after opening their doors in 1995.
The VMEC federal partner, Nist, the National Institute of Standards and Technology, uses an independent organization of third countries to conduct VMEC clients, as well as other MEPs in the US and Puerto Rico.
The highlights of the Vermont FY 2024 annual report include:
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Over $ 31,000,000 increased and sales sales
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433 common jobs created; This figure includes direct, indirect and induced jobs
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Over $ 33,000,000 salaries and benefits for employers for these jobs
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Nearly $ 8,000,000 in investment projects and customer modernization
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An average annual benefit of $ 69,000 for Vermont Manufacturing employees compared to Vermont’s average of $ 62,000
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The return on client’s investment is 331: 1, which means that every dollar customer spent on VMEC help returned on average for this investment of $ 331. This figure is based on data reported by the company in the last three years, April 2021 until March 2024.
The accents of the 30 -year influence report include:
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Over $ 400,000 increased sales and over $ 570,000 in sales detained
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Over $ 121,000,000 investment savings
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Nearly 4600 jobs are saved
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Over $ 187,000,000 investments for plants and equipment
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History of VMEC over the years and words from manufacturers and others served in the last three decades
“The support of our clients, partners and stakeholders in the last 30 years of the existence of VMEC has been a testament to the established and maintained partnerships. Thank you to everyone who has worked with VMEC during these years, ”the director and CEO of the State Center Patrick Boyle. “With the support and dedication of so much local, regional, state and national level, we are able to achieve an honor to provide our mission to strengthen and empower Vermont manufacturers on a daily basis.”
Both newly reported reports are visible to their relevant links on the VMEC website – 2024 VMEC impact report and 30th anniversary impact reportS
For Vmec: Part of the National National MEP and host of Vermont State University since 1995, VMEC has been working as a non -profit purpose with a major mission, “to strengthen and empower Vermont manufacturers.” Local resources and reliable advisor to manufacturing enterprises of all sizes, the VMEC team brings world -class expertise in consultation, coaching, maintenance of practical implementation, training and education for leaders and workers. VMEC provides proven systems and solutions focused on strategies, processes, products, technologies and people.
Vermont Manufacturing Extension Center (VMEC)
www.vmeec.org
PO BOX 12 I Randolph Center, VT 05061
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