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Congress Restores Funding for
Manufacturing Extension Partnership

Congress Restores Funding for
Manufacturing Extension Partnership

Thursday, June 24, 2004
 
In what has been hailed as a victory for manufacturers, The U.S. House of Representatives has approved $106 million in FY 2005 funding for the Manufacturing Extension Partnership (MEP). MEPs are a network of nationwide centers that provide resources small and medium-sized manufacturers including assistance with process improvements, worker training, business practices and information technology applications. The Bush administration budget had included $39 million for MEPs in FY 2005, down from an FY 2003 operating budget of $106 million. The Precision Metalforming Association, working with a coalition of Congressional offices and associations, sought to restore funding to the $106 million level. The Senate, in coming weeks, is expected to request similar funding. In FY 2002, according to PMA, MEPs served 18,000 manufacturers, resulting in $681 million in cost savings for those manufacturers and 35,000 jobs saved or created. The Department of Commerce reports that the federal government’s ROI in MEPs is $4 in federal tax revenue for every $1 invested in the program.

 

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