MMEC provides substantial return on investment to Montana taxpayers

Montana State University’s Montana Manufacturing Extension Center provides the state of Montana with an 8-1 return on investment, based on $250,000 the state invested in 2014, according to a recent study by the University of Montana’s Bureau of Business and Economic Research.

"Manufacturing is a vital part of Montana’s economic future, and the growth in manufacturing in Montana outpaces the national rate," said Paddy Fleming, director of MMEC. "Eighty-one percent of Montana manufacturers have fewer than 10 employees and 55 percent of them have been in business for fewer than 20 years. During the past 20 years, however, the number of manufacturers has more than doubled to 2,841 companies, which means that we’re busier than ever. Most companies consider 30 percent (return on investment) to be a good investment, so 800 percent is truly amazing. We are proud to be one of the best investments the state of Montana makes to further manufacturing in Montana."

Full Story: http://www.montana.edu/news/16286/mmec-provides-substantial-return-on-investment-to-montana-taxpayers