By Ben Rand
Insyte is proud to announce that we have surpassed $2.5 billion in client impact in WNY since the year 2000. This is a testament to our clients, the small and medium-sized manufacturers of WNY who continue to invest in themselves to improve their competitiveness and grow their sales. Their optimism and dedication is good news for every WNYer that wants a strong, vibrant economy for our region.
What does “client impact” mean? Simply put, it is the quantifiable benefit of all the project work that WNY manufacturers have done with Insyte over the last 18 years. Here is the breakdown of impacts by type, as reported by our clients:
These figures are particularly meaningful because they come directly from our clients through an independent survey process conducted on behalf of the federal government. Insyte receives a portion of our funding through the U.S. Department of Commerce’s (USDoC) Manufacturing Extension Partnership (MEP) program. To ensure that these funds are put to good use, the USDoC hires an independent, third-party survey company to contact each of our clients to quantify any benefits which that client has realized from their project(s) with Insyte.
WNY and Insyte have been very good investments for the federal government. From 2013 through 2017, when the MEP sCORE metrics were changed, Insyte was the MEP program’s top performer nationwide, which includes over 400 locations in all 50 states and Puerto Rico. WNY and Insyte had the highest average quantified impact per dollar of federal funding received, meaning a dollar invested in WNY and Insyte generated more impact than any other MEP center in the country. We are particularly proud that our projects have created or saved over 12,000 manufacturing jobs for our fellow WNYers over the years.
This $2.5 billion in impact is the culmination of thousands of projects with hundreds of small and medium-sized WNY manufacturers conducted over almost two decades. We work hard every day—one project at a time, one manufacturer at a time—to accomplish our mission “to transform our region by stimulating the growth and creation of dynamic companies.” When you do that, week after week, year after year, working with committed, dedicated clients, you can make a huge impact.