Wilkes-Barre, PA – The International Economic Development Council (IEDC), the world’s largest association of economic…
Wilkes-Barre, PA., March 24, 2021 – According to the Northeastern Pennsylvania Industrial Resource Center’s (NEPIRC’s) recently-released annual impact report, the organization’s manufacturing clients realized $95.5 million of new and retained sales and $12.6 million of cost savings as direct results of NEPIRC’s consultative services throughout 2020. Those impacts allowed their clients to create and retain 1,113 manufacturing jobs during the year and invest more than $14.9 million in regional expansions, modernization and workforce training. The data cited within the annual report was obtained from third-party administered surveys distributed to 111 companies that utilized NEPIRC’s services throughout 2019 and 2020.
Based upon actual company feedback, more than two-thirds of NEPIRC clients experienced cost savings as a beneficial outcome of working with NEPIRC to improve productivity, reduce waste and address persistent production challenges. The average level of annual cost savings reported was $187,302. Nearly 40% of all NEPIRC clients experienced revenue increases by working with NEPIRC to increase production capacity, identify new markets, innovate new products and increase market share. The average level of client sales growth was $558,407.
“To have these dramatic impacts, particularly in the areas of sales growth and job creation within our clients, amidst the challenges of a pandemic is a great testament to the expertise of our team here at NEPIRC and the resiliency and strength of our region’s manufacturers,” said Eric Joseph Esoda, NEPIRC’s President & CEO. Much like many of its manufacturing clients, NEPIRC remained operational throughout the pandemic as an essential business enterprise.
The independent survey process used to gather client feedback and impact regarding NEPIRC’s engagements also inquired as to the top reasons that firms chose NEPIRC as their consultant of choice throughout the past year. More than 60% of clients cited NEPIRC’s staff expertise as the driving force behind their decision to work with NEPIRC. The reasonable cost of NEPIRC services and the organization’s reputation for providing fair and unbiased advisement also factored into most client decisions to retain NEPIRC’s services.
NEPIRC is a not-for-profit organization that provides world-class technical, engineering, consultative and training services to small and mid-sized manufacturers across an 11-county region of northeastern, northern and parts of central Pennsylvania. More information can be found at www.NEPIRC.com or via email to Info@NEPIRC.com or Eric Joseph Esoda at Eric@NEPIRC.com.