The Northeastern Pennsylvania Industrial Resource Center (NEPIRC) today received a prestigious International Economic Development Council (IEDC) Multiple-Year Economic Development Award at the IEDC Conference in Cleveland, OH. NEPIRC CEO, Eric Esoda, and Board of Directors Chairman, Bruce Daniels, were on hand to accept the award.
The IEDC award is the result of the outstanding impact NEPIRC engagements had within regional manufacturing clients. “This an exceptional achievement for NEPIRC and places the organization among an elite group of economic development organizations worldwide. I am extremely proud of this recognition and what it says about our organization, our team and our local manufacturing clients,” noted Esoda.
NEPIRC is part of the National Institute of Standards & Technology (NIST) Manufacturing Extension Partnership (MEP) Program and submitted its application for the 3-year period covering January 1, 2013 through December 31, 2015. The award recognizes NEPIRC’s engagements within local manufacturers during the 3-year period, which resulted in:
• Client cost savings of $46.97 million;
• Client regional investments of $68.91 million;
• Client revenue growth or retention of $460.40 million;
• Client retention of 2,946 at-risk manufacturing jobs; and
• Client creation of 647 full-time manufacturing jobs.
During that time, NEPIRC implemented an innovative portfolio of manufacturer services, educational programs and technology-awareness events that served over 300 companies. NEPIRC’s achievements were critical to the economic vitality of the region, which derives 12.8% of employment and 15.21% of total wages from the manufacturing sector.
NEPIRC will celebrate this achievement locally during a community event on October 20.
MEP is a public-private partnership with a national network of centers in each state and Puerto Rico working with small and mid-sized manufacturers to improve productivity, innovate new products, create jobs, and accelerate the adoption of new technologies.
As a non-regulatory agency of the U.S. Department of Commerce, NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve our quality of life.
About the Excellence in Economic Development Awards
IEDC’s Excellence in Economic Development Awards program distinguishes the world’s best economic development programs and partnerships, marketing materials, as well as the year’s most influential leaders. The awards honor organizations and individuals for their efforts in creating positive change in urban, suburban and rural communities.