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NEPIRC Creates/Retains 1,645 Jobs in 2010
An independent study recently concluded that client projects performed by NEPIRC were responsible for the creation or retention of 1,645 NE PA jobs in 2010. Those projects also led to over $182 million in new or retained sales.
Hanover Township, PA - 05/09/2011
An independent study recently concluded that client projects performed by NEPIRC – the Northeastern Pennsylvania Industrial Resource Center – were directly responsible for the creation or retention of 1,645 northeastern Pennsylvania jobs in 2010. Those projects also enabled clients to invest over $17 million in regional expansion or modernization and led to over $182 million in new or retained sales. These results were accomplished within NEPIRC’s 11-county service area, which includes Bradford, Columbia, Lackawanna, Luzerne, Monroe, Pike, Sullivan, Susquehanna, Tioga, Wayne and Wyoming counties.
Impact results were gathered by Turner Marketing, a Florida-based international marketing and consulting firm, and the United States Department of Commerce. Impact was determined based upon client phone interviews and online surveys designed to determine the financial and employment impacts that were a direct result of NEPIRC engagements.
“We’re pleased to have had such a dramatic impact upon our regional economy and to have provided the Commonwealth of Pennsylvania with such a positive return on its investment in us,” said Eric Joseph Esoda, NEPIRC’s Executive Director. “As the manufacturing sector continues its rebound, we look forward to even more job creation in the years ahead.”
NEPIRC consults directly with regional manufacturers to increase their competitiveness, profitability and long-term viability. The organization’
NEPIRC, located in Hanover Township, is one of seven Industrial Resource Centers (IRCs) throughout the Commonwealth of Pennsylvania. IRCs represent Pennsylvania’
Earlier this year, a research team led by faculty at Cleveland State University determined that the IRCs collectively generated the following results during their 2009/2010 fiscal year:
• Creation of 1,498 new manufacturing jobs
• Retention of 4,833 manufacturing jobs
• Creation of 4,200 new indirect or ancillary jobs
• Additional $31 million in revenue to state and local taxing authorities due to sales growth reported by clients
• Additional $5 million in revenue to state and local taxing authorities due to increased wages reported by clients.
Overall, the research concluded that the IRC program returned in excess of $8.00 in new tax revenue for each $1.00 of Commonwealth of Pennsylvania funds invested and created or retained a family-sustaining job for each $2,187 of Commonwealth funds.
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NEPIRC is a not-for-profit consulting resource for regional businesses. Our goal is to help clients maximize their competitiveness, productivity, profitability and long-term viability by availing them to world-class business consultants that get results.