About :: Economic Impact

Economic Impact Data

As required by the NIST/MEP program, MAGNET requests that each of our clients provide information to a third-party auditor on the value of the work performed by our consultants.

By evaluating project related factors such as new and retained sales, capital investments, jobs created or retained, and cost-savings, the auditors provide MAGNET with the economic impact of our services.

Fiscal Year 2009

Increased/Retained Sales
$63,764,601
Cost Savings
$25,295,123
Investments
$33,636,175
Total Impact
$122,695,899
Jobs Created/Retained
926
Source: NIST Third-Party (Turner Marketing) Survey

Fiscal Years 2005 through 2009

Increased/Retained Sales
$500,376,601
Cost Savings
$87,583,877
Investments
$156,942,011
Total Impact
$744,902,489
Jobs Created/Retained
4,644
Source: NIST Third-Party (Turner Marketing) Survey