Economic impact

From 2014 through 2016, the MU Extension Business Development Program (BDP) assisted Missouri companies with technical assistance and education resulting in the following outcomes:

  • 23,927 jobs created or retained
  • $900 million in sales increases
  • $436 million in new investment
  • $1.1 billion in government contracts.

This represents one job created or retained for every $844 in total funding, and $120 of economic impact for every $1 invested. This is a return of $2.43 billion for a federal, state and local investment of $20.2 million.

“Small businesses are the economic lifeblood of our state and nation,” said Steve Devlin, BDP director. “And these impressive results validate what independent economic development research has said for some time — that the BDP is a solid return on investment and fuels the innovative and entrepreneurial companies that sustain our communities.”

TAAF and Mid-America TAAC impact and results are available here.

In the past three years, fiscal years 2014-2016, the MU Extension Business Development Program helped Missouri firms create or retain 23,927 jobs, increased sales by $900, attract $436 million in new investments and win $1.1 billion in government contracts.