MSU Product Center 2023 Economic Impacts
DOWNLOADAugust 15, 2024
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EmailSince 2003, the Michigan State University (MSU) Product Center, part of MSU Extension, has assisted in business expansions resulting in total investments of over $455 million and creation of 3,673 jobs.
In 2023, the MSU Product Center:
- Aided 608 MSU Product Center clients through 2,918 counseling sessions.
- These clients were entrepreneurs who participated in one or more counseling session.
- Led to the creation of 202 jobs.
- Helped retain 102 jobs with existing businesses that would otherwise have been lost.
- Had clients launch 93 new food and beverage products.
- Secured more than $11.1 million in total capital formation, leveraging:
- $4.46 million in owner investment
- $4.98 million in other capital investment/grants
- $1.72 million in loans
Food Processing and Innovation Center
In 2023, the MSU Product Center's Food Processing and Innovation Center (FPIC) helped 26 clients launch 14 new products with 107 production days.
Core Services
Venture Development
The MSU Product Center provides vital venture development services for new and emerging businesses. Innovation counselors across the state deliver one-on-one counseling to clients and assist with developing concepts and business plans, navigating the regulatory process and accessing the supply chain.
Thanks to the MSU Product Center's close relationship with MSU campus staff and faculty, clients can access specialized services such as product classification and process authority review, nutritional labeling, food science, food processing and safety expertise, and packaging assistance.
Food Processing and Innovation Center
The Food Processing and Innovation Center is the nation's leading independent commercial food development, processing, packaging, and research facility. The center's real-time production environment supports the creation of vibrant new food products. Businesses big and small rent the state-of-the-art facility, which features the latest in processing and packaging technology to help reduce their risks and discover ways to take their operations to the next level. Products made in the Center comply with Food and Drug Administration and U.S. Department of Agriculture regulations.
Accelerated Growth Services
Accelerated growth services works with established businesses that want to improve their market performance. The MSU Product Center helps clients meet the high-level food safety and certification required by retailers. These strategic planning services also assist companies in charting a course for business expansion.
Strategic Research Group
The strategic research group services a broad and diverse client base. Market analysis, feasibility studies and economic impact reports provide clients with the data they need to make key decisions.
Making It In Michigan Conference and Trade Show
The Making It In Michigan Conference and Trade Show is an annual event designed to assist food business entrepreneurs. The conference provides educational sessions with a focus on starting and expanding food businesses. The trade show offers a venue for entrepreneurs to showcase their products to retails buyers and the general public.
2024 Making It In Michigan Award Winners
Entrepreneur of the Year Award
Chunk Nibbles, Brad Conklin, chunknibbles.com
Start-Up to Watch
Mushroom Angel Company, Dominique DaCruz and family, themushroomangel.com
Value-Added Agriculture Award
M & R Pickling, Ruth Yoder
Barrier Buster Award
Sticky Spoons Jam, LLC; Aiye Akhigbe, stickyspoonsjam.com
Young Innovator Award
Protein Pints, Paul Reiss and Michael Meadows, proteinpints.com
