Matric eligible to compete in large-scale market

From staff reports

The Small Business Administration (SBA) announced The Matric Group is now eligible for HuBZone opportunities and will be on the list of qualified HuBZone small business concerns found on the SBA’s website.

HUB is an acronym for Historically Underutilized Business, which is a unique chance for small businesses to compete in a large-scale market.

“Matric, already employing over 300 professionals in technical electronics, can now seek government contracts on a level playing field with national and international companies. This could mean more jobs for our local market,” state Rep. R. Lee James, R-64th District, said.

To be considered, the electronics manufacturer in Seneca had to meet the following qualifications:

– The “principal office” must be within a Historically Underutilized Business Zone.

– The company must be at least 51 percent owned and operated by a U.S. citizen, a Community Development Corp., an agricultural cooperative or an American Indian tribe

– At least 35 percent of its employees must reside within the HuBZone region.

“The Matric Group is a leader in the electronics manufacturing sector, and it’s wonderful to see them receive this recognition and certification by the Small Business Administration,” state Sen. Scott Hutchinson, R-21st District, said.