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 stands for Historically Underutilized Business and is an opportunity for small businesses to compete in a large-scale market. The government limits competition for certain contracts to businesses in historically underutilized business zones and also gives preferential consideration to those businesses in full and open competition. Matric can now seek government contracts on a level playing field with national and international companies.

To be considered, the company had to meet the following qualifications:

1.) The “principal office” must be within a Historically Underutilized Business Zone.
2.) The business must be at least 51% owned and operated by a U.S. citizen, Community Development Corporation, agricultural cooperative, or Indian tribe
3.) 35% of its employees must reside within the HuBZone region.

Established in Western PA in 1971, the Matric Group now employees over 300 people and is a quality-focused electronics manufacturer. For more information about The Matric Group and its services go to www.matric.com.

This article was published in the Venango Area Chamber of Commerce’s September 2019 VenangoWorks! Newsletter.