MATBOCK Origins, LLC, founded in Virginia Beach in 2010, is more than doubling its size to accommodate growth and innovations in product lines. MATBOCK currently occupies 4,000 square feet at 1164 Millers Lane in Virginia Beach. The company will expand to 10,000 square feet by February 2017.
MATBOCK is a development firm that brings new technologies to production. It specializes in unique military gear that increases effectiveness and decreases each warrior’s load out. In the last five years, it has brought more than 20 products to the market from night vision auto-focus goggles to the lightest and most effective medical evacuation and assault system on the market. Clients include the most professional and well-trained assault teams across the world.
The company makes products for both law enforcement and military personnel. Additionally, MATBOCK has an ownership interest in Strike Force Beverage, LLC that manufactures a liquid energy drink, and AcesoPlasma, LLC that manufactures an oxygen plasma generator, which could become a revolutionary medical device with multiple uses in the front line and beyond.
The expansion will create $655,000 of capital investment in the City of Virginia Beach in addition to five new jobs with average salaries of $100,000. The company will retain two existing full-time positions.
The Virginia Beach Development Authority has awarded an APZ-1 Economic Development Investment Program grant in the amount of $30,000 based on the company’s capital investment since the location is within the YesOceana footprint.
“MATBOCK is an example of the new kind of advanced manufacturing,” said Virginia Beach Economic Development Director Warren D. Harris. “The company is making innovative products that improve our warriors’ and law enforcement personnel’s ability to do their jobs and to remain as safe as possible.”
“We are truly honored to be working with the City of Virginia Beach Development Authority to bring more innovation and jobs to the Virginia Beach area,” said Sean Matson, co-founder and CEO of MATBOCK. “With this grant money we will be able to accelerate the development of a revolutionary medical device that will save lives.”
The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2016 and is one of only 50 economic development organizations in the world to have this recognition. Virginia Beach is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.