APZ-1 Grants awarded to two expanding companies.
Matbock Origins LLC and Stock Design and Machine Inc. double in size.
MATBOCK Origins, LLC, founded in Virginia Beach in 2010, is more than doubling its size to accommodate growth and innovations in product lines. 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.
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. 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 Virginia Beach Development Authority awarded MATBOCK a $30,000 APZ-1 Economic Development Investment Program grant based on the company’s capital investment since the location is within the YesOceana footprint.
Stock Design and Machine Inc., founded in Virginia Beach in 2015 by Robert J. Stock, a former Navy SEAL and mechanical engineer, will expand operations for the second time. The company is certified as a service-disabled, veteran-owned small business and possesses the API Spec Q1 Quality Control Specification. Stock Design and Machine Inc. is a full-service computer numerical control (CNC) machine shop with some of the most accurate and fastest CNC tools available.
Located in the YesOceana corridor at 2500 Squadron Ct., units 106 and 10, the company will make a $970,000 capital investment to expand another 3,600 square feet to a total of 7,200 square feet. The Virginia Beach Development Authority has awarded Stock Design and Machine Inc. a $50,000 APZ-1 Economic Development Investment Program grant based on its investment.
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