Seattle Instrumentation Firm Named 2014 SBA Washington Small Business Exporter of Year
Measurement Technology Northwest in Magnolia Takes Top Honors,
Celebration Recognizing Winners May 8 at Museum of Flight, Boeing Field
SEATTLE – The U.S. Small Business Administration (SBA) 2014 Washington Small Business Exporter of the Year is Measurement Technology Northwest (MTNW). Founded in 1990, MTNW develops innovative measurement systems to clients in more than 20 countries around the globe accounting for approximately half of its overall sales.
“With 95 percent of the world’s potential customers residing outside of the U.S., incorporating an export strategy is becoming increasingly vital for small businesses,” said Nancy Porzio, SBA Seattle district director. “To be a recognized exporter in Washington – which is one of the top five states for exporting – demonstrates Measurement Technology Northwest is a leader both for the state and the country.”
MTNW scored high in the six judging criteria areas including (1) increased sales, profit and growth of employment; (2) employed creative overseas marketing strategies; (3) utilized effective solutions to export-related problems; (4) demonstrated encouragement of other small businesses to export; (5) assisted other small businesses entering the export market; and (6) cooperated with other businesses in the creation of export trading companies and introduction of unique trading relationships, products or services.
Currently, MTNW has 39 employees working in 20,000 square feet of both new and renovated space at its Magnolia location. This space includes a laboratory and specialized manufacturing and service areas.
MTNW Founder and President Tim O’Neill started the company in his late 20s with one employee. Utilizing SBA Small Business Innovation Research (SBIR) grants and a breakthrough contract from Boeing to design, manufacture and install a new control system for the 767 wing-spar assemble tool, MTNW began to grow.
“Our mission is to build a brand that is known around the world for its value and high quality,” O’Neill said. “Technical innovation is our life blood; we are continuously involved in R&D, both internally and externally funded, in an effort to raise the technical bar and re-define the standards of the industries we serve.”
The SBA 2014 Washington Small Business Exporter of the Year will be recognized at a local awards ceremony event May 8 in conjunction with National Small Business Week May 12-16.
“For more than 30 years, the SBA SBIR program has enabled small businesses like MTNW the freedom to innovate through research and development so they can compete on the same level as larger businesses,” said SBA Regional Administrator Calvin Goings. “I’m proud to see another innovative Washington business recognized for their ingenuity and exporting efforts.”
Each year since 1963, the President has issued a proclamation calling for the celebration of National Small Business Week. SBA recognizes outstanding small business owners for their personal successes and contributions to our nation.
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