Allentown Design and Engineering Firm Marks Milestone Achievements

Allentown, Pennsylvania — On Thursday, October 1st, the founders of MTS Ventures marked two major milestones in their entrepreneurial journey. The first milestone is celebrating their 10-year anniversary in business, an achievement that only about one-third of all startup companies accomplish. Secondly, MTS Ventures has graduated from the business incubation program managed by the Allentown Economic Development Corporation (AEDC).

Founded in 2005, MTS Ventures was accepted into the business incubation program in 2008. Once accepted, the husband and wife team of Matt and Tara Sommerfield moved the company from their home into the Bridgeworks Enterprise Center. Since joining the program, MTS Ventures has grown to employ two additional part-time technicians and a full-time engineer.

“We have been very fortunate to have the right mix of clients, partners, employees and mentors who believe in us and enabled our company to learn, adapt and grow,” said Matt Sommerfield, President of MTS Ventures, reflecting upon his experience of starting the company. “It feels like the first 10 years have been foundation building and we are now poised for a trajectory of long terms success and we very much look forward to an exciting future.”

Today MTS Ventures provides a full range of services and has the capability to assist their clients from taking their product idea from the sketchbook, through developing a working prototype, and even onto manufacturing and packaging a final product ready for sale. They have worked on products in nearly every industry, from medical devices, to commercial bar equipment, electronics, furniture and consumer products.

Matt and Tara credit part of their success to their time spent in the business incubation program.

“One of the most valuable parts of the incubator program was the variety of seminars offered, covering all walks of the business environment,” said Tara Sommerfield, Managing Partner. “Everything from accounting and finance, to branding your business, patent law, finding new talent, and more. It really helps to uncover aspects of your business you might not have thought of yet.”

“The willingness of the other businesses in the building to help each other out made growing our company in the Bridgeworks Enterprise Center a fantastic experience,” added Matt Sommerfield. “We would not be where we are today without that network of support.”

Even though the company is graduating from the business incubation program, they won’t be going far. AEDC has chosen to keep MTS Ventures on as an “anchor tenant” in their program.

“MTS Ventures is one of those companies that a business incubator looks to retain beyond the scope of its program,” explains Anthony Durante, Program Manager for AEDC. “They consistently engage in all of the program activities, they do business with nearly every other company in the building, and they are successful as a business which makes them reliable to work with.”

Business incubators will identify and retain anchor tenants for several reasons. First, the anchor tenant is generally a good example to the other companies in the program. They actively participate in things like education sessions and social events. Secondly, the anchor tenant typically provides a service that other companies can benefit from. In the case of MTS Ventures, it’s engineering services. Lastly, the anchor tenant has met with a certain amount of success and provides a stream of revenue that is less at risk than that of younger startups in the program.

“We are excited to have MTS Ventures remain a client at Bridgeworks and we look forward to their continued success,” concluded Durante. “We know that Matt and Tara will continue to be a great example to other entrepreneurs in our program.”

About MTS Ventures

MTS Ventures operates a full service product design and development studio in Allentown, PA working with a diverse set of clients and partners on a global scale. Guided by knowledge and capabilities of great depth and diversity, MTS employs an intense, customer-driven method to produce success on every project utilizing diverse manufacturing techniques of great sophistication and strength. MTS can start with a napkin sketch and deliver a product, in a box, ready for market with focus on value, performance, quality, and design at every step of the process.

Services offered by MTS include product conceptualization and market strategy, industrial design, CAD modeling, photorealistic rendering, mechanical engineering, electrical engineering, prototyping, testing, and manufacturing management. MTS can manage an entire program or be the creative force needed to conceive, develop, or improve its client’s products at any step along the way.

For more information, please visit: http://www.mtsventures.com/

About the Allentown Economic Development Corporation

AEDC is an independent nonprofit organization dedicated to a mission of identifying, encouraging, developing and managing strategic business opportunities for the benefit of Allentown, its citizens, and the Lehigh Valley. Its goal is to improve vacant and underutilized properties by assisting manufacturers, business owners and entrepreneurs in obtaining the resources and opportunities they require for success in the City of Allentown. AEDC offers access to financing and incentives, assistance with brownfield remediation, and support for growing businesses within the City.

Over the course of its 26-year existence, the Bridgeworks Enterprise Center, founded in the refurbished Mack Trucks Plant 4A in 1989, has helped launch more than 50 companies in Allentown that have created more than 300 jobs. It is a member of the Ben Franklin Business Incubator Network. Today, the Center is home to Architrep, ColdEdge Technologies, The Colony Meadery, County Seat Spirits, HiJinx Brewing Company, JH Plastics, LightLab International Allentown, MTS Ventures, Netizen Corporation, Polymer Contours and Zzyzx Polymers.

For more information, please visit our website: http://allentownedc.com