Austin-based Matr Boomie was founded in 2006 with the mission of creating opportunities for women and minorities to realize their creative, economic, and leadership potential. Since then it has grown to empower 20,000 artisans in 40 partner communities throughout India and its products are sold at more than 1,500 retailers in North America, Europe, Australia, and Asia.
Matr Boomie relies on GSP savings to keep its imports of handcrafted gifts and accessories profitable. When GSP expired in 2013, Matr Boomie’s margin shrank substantially.
GSP renewal led to increased sales, profitability, and U.S. jobs for Matr Boomie. A big increase in sales resulted in GSP savings in the first year of renewal that exceeded the total tariffs paid over the 2-year expiration. Matr Boomie used GSP refunds and savings to hire 2 new workers in 2015 and 4 more in 2016 – nearly doubling its U.S. employment. It also increased salaries significantly.
Our Matr Boomie profile page has more details about the importance of continued GSP benefits to the company (also available as a one-page PDF here or below).
See how GSP allows other businesses and workers to thrive on our Company Profiles page.
