SOUTH CHARLESTON --  The MATRIC Company has gotten a financial boost.

The city of South Charleston has presented the company with a check for $100 thousand. Last year, the company created more than a hundred new engineering jobs, but in an effort to provide some financial assistance, the city promised a loan of half a million dollars over the next five years.

Keith Pauley, MATRIC's President, says the company was created five years ago to develop high wage jobs to Dow Technology Park, using the scientists and engineers that have been let go from Dow and Union Carbide over the last half dozen years.

The check represents the first of five payments to be made to the company.