This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Darn Good Yarn, A Small Business Based In Sebec, Maine, Has Been Named The Grand Prize Winner Of The First-ever, Nationwide FedEx Small Business Grant Competition And Will Receive A $25,000 Grant To Invest In And Further Grow Its Business. (Photo: Business Wire)

Darn Good Yarn, a small business based in Sebec, Maine, has been named the grand prize winner of the first-ever, nationwide FedEx Small Business Grant Competition and will receive a $25,000 grant to invest in and further grow its business.

Darn Good Yarn, a small business based in Sebec, Maine, has been named the grand prize winner of the ...

Darn Good Yarn, a small business based in Sebec, Maine, has been named the grand prize winner of the first-ever, nationwide FedEx Small Business Grant Competition and will receive a $25,000 grant to invest in and further grow its business. (Photo: Business Wire)

FedEx launched the small business grant competition in September 2012 to award a total of $50,000 to six deserving U.S. small businesses. In addition to the $25,000 grant being awarded to Darn Good Yarn, five runner-up prize winners will receive grants of $5,000 each.

Darn Good Yarn was founded by Nicole Snow in 2008. All yarn sold by Darn Good Yarn is made from recycled, Earth-friendly materials and much of it is created from remnants of the production of silk saris. These materials are handspun and dyed by women’s groups in Northern India and Nepal, who are provided with a marketplace for their products, as well as much needed wages for their families. All yarns are fairly traded and produced with child-free labor.

“This grant from FedEx will allow me to hire more women in Nepal and India, giving them independence and a means to support their families while also providing Darn Good Yarn with more product to sell,” said Nicole Snow, owner and founder of Darn Good Yarn. “FedEx has provided a way for me to further follow my dream of running a successful small business while doing good in the global community.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs