January 17, 2013
Sebec co. takes $25K in FedEx award
The Sebec-based Darn Good Yarn will receive a $25,000 grant in the first round of a FedEx award competition.
The FedEx Small Business Grant Competition launched in September 2012 and was open to companies with fewer than 100 employees from across the country, according to a company press release.
Darn Good Yarn, founded in 2008 to make yarn from recycled materials, joins winners from Ohio, California, Mississippi, Pennsylvania and Oregon in the inaugural contest.
Nicole Snow, founder of the Maine company, says the grant will allow her to hire more women in Nepal and India, where some of the yarn is sourced and dyed.
The grants were awarded by votes of Facebook users reviewing profiles the companies created for the contest.
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