FedEx Announces Winners of Small Business Grant Competition

  FedEx Announces Winners of Small Business Grant Competition

      Darn Good Yarn Wins $25,000 Prize, Five Businesses Awarded $5,000

Business Wire

MEMPHIS, Tenn. -- January 16, 2013

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.”

FedEx also awarded grants of $5,000 each to the following small businesses:

  *Catullo Prime Meats – Youngstown, Ohio - Catullo Prime Meats is a
    family-owned, third-generation, old-fashioned style butcher shop located
    in Youngstown, Ohio. The company supports local farms, reinvests in the
    community and prides itself on customer service.
  *Project Night Night – San Francisco, California - Project Night Night
    donates over 25,000 Night Night Packages each year, free of charge, to
    homeless children in the San Francisco area. Each Night Night Package
    contains a new security blanket, an age-appropriate children's book, a
    stuffed animal and a tote bag.
  *Built of Barnwood – Bay St. Louis, Mississippi – The founders of Built of
    Barnwood was inspired to reuse materials from debilitated barns after the
    destruction of Hurricane Katrina. This family business that creates usable
    artwork, home furnishing and design accent pieces from reclaimed vintage
    wood and building materials.
  *Live Breathe Futbol – Philadelphia, Pennsylvania – Live Breathe Futbol
    (LBF) is a fast-growing soccer apparel company that was founded by a
    Nigerian immigrant with a passion for soccer. The design of LBF garments
    are inspired by the moments of the game.
  *Humdinger Foods LLC – Hillsboro, Oregon – Founded by the daughter of
    farmers, Humdinger Foods began selling kettle korn in 1998 at farmer’s
    markets and has grown to serving movies sets, large corporate events,
    school bazaars and more.

Small businesses, those with fewer than 100 employees, competed for the grants
by completing a profile that was voted on by Facebook users. FedEx reviewed
the entries and selected the finalists based on their contest profile and the
number of votes they received from Facebook users.

FedEx . . . Serving Small Businesses

Small businesses are key customers for FedEx and key players in the global
economy. According to the U.S. Small Business Administration, small businesses
represent 99.7 percent of all employer firms. They also create more than half
of U.S. jobs, employ almost half of all private sector employees and account
for 98 percent of firms that export goods.

The FedEx portfolio of services allows small business to gain access to the
global marketplace and to shipping, logistics and printing solutions.

For more information on how FedEx helps small businesses, please visit the
FedEx Small Business Center at fedex.com/us/small-business.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a
broad portfolio of transportation, e-commerce and business services. With
annual revenues of $43 billion, the company offers integrated business
applications through operating companies competing collectively and managed
collaboratively, under the respected FedEx brand. Consistently ranked among
the world's most admired and trusted employers, FedEx inspires its more than
300,000 team members to remain "absolutely, positively" focused on safety, the
highest ethical and professional standards and the needs of their customers
and communities. For more information, visit news.fedex.com.

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Contact:

FedExMedia Relations
Carla Boyd, 616-608-6784
carla.boyd@fedex.com
 
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