TS Designs announces financing from Slow Money NC to purchase the first certified organic cotton grown in North Carolina.
Burlington, N.C. — January 30, 2012 — Last month the first certified organic cotton ever grown in North Carolina was harvested and ginned. With the support of $30,000 from Slow Money NC lenders, TS Designs will be able purchase and convert this organic fiber into yarn and apparel products in North Carolina.
“This financing was critical to move this project ahead and keep the organic cotton fiber in North Carolina which it can best impact NC jobs,” said Henry. “Working with Slow Money NC was the logical financing source: local people loaning for local needs.”
Now that the financing is secure, the fiber will move to spinning with t-shirts and polo golf shirts coming out this summer. “By utilizing local organic cotton, manufactured in a local, transparent supply chain We can make the most sustainable apparel in the world,” said Henry.
The public is welcome to join TS Designs and Slow Money NC at a celebration on Monday evening at 5:30pm at Company Shops Marketplace Coop, 268 East Front Street Burlington, NC.
Slow Money NC matches people who care about local, sustainably grown food and farming enterprises with businesses in their communities that have a need for capital to start or expand their operations. To date thirty individuals have made a total of over $475,000 in loans in NC, ranging from $500 to $25,000.
You can read about these projects, become a member of Slow Money NC, and sign up to become a Slow Money lender or borrower at the Slow Money NC website, www.slowmoneync.org, or by contacting Carol Hewitt at 919-656-8889 or firstname.lastname@example.org.