Local cloth diaper service demonstrates growth potential and competitive market advantage.
Rockland, ME - May 24, 2007 - Buzzie Bee Diapers, cloth diaper service and supply company, was recently nominated by Women, Work and Community (WW&C) for the Ms. Foundation’s Fairy Godmother Fund award. This national award is given to a woman owned business which fills a distinct market niche. If selected, Jennifer Moore Temple, business owner, will use funds to generate an educational program to inform consumers of the benefits of reusable diapers. Award recipients will be notified next month.
WW&C Microenterprise Coordinator, Eola Ball, states, “Jennifer has a solid business plan and a green product. Buzzie Bee Diapers offers a valuable service and, given increasing concern for our environment, Buzzie Bee Diapers is well positioned for continued success.” Ball was introduced to Buzzie Bee Diapers in its infancy through Moore Temple's participation in WW&C’s New Ventures Program in 2005. Of services received at Women, Work & Community, Moore Temple says, “I’ve found a place where I can share ideas, give and receive support. This is all done in a way that recognizes I am working mother. I am honored that Eola thought of Buzzie Bee Diapers for this opportunity.”
The Ms. Foundation for Women established the Fairy Godmother Fund in 1997 to support the development of individual microenterprises across the country. Each year, this endowed fund generates micro-equity grants that provide funds to qualified woman-owned businesses. Eligible businesses must be either a start-up business or an existing business. Specifically, the Fund seeks to support businesses based in low-income communities with limited access to capital.
The choice of a business in which to make the equity investment is made through nominations from past and current grantee organizations of the Ms. Foundation’s Collaborative Fund for Women’s Economic Development. These organizations provide financial and technical support to new and/or start-up businesses and make nominations based on documented data on the financial viability of the business.