Haiti one year later: Got trash? Make thread.
One year after Haiti's devastating earthquake, Pittsburgh entrepreneurs aim to help Haitians turn garbage into high-performance fabric.
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The company anticipates it will need $250,000 for the first six months of operation and another $500,000 after that. It is actively seeking venture capitalists, angel investors and foundations interested in investing in its project.Skip to next paragraph
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Rosenberger believes Haiti is particularly well-suited for this kind of export because the country already has a foundation in the textile industry.
“The environment is favorable for textile exports to the States,” Rosenberger said. “And, the U.S. government is taking down some of the roadblocks necessary to help jump start business.”
THREAD is partnering with an organization called Haitian Partners for Christian Development as well as with students from the engineering departments Penn State University and at Hungary’s Corvinus University of Budapest.
Rosenberger believes THREAD’s "social-preneurial" efforts are the way of the future for countries trying to pull themselves out of poverty.
“In developing world, you don’t hear words like ‘economic stimulus’ and ‘job recovery,'” Rosenberger told BusinessNewsDaily. “You hear about aid and donations. Those words need to come into conversation."
"Creating jobs is a ladder to climb out of poverty,” Rosenberger said.
At least one U.S. manufacturer of high-performance apparel, such as running shirts, thinks there is a healthy U.S. market for importing the fabric THREAD plans to produce.
"People are starting to pay more attention to where things are coming from and want to buy from factories that are paying a fair wage and not exploiting the environment,” said Jeremy Litchfield, owner of Atayne, a Brunswick, Maine-based manufacturer of apparel that uses fabric similar to what THREAD hopes to produce. “There could be many companies interested in buying from them. There’s a tremendous potential market out there.”
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