Self-Help to hold annual meeting at Maureen Joy
DURHAM -- Durham-based Self-Help Credit Union will hold its annual meeting Nov. 13 at Maureen Joy Charter School, which opened recently in a historic building renovated with funds provided by a credit union affiliate.
The credit union is part of the Durham-based Center for Community Self-Help. The lender’s redevelopment arm helped raise money for the renovation of the school building. Opened first in 1910 as the East Durham Graded School, the building functioned as a school until the 1970s.
Frank Stasio, host of WUNC radio’s The State of Things, will emcee the credit union’s annual meeting. The school’s principal will give opening remarks and Martin Eakes, Self-Help’s founder and CEO, also will speak.
The school’s choir will perform, and Self-Help will also have a “mini marketplace” set up to showcase products and services.
A tour of the building will start at 5:30 p.m. The meeting runs from 6 to 8 p.m. at the school at 107 S. Driver St. It’s open to the public.
Parking is available at the school and in the Shepherd’s House United Methodist Church lot.
RSVP to Kristen Cox at email@example.com or at 919-956-4630.
Durham’s PurThread raises $7 million
DURHAM – Durham-based PurThread Technologies, a company that makes antimicrobial fabrics for hospitals, has raised $7 million to support the company’s growth and product research and development.
The fundraising round was led by the company’s board chairman Richard S. Bodman, who was joined by angel investors, according to a news release distributed Monday.
“We’re excited about the expansion of PurThread’s current product offerings and the promise of PurThread’s research into future applications,” Bodman said in a statement.
Company CEO Lisa Grimes said the company is looking to continue to expand to cover “all services in the broader health care arena.”
She said the company also wants to develop products in sportswear and possibly in military or home applications.
“There are a lot of companies out there that dip fabrics, or paint or spray on, or try to impart some sort of characteristics if you will to the textiles,” Grimes said. “Our process really embeds the antimicrobial agent that we use into the heart of every fiber.”
Founded in 2009, PurThread now has five full-time employees in the Durham area. The founder of the technology was a graduate with a bachelor’s and master’s degree in textile technology from N.C. State University.