News from Fedcap

Fedcap Rings NASDAQ Closing Bell

Fedcap, the 75-year-old nonprofit that helps people overcome barriers and achieve economic independence through employment, was honored to ring yesterday’s NASDAQ Closing Bell.

Founded by three veterans with physical disabilities who struggled to make ends meet, Fedcap annually helps thousands of people – including returning veterans; people who are blind, deaf or have other longstanding mental or physical disabilities; adults who’ve been in prison; youths aging out of foster care – overcome obstacles, rebuild their lives, and find and keep meaningful employment.

“When the new job numbers come in on Friday, please think about this: As tough as the job market gets, it’s ALWAYS tougher for people with barriers – like the more than 200,000 veterans who are currently unemployed,” Christine McMahon, president and CEO, told the crowd. “Hiring Fedcap workers is good. It’s good business and it’s good for society.”

Helping Ms. McMahon ring the Closing Bell were two veterans who spent many months looking for jobs before they were hired at Fedcap’s new outsourcing facility in the South Bronx: U.S. Army Staff Sergeant Donavan Edmond, who did one tour in Afghanistan and two in Iraq, and U.S. Army Supply Sergeant Newman Fortunato, who served in Afghanistan during five years in the Army and Reserves.

“We are so proud to help these veterans and many others who gave so much to America,” Ms. McMahon said.