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Alchemy Spice Co. Grows Into Restaurants Nationwide And More Business News


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Alchemy Spice Co. Grows Nationwide

After an extensive brand refresh earlier this year, Alchemy Spice Company is preparing to sell its artisan spice blends to restaurants across the country through the US Foods Direct program and to consumers in Tennessee through Publix grocery stores.

US Foods, a leading national foodservice distributor serving more than 10,000 restaurants across the country, will distribute Alchemy’s 25 all-natural, freshly ground spice blends as part of its direct product-focused program specialty foods. Alchemy products will be available for purchase to professional chefs through the US Foods portal in October or November.

Two of Alchemy’s Tennessee-themed seasonings, Scenic City Grilling Pepper and Memphis Dry Rub, will also be sold at 51 Publix stores across the state, starting in October, as part of Tennessee Local’s product program. the grocery chain.

Alchemy has quadrupled its foodservice sales over the past two years and has added a line of business providing base spices and exclusive custom blends to leading restaurants and food businesses in Chattanooga and the Southeast, as well as to an international customer in South Korea.

As part of its expansion, Alchemy Spice also announced the hiring of Amanda Nelson Varnell as the new Marketing and Culinary Director. Varnell joins Alchemy after nine years running a local restaurant business, Dish T’Pass, which she founded and led as CEO.

“Amanda brings a wealth of experience teaching cooking, recipe development and growing a small business, so we are delighted to welcome her to our team,” said Henry Oehmig, CEO of Alchemy who purchased the company in 2019. “When we rolled out brand update earlier this year, we did so with the goal of establishing Alchemy Spice Co. as a national brand of freshly ground spice blends. and artisanal. “

Founded in 2003 by Christian and Jessica Chevalier, Alchemy Spice was sold in 2007 to Warren Stanko, a former employee, and then to Ben Gordon in 2013, before Oehmig acquired the company in June 2019. Alchemy Spice Company uses hundreds of all-natural products. herbs and spices to create its special seasoning blends.

Accelerator extends statewide for minority entrepreneurs

The Nashville Entrepreneur Center (EC), a non-profit organization dedicated to supporting entrepreneurs and local businesses throughout Middle Tennessee, is expanding its Twende program for entrepreneurs of color statewide.

Twende, which means ‘let’s go’ in Kiswahili, is a one-year acceleration program for black and brown business owners and tech business owners in Tennessee and supports their efforts to grow their business through mentorship. , networking and education.

“We are on a mission to make Tennessee the most entrepreneurial state of color, and we are honored to be working for a stronger and more inclusive business community across the state,” said Jane Allen, CEO of the Entrepreneur Center. “We know that entrepreneurship is the engine of economic success for minority communities, and by developing entrepreneurship like we are doing with Twende, we can help reduce the racial wealth gap by up to 80%.”

Twende has a virtual network that provides entrepreneurs of color access to a world-class program, a supportive community, and one-on-one mentorship.

The median net worth of black business owners is 12 times that of black non-business owners in Tennessee. Additionally, the entrepreneurship rate is 6.75% for Blacks and Hispanics in Tennessee and 11% for non-minority Tennessees, “so closing that gap would lead to further job growth, reduce unemployment and would add millions to our economy, ”Allen said.

Since its inception in 2019, Twende has served 32 entrepreneurs and seeks to serve at least 200 more across Tennessee over the next year. Twende is open to entrepreneurs who identify as a racial or ethnic minority in an American context, are CEO or co-founder of an existing business that is expanding its operations, have up to $ 75,000 in annual revenue, and are looking to join. a support group, collaborative community committed to transforming the landscape of minority-owned businesses in Tennessee.

JumpFund investment sells to PrestoSports

SuperFan Inc, a woman-run company that was JumpFund’s very first investment, was acquired by PrestoSports, a leading provider of streaming technology, websites, social graphics and statistics for middle and high schools.

SuperFan, headquartered in Louisville, Ky., Is a mobile fan engagement platform that offers rewards and encourages fan participation in high school and college track and field. Terms of the purchase were not disclosed, but officials at PrestoSports said the purchase was an extension of its suite of technology solutions.

“By joining PrestoSports, we can improve the solutions and services provided to our customers,” said Kayla Mount, who co-founded SuperFan, Inc. with fellow sports fan, Chris Nowak. “We can also accelerate the availability of a fully integrated platform for sports programs anywhere in the world, enabling them to run impactful fundraisers and digital fan engagement. “

The JumpFund, a Chattanooga-based startup angel investment fund targeting women-led businesses in the Southeastern United States, saw Superfan’s initial potential as a “powerful female-led team revolutionizing the world. sports marketing ”, Kristina, CEO of JumpFund. said Montgue.

The sale of the company represents a positive exit for the fund, Montague said.

The JumpFund has invested in more than 30 women-led companies, from clean energy technology to cybersecurity, in the Southeastern United States since its inception in 2014.

TVA supplies Sequoyah unit after 513 days of racing

The Tennessee Valley Authority began refueling its new reactor at the Sequoyah Nuclear Power Plant this weekend after the Soddy-Daisy Power Plant Unit 2 reactor operated for 513 days and generated $ 14.7 billion. kilowatt-hours of electricity during its previous fuel cycle.

Sequoyah site manager Tom Marshall said more than 12,000 work activities are planned during the current shutdown, including the loading of 81 new fuel assemblies, inspection of reactor components, maintenance of reactor equipment. the power plant and the installation of unit upgrades.

“We know reliability is important, and Sequoyah’s highly skilled workforce is taking this opportunity to ensure Unit 2 continues to operate safely until it runs out of fuel in approximately 18 months.” , did he declare.

To implement safe work practices and COVID-19 precautions, Sequoyah continues to perform health examinations, enforce face coverings, and practice social distancing to help protect health and the good. -be VAT employees and additional contractors who will work temporarily at the plant during the supply failure.

Sequoyah Unit 2 is one of seven operational TVA nuclear reactors that collectively supply more than 40% of TVA’s electricity.

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