News Roundup | Expansions, awards, and openings
By Shannon Smith, Teknovation Assistant Editor, PYA
Here’s your weekly roundup of business news from throughout the Knoxville region.
If you have any business news or updates you’d like to feature in Teknovation Weekend, please send us an email at firstname.lastname@example.org.
UT establishes endowment fund for families of fallen or disabled veterans, first responders
The University of Tennessee, Knoxville (UTK) has partnered with the Folds of Honor Foundation, a nonprofit organization that provides academic scholarships to the spouses and children of America’s fallen or disabled service members and first responders, including police, fire, EMTs, and paramedics.
Through the vision of UTK alumna Jennifer Armstrong (’72), the new Vols of Honor scholarship endowment was established to provide additional financial assistance to UT students already receiving a Folds of Honor scholarship.
Since its founding in 2007, Folds of Honor has awarded nearly 44,000 scholarships across the country, including 44 this fall at UT.
Zoo Knoxville leader named top influencer in her field
Tremont Institute receives $250,000 for second campus
Great Smoky Mountains Institute at Tremont has been awarded $250,000 from Tennessee Valley Authority (TVA)’s Connected Communities Pilot Program to support the development of Tremont’s second campus.
With the funds, Tremont will complete a detailed engineering design to retrofit an existing house into a regenerative education center, the first phase of their ambitious second campus project.
To build a campus that reflects Tremont’s values, the second campus will meet the International Living Future Institute’s Living Building Challenge, a framework of rigorous regenerative building standards that incorporate clean energy goals, sustainable building practices, and a positive impact on the surrounding community.
Peak IV Hydration opens in South Knoxville
Peak IV Hydration, the first South Knoxville hydration station, is now open on Sevier Avenue.
They offer in-house IV treatments of vitamins, electrolytes, and minerals to help alleviate and treat several conditions, including hangovers, migraines, dehydration, workout recovery, fatigue, nausea, food poisoning, and cold and flu.
Peak IV Hydration is open Thursdays through Mondays from 10 a.m. to 6 p.m.
PetWellClinic to open 10 new locations in Michigan
Knoxville-headquartered PetWellClinic, one of America’s fastest-growing pet-wellness franchise brands, is expanding into the Midwest with 10 new clinics in the greater Detroit area.
The clinics will provide convenient preventative care for pets including general check-ups, vaccinations, and treatment of minor ailments and chronic conditions in a walk-in environment. PetWellClinic said it offers an affordable, easily accessible healthcare experience for pets and pet owners versus traditional veterinary clinics or pet hospitals.
PetWellClinic recently began franchising after the success of its company-owned operations in East Tennessee, and currently has over 100 units in development.
Corvus Janitorial Systems expands into Knoxville
Corvus Janitorial Systems (“Corvus”), a national franchisor of office cleaning and janitorial services, is pleased to announce expansion into the Knoxville, Tennessee market by an existing, multi-territory Master Franchisee, Chad Weaver and his team.
Corvus of Knoxville will support local Franchise Owners in delivering high-quality office cleaning services to businesses and facilities in the Knoxville territory, leveraging Corvus’ nationally recognized and time-tested brand and systems.