Tennessee Sustainable Materials Company, Carbon Rivers, Named Small Business of the Year

By Grit Daily Staff Grit Daily Staff has been verified by Muck Rack's editorial team
Published on October 20, 2022

WASHINGTON, D.C. — The U.S. Chamber of Commerce awarded Carbon Rivers in Knoxville, Tennessee, a $25,000 cash prize for being selected as the 2022 Dream Big Small Business of the Year, presented by Spectrum Reach, with support from MetLife and Dell.

The Dream Big Small Business of the Year Award recognizes a small business that is making a meaningful contribution to the economy and job creation, and embodies the spirit of innovation, entrepreneurship, and individual initiative. Carbon Rivers was named the winner out of nearly 3,000 applications for receiving the top score after several rounds of judging.

“Our nation’s entrepreneurs continue to demonstrate resiliency, ingenuity, and creativity against all odds. Now, more than ever, it is important to recognize them for their inspirational achievements and contributions to their communities and our nation’s economy,” said Tom Sullivan, U.S. Chamber of Commerce vice president of small business policy. “This year’s Dream Big Award winners represent the best of American small business. Congratulations to Carbon Rivers and all of this year’s winners and finalists.”

Carbon Rivers earned recognition for the company’s business growth and innovative materials solutions for the automotive, energy, safety, and security industries. In 2017, Carbon Rivers’ team of engineers—all University of Tennessee alums—began developing advanced materials technologies in the basement of a house. In the last year, they brought two pioneering initiatives to the commercial market — a material that increases the durability of tires and boat coatings, and an upcycling process that recovers glass to be used in wind turbines.

With an emphasis on community involvement, Carbon Rivers has been sharing their advanced tech solutions with the public and private sectors, local youth, and emerging STEM students—making Knoxville a region of tremendous opportunity in manufacturing and engineering. They attribute their success to being able to think and operate with freedom and imagination for how to solve industry problems.  

“Our country was built on the success of small businesses; they are the backbone of our economy and the heart of our communities,” said Michael Guth, Senior Vice President, Marketing, Spectrum Reach. “We are honored to partner with the U.S. Chamber of Commerce in recognizing Carbon Rivers and all the finalists for their outstanding innovations and achievements, and for sharing in our commitment to invest in the growth and economic success of our communities.” 

Carbon Rivers was one of 27 finalists selected by a panel of judges for eight Dream Big Small Business Achievement Awards. The eight Business Achievement Award winners are:  

  • Minority-Owned Business Achievement Award:​ Cha Community – Waco, TX; Temple, TX 
  • Veteran-Owned Business Achievement Award: Tacoma Trophy – Lakewood, WA 
  • Community Support and Leadership Award: Frank Gourmet Hot Dogs – Buffalo, NY
  • Woman-Owned Business Achievement Award:​ The Pad Climbing – San Luis Obispo, CA; Henderson, NV; Santa Barbara, CA 

MetLife presented the Minority-Owned Business Achievement Award to Cha Community. 

“Over the past few years, small businesses have faced unprecedented challenges, but they have persevered, using their grit and determination,” said Cynthia Smith, senior vice president, Regional Business at MetLife. “Cha Community represents the best of these qualities, and we congratulate them on their Minority-Owned Business Achievement Award.” 

Dell presented the Veteran-Owned Business Achievement Award to Tacoma Trophy. 

“Dell is committed to empowering small business owners and entrepreneurs because we understand their potential to impact the world,” said Megan Wright, Small Business Associations Lead at Dell. “We are thrilled to partner with the U.S. Chamber of Commerce to further fuel the amazing aspirations of small businesses who are vital to their communities and the country’s fiscal growth. We strive to serve as a critical resource to promote progress and innovation amongst businesses.” 

Award winners were announced at the Dream Big Awards Ceremony as part of CO— Start. Run. Grow. Week, which took place October 18-20, 2022.

By Grit Daily Staff Grit Daily Staff has been verified by Muck Rack's editorial team

Journalist verified by Muck Rack verified

Grit Daily News is the premier startup news hub. It is the top news source on Millennial and Gen Z startups — from fashion, tech, influencers, entrepreneurship, and funding. Based in New York, our team is global and brings with it over 400 years of combined reporting experience.

Read more

More GD News