The founders of Access America Transport announced March 28 the formation of both an accelerator program to find and grow young, innovative logistics companies and a $12 million fund to invest in the most successful of those new ventures.
The accelerator will be housed at a 6,000-square-foot space in downtown Chattanooga, Tennessee, and the program is currently on the hunt for 10 teams to participate in the three-month program, which will run from July 6 to October 4.
Barry Large, who along with Ted Alling and Allan Davis built Access America Transport into one of the nation's top logistics management firms, said the trio is creating the accelerator program and the sister early stage fund as part of a larger effort to firmly establish Chattanooga's place as one of — if not the stand-alone — premiere logistic towns in America.
"We've planted the flag, I think, in Chattanooga," said Large.
Large, Alling and Davis founded Access America in 2002 and turned it over the course of a decade into a $500 million-a-year company before selling it to Chicago-based Coyote Logistics, which in turn was bought by UPS last year.