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08/25/2017

Another Big VA Buildout Gets Gov’s Green Light (and Green); Fast-Growing Buoy Buoyed By OR Funds

Pair of brewery expansions, one on each coast, will benefit from various forms of public funds. Virginia continues to tout its support of growing in-state breweries. After opening in 2013, Manassas-based Heritage Brewing plans to invest $6.9 mil to build out and relocate to a 35K sq-ft building, according to release issued by Gov Terry McAuliffe. New plant will allow co to “triple production,” according to release. It sold about 5000 bbls last yr, Brewers Assn estimated. Heritage already opened a brewpub/coffee roastery in Arlington this past April. “Plans are in the works to open several more brewpubs, including one in the new production facility,” state news service wrote. The veteran-owned co relies heavily on Americana and revolutionary themes in its spaces and branding. So with state kicking in $250K in form of agriculture development grant, which city of Manassas will match, state secretary of veterans and defense affairs is “grateful to Heritage Brewing Company for paving the way for future veteran entrepreneurs and for recognizing that investing in Virginia’s veterans is investing in the Virginia economy as a whole,” he said in release.

Out in Oregon, Astoria’s young and fast-growing Buoy Beer Co will get $150K from Business Oregon to help it “ramp up capacity” with new tanks, the Daily Astorian wrote this week. Buoy opened in just 2014, shipped about 5700 bbls last yr, according to BA stats, most of which was sold in OR, the paper wrote. It already sold 3500 bbls in the state thru June of this yr, expecting to speed up its pace to 10K bbls by yr-end. Buoy can brew twice that much with more tank additions at its current facility, which it expects to do by 2020. Loan issued by state agency depends on Buoy hitting that mark and hiring 5 more full-time employees.

Publishing Info

  • Year: 2017
  • Volume: 8
  • Issue #: 75
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