Brooklyn Brewery Gets $800,000 Helping Hand to Grow in Williamsburg
The Real Estate Desk Aug. 16, 2010, 4:32 p.m.
The Brooklyn Brewery has gotten the seal of approval from the state for a grant to expand its factory/beer hall in Williamsburg. The $800,000 subsidy is about one-sixth of the cost of the total $4.6 million expansion, which is expected to retain 27 jobs and add a grand total of nine permanent jobs, according to the state. (That’s $88,889 per new job.)
Approval of the grant, approved today by the Empire State Development Corp., comes after Brooklyn Brewery had a hell of a time looking for new manufacturing space, given that their lease was set to expire (founder Steve Hindy wrote an essay about that search here). Then, the real estate market went sour, and Mr. Hindy was able to renew and expand, hence the grant.
Here’s the full info from ESDC, sent out today:
The Brooklyn Brewery has been awarded a grant of up to $800,000 to be used toward the cost of the purchase and installation of new machinery. The Brewery, limited in its operations due to the size of its facility, leased a building adjacent to its current building in early 2010. This 10,500 square foot former distribution center requires extensive renovations to become a functional brewery. Architecture and engineering improvements, a new concrete slab, new electrical, plumbing and solar panels, and the installation of tanks, silos and other equipment will increase the company’s production from 8,000 barrels to 20,000 barrels a year. The Brooklyn Brewery will retain 27 existing jobs and create nine new jobs. Total project cost is $4,660,000.