Ballast Point Brewing and Spirits Creates East Coast Operations Hub In Botetourt County, Virginia
05/25/2016
“In our quest to provide the best quality, freshest beer to all of our customers, an East Coast brewery started to make a lot of sense to us,” said Ballast Point founder Jack White. “We are excited by the opportunity we see in Botetourt County, and we’re looking forward to getting to know the local community as we get established there.”
Beth Doughty, Executive Director of the Roanoke Regional Partnership, said the organization called on the company more than a year ago as part of a campaign to attract craft brewers. “The company was able to move quickly because we matched them with an available building and all the infrastructure to help meet their requirements.”
“Attracting Ballast Point is a fantastic way of adding employment opportunities in Botetourt County with an industry leader creating a destination location,” said Joyce Kessinger, Chair of the Botetourt County Economic Development Authority. “We see this project as key to our goal of attracting young people to live, work and play in Botetourt.”
Botetourt County and the Roanoke Regional Partnership worked with the Virginia Economic Development Partnership. Economic impact modeling by the Roanoke Regional Partnership estimates this project will have an overall annual economic impact of $376,442,866 and spur creation of more than 540 secondary jobs. The impact will extend across the region.
Governor Terry McAuliffe approved a $2.4 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with the project. The company will also be eligible to receive a $250,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund, administered by the Virginia Department of Agriculture and Consumer Services. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. In addition, the county will provide $1,402,177 in tax incentives along with performance grants anticipated at $650,000, a potential AFID grant of $250,000, and permit fee waivers.
“We are able to welcome Ballast Point to Botetourt County because of the decision by the Board of Supervisors in 2015 to join the Western Virginia Water Authority. Without that partnership, we would not have been able to provide the quantity and quality of water demanded by this project,” said Botetourt County Board of Supervisors Chair Jack Leffel. “This is another example of bold decisions, such as the development of Greenfield, that pay long-term dividends to the county and its residents.”
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024