Notch Brewing Inc. Expands Microbrewery With MassDevelopment Loan
06/24/2016
As an incentive, MassDevelopment provided the company with a $425,000 equipment loan. The loan will allow Notch to move a portion of its production in-house and reduce its reliance on contract brewers.
“The equipment loan from MassDevelopment was a critical component in financing our new production brewery in Salem. This support allows us to expand our production capabilities to meet increasing demand, and to bring manufacturing jobs back to the city’s downtown,” said Notch Brewing founder Chris Lohring.
“New England is becoming an incubator for creative and inventive new microbreweries,” said MassDevelopment President/CEO Marty Jones. “There’s no better time to support local food and beverage manufacturers like Notch, and we are pleased this loan will help expand a vibrant business in Salem.”
Launched in 2010 and based in Salem, Notch was the first brewing company in the U.S. to focus exclusively on low-alcohol session beer. The company is scheduled to open its new taproom, featuring two indoor seating areas and an outdoor German-style “biergarten” overlooking Salem Harbor, in early July.
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