Ballast Point Brewing and Spirits, a craft brewing company, will invest about $48 million to establish an East Coast brewing operation in Botetourt County, Virginia. The company has agreed to purchase the 259,040-square-foot Lawrence Companies building located on International Parkway in Botetourt Center at Greenfield, where it plans to create 178 jobs in manufacturing and retail operations.
“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.”