Founders Brewing Company Plans $26 Million Expansion At Its Grand Rapids, Michigan Brewery
12/20/2012
“The craft beer market continues to grow, and demand for Founders beers has caused our growth to outpace average industry growth,” said Founders Brewing Co. President and CEO Mike Stevens. “Meeting this demand requires a significant upfront investment in additional facility area and, more importantly, in additional equipment. We are grateful for this incentive assistance, which will allow us to keep up with demand and to be in a position to hire more people to help us grow the brewery.”
“Founders Brewing Co. is a leader in Michigan’s growing microbrew industry and deserves to be congratulated on this expansion. We thank them for their continuing commitment to Grand Rapids and to Michigan,” said Michigan Economic Development Corporation President and CEO Michael A. Finney. “We should also thank both The Right Place and the City of Grand Rapids for helping to make this expansion to take place. This collaboration is a great example of what we can accomplish when working together.”
Founders plans to expand its Grand Rapids facility to support its continued growth. As an incentive, Founders has been awarded a $2 million Michigan Business Development Program performance-based grant with repayment terms. The City of Grand Rapids has offered a 12-year property tax abatement valued at approximately $300,000.
“Founders Brewing is a shining star in Grand Rapids, not only from a consumer standpoint but also with regard to economic development,” said Susan Jackson, Senior Business Development Manager, The Right Place, Inc. “This expansion confirms that Grand Rapids continues to find a niche in the micro-brewing industry. We are pleased to help Founders grow in Grand Rapids.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025