Ballast Point Brewing & Spirits, San Diego, the 11th largest craft brewer in the United States in 2015, will invest about $48 million to establish an East Coast brewing operation in Botetourt County, Va.
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.
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.
Gov. 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 (AFID), 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.
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.