USA, MI: Founders Brewing secures funds for expansion

Founders Brewing has secured funds from the Michigan Business Development Program for its $40.4mln expansion plan, The Drinks Business Review reported on November, 26.

The company will receive $250,000 in performance-based grants.

Upon completion, the expansion will allow the brewery to produce nearly 900,000 barrels of beer annually.

Commenting on the expansion, Founders Brewing executive chairman John Green said: "The idea is clearly to continue to invest in Grand Rapids and that one location, have all employees under one roof for efficiencies.”

"There may be a day in the future we look beyond Grand Rapids, but we have a lot of room for growth."

Earlier this month, the Michigan Department of Transportation (MDOT) announced over $1.36mln for a $3mln project to improve highway access to the brewery.

Founders Brewing anticipates to distribute 200,000 barrels in 2014 and 300,000 barrels in 2015.

28 November, 2014