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MegadealsSubsidy Tracker Individual Entry
Company: Founders Brewing Company
Parent Company:
Subsidy Source: state
Location: Michigan
City: Grand Rapids
Address: 235 Grandville Grand Rapids SW
Zip: 49503
Project Description: Michigan Business Development Program: Founders Brewing Co. began in Grand Rapids in 1997 as a sparse tap room and small beer production facility. Today the company has increased its production by 15 times with a network of 62 distributors across 23 states. Founders plans to expand its existing facility in the City of Grand Rapids to support its continued growth, investing approximately $26 million and creating 52 new jobs. As a result of the expansion, 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.
Year: 2013
Subsidy Value: $1,936,000
Program Name: Industrial Personal Property Tax Relief
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 52
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.