Stone Brewing To Open $74M Facility in Richmond, Create 288 Jobs
- Oct 15, 2014
Another major employer is coming to Richmond and the state of Virginia. Gov. Terry McAuliffe announced on Oct. 9 that Stone Brewing Co., the 10th largest craft brewer in the United States, plans to construct its East Coast production and distribution facility in Richmond’s Greater Fulton neighborhood.
San Diego-based Stone Brewing will invest $74 million in the project, which calls for a 200,000-square-foot production brewery and distribution facility on a 14-acre site. Stone Brewing will also renovate a two-story, 30,000-square-foot building, transforming it into a destination restaurant spanning four acres. The new facility will also include gardens, retail space and administrative offices. When complete, it will accommodate 288 employees.
The brewery is expected to start operations in late 2015 or early 2016. The restaurant will open a year or two later.
Virginia competed against more than 20 states for the project. Steve Wagner, Stone Brewing’s president, said that the company received hundreds of proposals and visited more than 40 sites before selecting Richmond.
The Virginia Economic Development Partnership worked with the city of Richmond to secure the project. Stone Brewing will receive a $5 million grant from the Governor’s Opportunity Fund and will be eligible for a grant of up to $250,000 from the Governor’s Agriculture and Forestry Industries Development Fund, if it agrees to use Virginia-grown products in its operations. The company will also receive incentives from the Virginia Enterprise Zone Program, while funding and services to support employee training will be provided through the Virginia Jobs Investment Program.
“Today’s announcement marks the fruition of months of partnership and aggressive efforts to show Stone Brewing Co. that Virginia is the best state for its new craft beer production and hospitality facility,” Governor McAuliffe said in a statement. ”This competitive, high-profile project really puts Virginia on the map and cements our standing as a serious player in the craft beer industry. In addition to Stone’s significant investment and more than 288 new jobs, the far-reaching economic benefits of this operation are innumerable. The City of Richmond offers the infrastructure, available site and building, and natural resources that will allow the company to thrive and grow, and we are confident that Stone will benefit from the Commonwealth’s excellent business environment for years to come.”
Map credit: Stone Brewing Co.