Denver, Colorado 2022-07-01 07:33:37 –
This story was first published on BusinessDen’s news partner, BizWest.com.
Prost Brewing Co. is an expansion project that includes a new production facility, distribution center and beer garden, relocating its headquarters from Denver to North Glen.
The deal was announced Tuesday by Colorado Governor Jared Polis and the City of Northglenn, the Global Business Development Division of the Colorado Department of Economic Development and International Trade.
“This exciting addition to Colorado’s nationally-leading craft brewery industry has brought Colorado more than 200 high-paying jobs. Congratulations to Prost Brewing Company for this expansion,” Police said. Said in a prepared statement. “Colorado is one of the best places to do business in the country, and with an entrepreneurial and innovative spirit, Colorado continues to be the best place to live, work and raise a family.”
Officials said Prost had surpassed Denver’s current headquarters and production facilities. Its new headquarters are located at North Glen Marketplace on Interstate 25 and 104. Prost also operates a tap room at Fort Collins and a beer garden at Highlands Ranch.
According to a press release, the project is expected to create 203 net new jobs and pay 154% of Adams County’s average annual salary when it reaches full production. Positions include managers, brewers, quality assurance managers, supply chain managers, engineers, hospitality, bar and culinary management. The company has 100 employees.
“We are a family-owned company and a 6th generation Colorado. Northglenn was clearly the best choice for Prost Brewing. This is important for the future of our business while staying in Colorado. I’m excited to be able to make such a move, “said David Deline, President of Prost Brewing. “It’s great to feel very supportive of Colorado, Adams County and Northglenn. The talent pool, business costs and proximity to the supply chain are all to keep craft beer competitive. Useful. Industry. “
According to a statement released by the city of North Glen, Prost initially produces 20,000 barrels of beer annually and plans to grow to 40,000-50,000 barrels over the next few years.
According to the release, Prost will invest $ 25 million in the project over a 10-year period and receive approximately $ 6 million in financial incentives from state, Adams County, Northglenn, and shopping center owner Hutensky Capital Partners. The state incentive consists of an employment growth incentive tax credit of $ 1.2 million over eight years.
“We are excited to have so many partners come together to help the city of Northglenn bring the Prost Brewing Company to the Northglenn Marketplace, including states and counties. Recognized the potential of Northglenn’s business to revitalize its shopping centers and the importance of keeping Colorado’s businesses in the state, “said Northglenn Mayor Meredith. “We are ready to welcome Prost Brewing Company to their eternal home.”
Colorado competed with San Antonio, Texas for its new headquarters location.
Prost Brewing to move headquarters from Denver to Northglenn Source link Prost Brewing to move headquarters from Denver to Northglenn