Update: Richmond Nabs Stone Brewing, Beer Garden and Restaurant Coming 

Virginia offering more than $5 million in grants to bring the company to Richmond, source says.

Update, Oct. 9: Here's Stone Brewing's video announcement selecting Richmond. Official press release here.

Following months of speculation, Gov. Terry McAuliffe plans to announce tomorrow afternoon that Stone Brewing Co.’s much anticipated expansion is coming to Richmond’s Fulton Hill neighborhood.

In their bid to bring the company to Virginia, officials offered Stone more than $5 million in state grants late last month, sources familiar with the plans say. The city has agreed to undertake some of the construction costs, the sources say.

Stone is likely to announce an investment of about $75 million in Richmond to build a brewery and beer garden, the sources say. The complex is expected to create about 90 brewery jobs and 200 hospitality jobs.

The announcement is expected to come during a 2 p.m. event at the Executive Mansion. McAuliffe’s public schedule says the governor will make a “major economic development announcement” at that time.

Stone representatives declined to confirm news, first reported by the Richmond Times-Dispatch, that the announcement was poised for tomorrow.

Stone had named Richmond, Norfolk and Columbus, Ohio, as finalists for the project. Stone is based in San Diego and is the 10th-largest craft brewery in the country. The company has said the Richmond brewery will ease the distribution of its product around the eastern United States.

Comments (8)

Showing 1-8 of 8

Add a comment

Subscribe to this thread:
Showing 1-8 of 8

Add a comment

  • Re: 2016 Top 40 Under 40

    • Who submitted these names? What was the selection process?

    • on October 22, 2016
  • Re: The Brain-Makers

    • greetings to every one reading my testimony, my name is ELVIS CEASER from the united…

    • on October 21, 2016
  • Re: Library of Virginia Layoffs Will Hinder Open Government, Preservation of Historical Record

    • How about taking the corporate welfare money and investing it in librarians. These job losses…

    • on October 21, 2016
  • More »
  • More by Ned Oliver

    Copyright © 2016 Style Weekly
    Richmond's alternative for news, arts, culture and opinion
    All rights reserved
    Powered by Foundation