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Government backs Genesee
$6.5 million package may go for equipment, brewpub
Aug 10, 2000 - The U.S. government has awarded Genesee Brewing Corp. a $6.5 million federal grant and loan incentive package that could help the Rochester, N.Y., company retain 375 workers and create 80 jobs.
U.S. Housing and Urban Development Secretary Andrew Cuomo, Rochester Mayor William A. Johnson Jr. and U.S. Rep. Louise Slaughter, D-Fairport, announced the incentive program. "I think it's a great day to drink beer!" said Genesee President and Chief Executive Tom Hubbard, who is working with an investment group to buy the brewery from the parent company. Genesee would use the money -- $1.5 million in grants and $5 million in loans -- to buy a new production system and build a brewpub restaurant. Its brands include a line of regional beers -- Genesee Beer, Genny Light and Genny Cream Ale -- as well as J.W. Dundee Honey Brown Lager and Michael Shea's Irish Amber.
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