Hudson Valley BIZ: Bad Ass Cider Wins $500,000 Grant!
Cidermaker, Yonkers win state development awards
A Rockland County company with a Badass name was among the region’s million-dollar award winners in the state’s fourth round of regional economic development funding recently announced in Albany.
The seven-county mid-Hudson Valley region, which stretches from suburban Westchester to rural Ulster and Sullivan counties, received the largest share, $82.8 million, of the state’s $709.2 million in grants and tax credits awarded for private and municipal projects through Gov. Andrew M. Cuomo’s Regional Economic Development Council initiative to create jobs and new and expanded businesses.
Ten councils across the state each year identify priority projects and shepherd applications for state aid from businesses and municipalities under the direction of the Empire State Development agency’s regional offices.
The grants and income tax credits through the state’s Excelsior Jobs Program will benefit 118 projects in the region, state officials said.
Of the total award for this region, $35 million, or 42 percent, will come as tax-free federal industrial development bonds allocated to state and local bond-issuing authorities. An additional $3.05 million will be reserved as state income tax credits through the state’s Excelsior Jobs Program for future projects by businesses that invest in industries strategically targeted for growth by the Mid-Hudson Regional Economic Development Council.
The mid-Hudson council received the largest regional share as one of the state’s five “top performers” in 2014. Long Island, another top performer, was awarded the next largest share, $81.9 million, for 97 projects. A total of 852 projects were awarded funding statewide.
Headquartered in Blauvelt, Badass Cider Co. LLC, the maker of Badass Hard Cider, will receive a $500,000 grant to develop a brewing and distilling operation for craft beer, cider and spirits. The company, which produces its apple and pear hard ciders at the Brotherhood Winery in Washingtonville, also was awarded $1 million in Excelsior Jobs Program tax credits for its manufacturing expansion project.
Badass Hard Cider is a craft Cider produced in Washingtonville, NY at the Brotherhood Winery. Using only apples and pears from New York, our Cider stands alone in taste, nutriitional content, and most of all, drinkability. Weighing in at 5.5% ABV, Badass has just enough "kick" to make for an enjoyable, session Cider.
Team Badass is lead by Lance Johnson, the Brand Manager, and Manny Busto, Sales and Marketing.
Read more at:
http://westfaironline.com/67884/mid-hudson-region-gets-top-share-of-state-development-funds/
The seven-county mid-Hudson Valley region, which stretches from suburban Westchester to rural Ulster and Sullivan counties, received the largest share, $82.8 million, of the state’s $709.2 million in grants and tax credits awarded for private and municipal projects through Gov. Andrew M. Cuomo’s Regional Economic Development Council initiative to create jobs and new and expanded businesses.
Ten councils across the state each year identify priority projects and shepherd applications for state aid from businesses and municipalities under the direction of the Empire State Development agency’s regional offices.
The grants and income tax credits through the state’s Excelsior Jobs Program will benefit 118 projects in the region, state officials said.
Of the total award for this region, $35 million, or 42 percent, will come as tax-free federal industrial development bonds allocated to state and local bond-issuing authorities. An additional $3.05 million will be reserved as state income tax credits through the state’s Excelsior Jobs Program for future projects by businesses that invest in industries strategically targeted for growth by the Mid-Hudson Regional Economic Development Council.
The mid-Hudson council received the largest regional share as one of the state’s five “top performers” in 2014. Long Island, another top performer, was awarded the next largest share, $81.9 million, for 97 projects. A total of 852 projects were awarded funding statewide.
Headquartered in Blauvelt, Badass Cider Co. LLC, the maker of Badass Hard Cider, will receive a $500,000 grant to develop a brewing and distilling operation for craft beer, cider and spirits. The company, which produces its apple and pear hard ciders at the Brotherhood Winery in Washingtonville, also was awarded $1 million in Excelsior Jobs Program tax credits for its manufacturing expansion project.
Badass Hard Cider is a craft Cider produced in Washingtonville, NY at the Brotherhood Winery. Using only apples and pears from New York, our Cider stands alone in taste, nutriitional content, and most of all, drinkability. Weighing in at 5.5% ABV, Badass has just enough "kick" to make for an enjoyable, session Cider.
Team Badass is lead by Lance Johnson, the Brand Manager, and Manny Busto, Sales and Marketing.
Read more at:
http://westfaironline.com/67884/mid-hudson-region-gets-top-share-of-state-development-funds/
posted by Carlo De Vito | 8:30 AM
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