City Brewing To Acquire Hardy Bottling
Release date: 3/30/2011
Company to hire 500 people / invest $41 Million in facility.
UPDATE: The Workforce Investment Network (WIN) / Tennessee Career Center has established a phone number and email for more information on employment opportunities with City Brewing Company. Please call 901-545-2849 or email email@example.com with any inquiries.
MEMPHIS – The Memphis Economic Development Partnership (MemphisED*) is pleased to announce that City Brewing Company, one of the premier contract beverage producers in the U.S., is announcing today that it will acquire the Hardy Bottling facility on Raines Road and create 500 new jobs. City Brewing, headquartered in La Crosse, Wisconsin, currently has production facilities located there and in Latrobe, Pennsylvania, with the capacity to package over 60 million cases of products annually. These facilities have the capability to produce beer, flavored malt beverages, teas and energy drinks in a variety of bottle and can sizes and configurations.
“The acquisition of this facility will give City Brewing the capacity and the geographic location to serve their customers for many years to come,” said City of Memphis Mayor A C Wharton. “We are so thankful to Carolyn Hardy and her team for bringing this fabulous new company to our community and for Carolyn’s undying determination to keep these brewing and bottling jobs in Memphis/Shelby County.”
“We are very excited about the job opportunities this project will bring to our county,” said Shelby County Mayor Mark Luttrell. “These are very high paying jobs with incredible benefits with a company that has a proven track record as an industry leader.”
City Brewing will pay their employees in Memphis an average wage of $41,705 per year. In addition, the company will provide a benefit package equaling 40% of the wage including health and dental insurance, 401k, sick leave and bonus compensation, etc. Close to 90% of the jobs created at the facility will be available to people with a high school education or equivalency.
John Moore, President & CEO of the Greater Memphis Chamber said the goal of the MemphisED Partnership has always been high paying jobs with great benefits for our citizens and this project is another example of how that initiative is paying off for our community.
“Our great ED team would not be able to identify, facilitate and execute these types of complex projects without the resources we get each year from the Memphis Fast Forward steering committee,” Moore said. “The work that has been done by the Memphis ED partners over the past three years is truly starting to pay dividends to our community.”
The Memphis/Shelby County Industrial Development Board today approved a PILOT incentive that will reduce the company’s tax liability by $5.7 million over a 15 year period. During that same time period city and county governments will generate $33.5 million in new revenues from the project. An analysis by IDB staff shows a project benefit versus cost ratio of 5.8 to 1, or the creation of $5.80 in new revenues generated for each dollar forgiven in future tax liabilities.
Employment Opportunities with City Brewing Company
Memphis Fast Forward
City Brewing Company, LLC
City of Memphis
Memphis/Shelby County Industrial Development Board
*The Memphis Economic Development (MemphisED) Plan serves as the economic development component of a broader economic growth initiative for Memphis and Shelby County called Memphis Fast Forward. MemphisED is led by the Greater Memphis Chamber. The plan is designed to ensure that both Memphis and Shelby County have a strong and diverse economy, foster innovation and entrepreneurship, and advance the region’s global leadership in the bioscience, music/film and logistics industries.
The Greater Memphis Chamber is the lead economic development agency for Memphis/Shelby County, and is a private, non-profit, membership-driven organization comprised of 2,300 business enterprises, civic organizations, educational institutions and individuals.