Proposed brewery owners seek city Enterprise Zone incentives | Local News

The Brunswick City Commission during its meeting on Wednesday will consider approval of enterprise zone incentives being sought by the owners of a brewery planned for downtown Brunswick.

The intent of enterprise zones — geographic areas in which businesses can qualify for a variety of subsidies — is to encourage businesses to stay, move to, or expand in depressed areas, thereby helping to revitalize them.

Enterprise zone subsidies often include a variety of corporate income tax credits, property tax abatements and other tax exemptions and incentives.

Mathew Hill, executive director of the Downtown Development Authority explained why he thinks granting the business the incentives is a good idea.

“The brewery will create 18 jobs in Brunswick and will draw thousands of visitors to downtown,” Hill stated. “The increase in visitors will result in increased sales tax revenue and new jobs are always welcome. Enterprise zone incentives attract businesses like the brewery because of the reduced costs, but the city gains the investment in the project, new jobs and economic activity in the area.”

Chris Moline and his partners, Jeff and Kevin Coyles, along with Moline’s wife, Allyson, are seeking about $16,000 over 10 years in enterprise incentives for the brewery that will be constructed at 1317 Newcastle St. Fees would cover building permits, sign permits, business license administration, occupation taxes for the first year and engineering fees.

The brewery owners are also asking for help in negotiating with the Brunswick Glynn County Joint Water Sewer on tap fees, according to Hill.

The brewery project is roughly a $1.45 million investment between build-out costs and equipment pricing.

The brewery owners also applied for and received a historic stabilization loan, a forgivable loan in the amount of about $20,500…

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