Hopping onto craft beer bandwagon Feds invest $328K in Fredericton, N.B. brewer
TrailWay Brewing opens Main Street brewhouse in Atlantic Canada capital
FREDERICTON, N.B.—A team of East Coast craft brewers has gone from mixing up suds in a 31-gallon barrel in a Fredericton, N.B. basement to a nearly half-million dollar brewery with a little help from the Canadian government’s Atlantic Canada Opportunities Agency.
TrailWay Brewing Co. opened its new 10-barrel brewery and tasting room this May. It invested $79,712 in private funds in the new Main Street site, as well as $328,094 from the ACOA and $14,310 from Opportunities New Brunswick. The major relocation and expansion is expected to allow the maker of hoppy, American-style ales to scale up and build its customer base.
“This expansion means we’re able to create new jobs, grow the craft beer sector in our province, and has given us the push we needed to make our dream become a reality,” Jake Saunders, the brewer’s co-owner and director, said.
One of a number of recent federal and provincial government investments in the craft brewing industry, both tiers of government expect the funding to create local jobs and fuel the booming market for independent beer.