World-Leading Brewer and Top-Five Consumer Products Company Will Invest $62 Million in Baldwinsville Facility
Governor Andrew M. Cuomo today announced that Anheuser-Busch InBev, one of the world's leading brewers and a top-five consumer products company, will invest $62 million in its Baldwinsville facility to allow craft beer production and upgrade machinery and equipment and retain 443 jobs at the Baldwinsville location.
“This investment will keep hundreds of jobs and help Anheuser-Busch stay and grow right here in New York,” Governor Cuomo said. “Anheuser-Busch is a major driver of economic activity across this state and I am proud that this investment will set the stage for future growth in this key industry.”
“It’s critical to invest in new capabilities that enhance our operations at the Baldwinsville brewery, because that ultimately allows us to sustain the hundreds of jobs we provide locally,” said Pete Kraemer, Vice President, Supply and head brewmaster, Anheuser-Busch. “Our employees all work hard to produce the great beers our customers demand and this demonstrates our commitment to the region.”
With U.S. origins dating back to the 1860’s, Anheuser-Busch operates 12 flagship breweries across the U.S. and boasts a portfolio of more than 200 beer brands, including the country’s most popular beer, Bud Light. In the United States, AB holds greater than 46 percent market share of beer sales.
"Anheuser-Busch will retain hundreds of jobs across the state," said Howard Zemsky, Empire State Development Commissioner, President, and CEO. "Thanks to Governor Cuomo’s leadership, top global companies know there's no better choice than New York State to grow and expand their operations."
AB’s Baldwinsville brewery produces more than 65 brands, is 1.5 million square feet in size, and can ship 180 trucks a day. Baldwinsville has traditionally been on the leading edge of innovation and creativity, and this investment helps them continue to innovate. Since 2011, tens of millions have been invested in the Baldwinsville brewery to add new capabilities, increase efficiencies and sustain existing operations.
To encourage Anheuser-Busch to invest and remain in its facilities in upstate New York, Empire State Development, New York’s chief economic development agency, has offered the company $2 million in performance-based Excelsior Jobs Program Tax Credits.
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