A company that opened a brewery and restaurant in Grand Junction will receive a rebate on business personal property taxes it otherwise would pay to Mesa County.
The Mesa County Commissioners approved an agreement with Rosco’s, which operates the Edgewater Brewery and Edgewater Tap & Grill.
The agreement covers 10 years and will result in a first-year rebate of about $3,500.
The incentive is the second Mesa County has granted in the last 60 days to companies that invest more than $1 million in equipment and other items subject to business personal property tax and create jobs.
Rosco’s has invested $1.1 million and created 27 jobs over the past year in moving to full-scale production and bottling of craft beers at the Edgewater Brewery.
Jim Jeffryes, head brewer and co-owner of Kannah Creek Brewing Co. and the Edgewater Brewery, told the Business Times in an interview last year he expected production at the new brewery to increase to 5,000 to 6,000 barrels this year. A barrel is equivalent to 31 gallons.
With about 10,000 square feet of space for brewery and bottling operations, the facility is large enough to accommodate additional equipment that could increase annual production to 9,000 barrels, Jeffryes said.
Diane Schwenke, president and chief executive officer of the Grand Junction Area Chamber of Commerce, said other businesses also may be eligible for rebates on county business personal property taxes. Schwenke encouraged businesses to contact the chamber for assistance in applying for the rebates. Businesses don’t need to be members to receive assistance, she said.