Included within the acquisition is the 1886 Malt House which is a direct beneficiary of incentives designed to promote the local farm to brewery industry.
The 1886 Malt House is located on the site of the Sunoco agri-business complex in Volney, per its website. Sunoco in 2015 announced the creation of the craft-malting facility co-located with the Sunoco ethanol plant, per the Sunoco ethanol website.
In 2013, New York created a farm-brewery law to provide licenses only to those farmers whose beer is made primarily from locally grown farm products, Attis said. Under this program, the Malt House will receive some tax-exempt status and contribute to the $4 billion per year craft-brewery business in the state of New York.
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“The state of New York has continually demonstrated that it is a leader in green-business initiatives,” said Cosman. “Its continued focus on driving economic incentives for green projects while relentlessly focusing on reducing greenhouse-gas emissions make New York state an ideal location for Attis.”
Contact Reinhardt at ereinhardt@cnybj.com
