INDIANAPOLIS (Jan. 16, 2013) – Sun King Brewing Company, LLC, an Indiana beer brewery, announced plans today to expand its operations here, creating up to 32 new jobs by 2016.
The homegrown-Hoosier company, which is the state’s second largest beer brewer, will invest $3.9 million to add 1,850 square feet to its existing 2,700 square-foot facility located at 135 N. College Ave. in Indianapolis. The facility will house 240 barrel fermentation tanks to allow for an increase in beer production.
“There is no better story to tell than that of a homegrown Hoosier company that continues to grow and create new jobs,” said Eric Doden, president of the Indiana Economic Development Corporation. “We are committed to fostering a strong business climate so that companies across our state can succeed and many more stories like Sun King Brewing can be written.”
A 2011 “Company to Watch” recipient and 2012 “Company to Watch Spotlight” award recipient, Sun King Brewing currently has 34 full-time employees in Indianapolis. It is hiring production and delivery positions on an ongoing basis.
“We work hard to make great beer and are ecstatic that so many people love what we do,” said Clay Robinson, brewer and owner of Sun King Brewing. “Our growth is driven by demand for our beers, we are grateful for the opportunity.”
Established in 2009, Sun King Brewing brews and distributes handcrafted seasonal and specialty beers that are available on tap and in cans at hundreds of locations in central Indiana. The company’s beers have garnered multiple medals at the Indiana Brewers Cup, Great American Beer Festival and World Beer Cup competitions.
The Indiana Economic Development Corporation offered Sun King Brewing Company, LLC up to $240,000 in conditional tax credits and up to $60,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis approved additional incentives at the request of Develop Indy.
“Sun King Brewery has a choice, and they choose to invest in Indianapolis. Our pro-business climate and stable tax structure are some of the great reasons top companies such as Sun King Brewery locate and expand operations here,” said Indianapolis Mayor Greg Ballard. “A model corporate citizen, Sun King Brewery sponsors hundreds of events in Indianapolis each year and contributes to numerous community organizations. We congratulate Sun King Brewery on this expansion and look forward its continued success in the future.”
Sun King Brewing is the latest homegrown-Hoosier company to announce its decision to expand in central Indiana. Raidious, Angie’s List, Moorehead Communications, ExactTarget, BidPal and Indigo BioSystems are some of the 18 homegrown-Hoosier companies that made plans to grow in central Indiana in 2012, projecting to create more than 2,540 new jobs.
About Sun King Brewing
The brewery is the brain child of Dave Colt and Clay Robinson, who first met when Clay was a student at Wabash College and Dave was the bar manager and assistant brewer at the now-defunct Circle V Brewing Co. on the far north side of Indianapolis. In July 2009, the first keg of beer rolled out the door for delivery, making Sun King the first full scale production brewery in Indy since Indianapolis Brewing Company closed its doors in 1948. Now available on tap and in cans at hundreds of locations around central Indiana, Sun King has grown into the second-largest beer brewer in the state of Indiana. For more information visit www.sunkingbrewing.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
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Beth Belange (Sun King Brewery) – 317.602.3702 or email@example.com
Katelyn Hancock (IEDC) – 317.234.2294 or firstname.lastname@example.org