Muskoka Brewery to invest in major expansion
Create more jobs and expand into new markets. That’s what Muskoka Brewery says it has planned for a $5 million investment, which is going toward new technology and expanding its retail and taproom experience.
Todd Lewin, President at Muskoka Brewery, says changes to the Small Beer Manufacturer’s Tax Credit, along with a grant from the Ministry of Economic Development, is giving the brewery the chance to invest in its growth and expansion. He says there are hurdles to make profits, and this improved tax credit will knock down some barriers to growth and also help small breweries across Ontario. Some of the tax breaks include reducing the beer tax rate from 90 cents per litre to 40 cents for sales of microbrewery beer, as well as removing the tax on up to 10,000 litres of beer per year for product promotion at on-site retail stores, like samples or tastings.
Mayor Graydon Smith helped congratulate Muskoka Brewery on its announced plans, saying Muskoka Brewery has been a hometown success story growing from a small startup in 1996 to become one of the largest 5 private sector employers in Muskoka.
According to Muskoka Brewery, it currently employs approximately 130 people and continues to be at the forefront of the craft brewing industry. The tax credit was announced in the 2018 provincial budget, and if passed will come into effect retroactively beginning March 1st.