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FOOD & BEVERAGES | Alcoholic Beverages
longbeardbrewing.com

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Stage

Acquired | Acquired

About Long Beard Brewing Company

Long Beard Brewing Company is a "craft brewery" or "micro brewery" based in Long Island, NY.

Long Beard Brewing Company Headquarter Location

24 East Second Street

Riverhead, New York, 11901,

United States

631-727-1222

Latest Long Beard Brewing Company News

Long Beard Brewing Company is awarded tax Incentives by the Riverhead Town Industrial Development Agency

Jan 7, 2016

Tweet Good Vibrations Shoes, Inc. (OTCPink: GVSI) today announced that its recently acquired subsidiary, Long Beard Brewing Company has been awarded the tax exemptions they were seeking from the Riverhead Town Industrial Development Agency. “This is great news.”, Said Mr. Paul Carlin, the company’s CEO, “We applaud the Riverhead IDA for recognizing how much we will be helping the local economy with our brewery and tasting room, and giving us the tax breaks we were seeking. These breaks will save us thousands of dollars in taxes we would otherwise have to pay, and really help us to grow the business more quickly.”  Although the specifics of the tax breaks granted are not being released at this time, The IDA’s standard tax incentives include exemptions on sales tax, building material used in the construction, mortgage recording tax, and exemptions on a portion of the property tax generated by the improvements made to the project, starting at a 50 percent exemption, and then adding five percent back on per year over 10 years, at which point the company pays full tax. The 4,000 sqft space the company now occupies is located in an old firehouse built back in the 1930’s, and will include a full scale brewery, as well as a 900 sqft tasting room that will be open to the public. The Long Beard Brewing Company believes this will bring additional tourism to the area due to its historical significance, as well as their unique craft beer recipes. It would appear, based on the recent decision that the Riverhead IDA tends to agree. The tax incentives will help tremendously with the cost of restoring the old firehouse to its former glory, a feature that management feels will make Long Beard’s tasty brews very popular and help to make sure the company’s products are sold anywhere craft brews are enjoyed. ABOUT GOOD VIBRATIONS SHOES Good Vibrations Shoes operates a wholly owned subsidiary business called Long Beard Brewing Company, which is a “craft brewery” or “micro brewery” based in Long Island, New York. To find out more about the company, please visit its website at  http://www.longbeardbrewing.com. DISCLAIMER This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve risk, which could cause the actual results to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. This story was originally published by American Banking News (http://www.americanbankingnews.com) and is the sole property of American Banking News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.americanbankingnews.com/2016/01/07/long-beard-brewing-company-is-awarded-tax-incentives-by-the-riverhead-town-industrial-development-agency/ Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter . Leave a Reply

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Expert Collections containing Long Beard Brewing Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Long Beard Brewing Company is included in 1 Expert Collection, including Consumer Packaged Goods ( CPG ).

C

Consumer Packaged Goods ( CPG )

4,148 items

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