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Mark Anthony Brewing Company
Project Number: 20181101
Pilot Type: Fast Track
Status: Approved
Parcel ID: 09340000565
County Commission District: 11 | City Council District: 03, 08
Pilot Type: Fast Track
Status: Approved
Parcel ID: 09340000565
County Commission District: 11 | City Council District: 03, 08
Summary
Mark Anthony Brewing, Inc. was awarded a ten-year Fast Track PILOT to encourage the company to invest $11,456,473 at 5625 Challenge Drive and create 30 new jobs with an average salary of $37,679.Mark Anthony Brewing Inc. is a division of The Mark Anthony Group of Companies, one of North America's most diversified private beverage companies focused on the alcohol beverage sector. In the United States, the Mark Anthony Group pioneered the flavored malt beverage category with the launch of Mike's Hard Lemonade in 1999. Mark Anthony Brewing Inc. provides supply chain management for The Mark Anthony Group of Companies and is focused on building for the long-term. The company is seeking to accommodate growth and is evaluating options for a large-scale distribution facility.
Mark Anthony Brewing Inc is also requesting that the EDGE Board of Directors allow for future amendments to the company’s application in order to facilitate a possible second phase that would include occupancy of an additional 120,000 square feet for $3,408,675 at 5625 Challenge and creation of twelve additional jobs within the two-year ramp up period.
EDGE Staff projects an estimated $1,827,780 in local total tax revenues to be received during the PILOT term of this project and an estimated $2,325,744 benefit to the Mark Anthony Brewing.
PILOT Term:
10
Projected New Jobs:
30
Projected Retained Jobs:
Not applicable
Total Jobs:
30
Projected Average Payroll of New Jobs:
$37,679
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$1,130,370
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$11,456,473
Real Property Investment:
$925,861
Personal Property Investment:
$300,000
Community Reinvestment Credit (CRC):
$10,230,612
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$1,827,780
Projected Taxes Abated:
$2,325,744
City:
$1,016,350
(75%)
County:
$1,309,394
(75%)
Benefit/Cost Ratio:
0.79
Projected MWBE/LOSB Spending:
$580,327
Incentive Provided:
$2,325,744
Compliance Information
Not applicable
Approved
11/15/2018
Ramp up Period
2
Closing
5/18/2019 (Real)
Effective
5/18/2019
Lease Begins
5/18/2019 (Real)
Lease Expires
5/18/2029 (Real)
Amended
Not applicable
Property Details
Lease Began
5/18/2019 (Real)
Lease Expires
5/18/2029 (Real)