Parkway Brewing Co. will expand its operation in Salem, Va., creating 13 new jobs over the next three years.
Parkway currently has a 17,000-barrel capacity. Mike Pensinger, general manager and brewmaster, said the “expansion will help us expand our capacity and reach new customers as the popularity of craft brews continues to rise in our area, in Virginia and across the country.”
Parkway also will invest $750,000 in new equipment and purchase $20,500 of net-new Virginia-grown agricultural products to help fuel the company’s expansion beyond the Commonwealth, Virginia’s secretary of agriculture and forestry, Basil I. Gooden, announced.
The City of Salem will match the Governor’s Agriculture & Forestry Industries Development Fund (AFID) award amount of $150,000 with a cash grant of $150,000 that will be paid out to the company. The city’s matching funds will be used for building improvements. The company is also eligible for an estimated $4,800 in grant funds from the Virginia Jobs Investment Program (VJIP) to be used for job training. Additional funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.