Summary:
Brew Theory, LLC (Brew) plans to open a contract brewery, coffee roasting facility and tasting room at 400 Pittman Street. The project consists of an interior renovation of an approximately 10,000sf space including electrical upgrades, brewing equipment, upgrading interior spaces to accommodate the tasting room and seating. Brew plans to create 13 new full-time jobs through this project. Total capital investment for this project is approximately $950,000.
The business has requested assistance through the City of Orlando's Business Assistance Program. The Business Assistance Program (BAP) is a matching grant program that was approved by the Orlando City Council on June 18, 2001 to encourage small businesses to locate, expand or redevelop in the City of Orlando. The Business Assistance Program assists with small-scale infrastructure projects, building permitting fees and impact fees. The BAP pays fifty percent of eligible fees. The maximum amount granted under the program guidelines is $20,000.
Total eligible fees for Brew Theory, LLC under the Business Assistance Program, are $59,704.18. The BAP will pay fifty percent of eligible fees ($20,000); this project qualifies for the maximum program award. The fee breakdown is as follows: Transportation Impact Fee @ 50% = $18,159.29, Sewer Benefit Fee @ 50% = $11,692.80 - $9,852.09 = $1,840.71. |