Brockton, MA – MassDevelopment has provided a $430,000 loan from the CARES Act Revolving Loan Fund to Brockton Beer Company, which is opening a new taproom at 121 Main St. in Brockton.
Brockton Beer Company will use the loan proceeds for working capital, equipment purchases, and other startup costs. This will be the city’s first craft brewery taproom.
Brockton Beer Company was founded in 2018 by four Brockton friends. The company will be located on the ground floor of 121 Main St., a new mixed-use building with 48 units of housing and underground parking at a formerly vacant site. In summer 2018, the Brockton Transformative Development Initiative (TDI) Partnership temporarily activated the site through PROVA!, a pop-up multicultural arts and performance venue celebrating Brockton’s multicultural heritage through rotating local food vendors, craft beer selections, and live performances. Former Brockton TDI Fellow George Durante then worked closely with Brockton Beer Company to help get the company up and running and secure MassDevelopment financing.
The 2020 CARES Act authorized the U.S. Economic Development Administration to make grants to entities like MassDevelopment to capitalize revolving loan funds that make loans to small businesses and nonprofits impacted by the COVID-19 pandemic.