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Posted on April 16, 2015 by NYCBG
It doesn’t take a total craft beer nerd to notice that craft beer is on the rise. It seems nearly impossible to find a bar, restaurant or bodega that doesn’t have at least one craft offering these days. Today, Governor Andrew Cuomo confirmed what many have been observing: New York craft beer is kicking some serious butt.
According to Governor Cuomo, the NY craft beer industry grew 59% from 2013 to 2014, with an estimated economic impact of $3.5 billion. The numbers presented in a report by the Stonebridge Research Group for the New York State Brewers Association and the New York Wine and Grape Foundation go to prove that craft beer isn’t just growing, it’s exploding.
We have said time and time again that New York produces some of the best craft beverages anywhere, and this report backs up exactly why we are focusing on growing these breweries. By cutting the costs of doing business, rolling back red tape, and promoting products through Taste NY, we are seeing monumental success across the state. When these craft beverage producers do well, it creates jobs, puts more money in local economies and sets the stage for future growth.
Governor Andrew Cuomo
Governor Cuomo asserted that the boom of New York craft beer is due to several regulations his administration has passed, including the farm brewery license, tax credits for small brewers, and increasing the production cap for small brewery licenses. While these regulations have certainly stoked the fire, there is no denying that the growth of craft beer is a national trend, as evidenced by the numbers being reported by the Brewers Association and at the Craft Brewers Conference in Portland.
Here are some key figures from the report:
Takeaway: craft beer is good. Keep drinking local beer.
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