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Economic Development Proposal for Brau Brothers in Marshall - August 2012

The City of Marshall proposes an incentive package to Brau Brothers, offering $250,000 in financial assistance to support economic development and employee relocation. This includes $125,000 in forgivable loans and an additional $125,000 at 4% interest over 7 years. The funds will be allocated at Brau Brothers' discretion with City Council approval. The plan emphasizes the importance of tours, taste testing, and festival development. The city will ensure necessary zoning and permitting approvals are in place to support the brewery's requirements.

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Economic Development Proposal for Brau Brothers in Marshall - August 2012

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  1. City of Marshall Development Proposalto Brau Brothers August7, 2012

  2. Proposal: Incentive Package • Marshall Community Reinvestment Fund (CRIF): • Marshall is willing to provide the assistance below based on moving employees to Marshall and providing economic development and future growth to Marshall and Brau Brothers. Brau Brothers also agrees to provide a build out that would allow for tours and taste testing upon opening. Festival development is also encouraged and expected. The City of Marshall will offer a total of $250,000 in loan amounts broken out below: • $125,000 Forgivable • $125,000 at 4% interest for 7 years • Loan amount is to be used at Brau Brothers discretion with City Council approval.

  3. City of Marshall Commitments • The City of Marshall will provide financial assistance to be used for design and build out requirements. • The City of Marshall will gain approval of all necessary zoning, licensing, and permitting needed to fulfill Brau Brothers’ needs. • Brau Brothers will provide all required information to ensure commitments are fulfilled.

  4. Concept Plans

  5. Build-Out Estimates

  6. Extra Build-Out Expenses

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