IBJNews

Beer brewer feuding with Franklin over incentives

Back to TopCommentsE-mailPrintBookmark and Share

A disagreement about how much financial information a San Diego-based beer brewer must submit to the city of Franklin to receive financial incentives has postponed the company’s plan to establish operations in the city south of Indianapolis.

In April, the Indiana Economic Development Corp. offered TailGate Beer up to $1.85 million in performance-based tax credits and $100,000 in training grants based on the company's plan to create as many as 150 jobs over the next three years in a multi-million-dollar production, packaging and distribution facility.
 
Franklin and Johnson County Development Corp. officials are considering more than doubling that incentive package, but are demanding details of the company’s most recent fiscal statement.

TailGate officials said in April they hoped to be operating in Franklin by mid-summer, and told Franklin officials they are now concerned the move can’t be completed by its peak season, which coincides with the football season. Company officials were not available for comment Thursday morning.

TailGate executives, upset over Franklin officials' unwillingness to approve incentives, have billed the city nearly $107,000 for travel and accounting expenses as well as lost business. Franklin Mayor Fred Paris is adamant that the city owes Tailgate nothing, but city officials are keen to settle the feud and have Tailgate open its local plant.

“The city has moved as quickly as it can while still trying to be prudent,” said Craig Wells, Franklin Development Corp. CEO. “We would like more detailed financial information before we finalize our decision. So far, they’ve only sent us cursory financial information from their tax returns.”

TailGate owner Wesley Keegan, a 24-year-old who founded the company right after graduating from San Diego State University two years ago, told IBJ in April that Tailgate considered numerous sites in 12 states before deciding on Indiana for expansion.

Frankllin has worked to secure the former Klaisler Manufacturing building at 1800 Musicland Drive for Tailgate, and Wells said the 48,000-square-foot building could be ready for the beer brewer to move in within three months.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. This is still my favorite Mexican restaurant in town. What I do love about the new version is it is much quieter than the most recent version. TV's were off, the music wasn't too loud, and the wait staff were not hyperactive like they had been the past few times I had been there. I just wish they would bring back the MOLE for the enchiladas!

  2. Not a bad paper. There is a need for local community news and city government issues. Don't really need the owner's constant national political rants. We all know where they stand by now.

  3. What nice people. Menard should've known better than to team up with the guy who robbed and drove Conseco to ashes. I'm surprised Timothy Durham isn't involved in this.

  4. Hello, I am Maris Peters, currently living in Texas city, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in August 2014 and i needed to refinance and pay my bills. I tried seeking loans from various loan Companies both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $65,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm or company with reference to securing a loan without collateral , no credit check, no co signer with just 2% interest rate and better repayment plans and schedule, please contact Mr William David. He doesn’t know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: Davidloanfirm@yahoo.com

  5. It is beyond me how anyone can think this was a "bad deal" for the state! If they could take the money back then, yes, but they can't! Protections were built in the agreement. Now, if they roll the roads up and take them away, I will agree that it was a bad deal. Otherwise, the only way to have paid for the infrastructure that was badly needed was for the state to issue bonds....that is a four letter synonym for debt folks!!

ADVERTISEMENT