SEDCO $500K land incentive approved for 903 Brewers

11 Aug 2021


8/11/21 (Michael Hutchins, Herald Democrat)

903 Brewers is getting some help in its efforts to build a new brewery along FM 1417.  Sherman Economic Development Corp. has agreed to pledge an incentive valued at about $500,000 towards the company’s new project.

The agreement that will provide a site for the new facility was unanimously approved by SEDCO Tuesday. Under the terms, SEDCO will sell 903 Brewers five acres of land for the new site at just $1 per acre.

“We valued the land at close to $100,000 an acre, but it will be effectively conveyed to them for $1 an acre,” SEDCO President Kent Sharp said. “As far as the incentive, we aren’t doing any cash — just the acres.”

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