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January 14, 2008

Grand River Brewing Receives Business Development Loan

PRESS RELEASE

Michelin Development approves loan for Grand River Brewing

KITCHENER, ON, Jan. 14 /CNW/ - Grand River Brewing is the latest recipient of a Michelin Development in the Greater Waterloo Region loan. This loan, for $50,000.00, will create 19 new jobs and help Grand River Brewing complete a corporate hospitality room that will be available to the public for events.

"Grand River Brewing has a great plan for business and community growth that fits well with our goal of creating jobs in the region," said John Tully, director, Michelin Development (Canada) Inc. in the Greater Waterloo Region. "We look forward to helping this entrepreneurial company achieve their goals while enhancing their local community."

Grand River Brewing of Cambridge is one of the region's premier manufacturers of fresh crafted ales and lagers of distinctive quality, character and flavour.

"Michelin Development in the Greater Waterloo Region is a great partner to work with because they understand our goals and what we want to achieve," said Bob Hanenberg, owner, Grand River Brewing. "In addition to providing us with a loan, they are also helping us enhance this community."

Michelin Development focuses on new job creation by offering low-interest loans to qualified start-up, small- and medium-sized businesses. In addition to this financial support, Michelin Development supports the development of new and existing businesses by providing access to Michelin's considerable in-house business expertise.

Information and applications for interested entrepreneurs are available at www.michelindevelopment.ca.

Posted by Bar Towel News Editor at January 14, 2008 11:21 PM