New brewery plans launch via equity crowdfunding
Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A new brewery wants to launch in the tourist district of Orlando in 2023.
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Bear Hug Brewing recently closed an equity round of $400,000 in December via seven investors, according to U.S. Securities & Exchange Commission documents. The brewery has yet to announce a location, but its website says it wants to open this year.
Why this matters: New breweries can add jobs as well as opportunities for contractors and suppliers.
According to the company’s business plan, Seth Hunter and Sean Flynn noticed a lack of breweries near Walt Disney World Resort and Universal Orlando Resort, which spurred their interest in creating the company. The pair have a combined 20 years of experience in the food and beverage industry, and are being advised by breweries in New York.
Click here to read the full story on the Orlando Business Journal’s website.
