News Flash

City of Manhattan News

Posted on: October 27, 2020

Bev-Hub Receives Economic Development Assistance

BevHub logo

On Tuesday, October 6, the City Commission voted to approve an Economic Development Agreement with Bev-Hub. The company currently produces and packages beverages (water, cold brew, juices, and teas) for national and international clients. Recently, Bev-Hub purchased the former Tallgrass Brewing Company building in the City’s Business Park near the Airport and they’ve begun renovations to the existing floor to handle their anticipated equipment and expansion.

The economic development package for Bev-Hub includes a job incentives grant for $240,500 for the anticipated 37 full-time jobs they’ll bring to Manhattan. Payment will be disbursed upon successful hiring and employment for one year.  Additionally, Bev-Hub will be eligible to apply for a 10-year tax abatement and sales tax exemption with the issuance of Industrial Revenue Bonds (IRBs) on their proposed roughly $900,000 expansion. It is estimated the tax abatement annually will be around $35,000 - $40,000.  

IRBs are a financing tool that allows local governments to issue bonds on behalf of a private business for a specific project and the private business then receives the proceeds. When granting IRBs, the Commission must determine the project will promote, stimulate, and develop the general economic welfare and prosperity of the city, and thereby further promote, stimulate, and develop the general economic welfare and prosperity of the State of Kansas. Included in their IRBs, property taxes are exempt only on the expansion for a 10-year period as allowed for by State Statute. Bev-Hub will continue to pay taxes on the existing $2.4 million building and plans to invest over $20 million in the facility with equipment, reconditioning and expanding the facility.

The regional Cost/Benefit Analysis for this project is favorable. Based on the City’s economic development return on investment model, the total benefits of the project to the City are estimated at $597,748.88, or net benefits of $250,843.00. The net benefits to the other taxing jurisdictions are also positive: Riley County ($257,991.89), USD 383 ($312,925.91), and State of Kansas ($2,889,508.50). 

Renovations are currently in progress and Bev-Hub expects to begin production by spring 2021

Facebook Twitter Email

Other News in City of Manhattan News

2022 City Budget Approved

Posted on: September 29, 2021
photo of levee on Kansas River side

Levee Project Moving Forward

Posted on: September 24, 2021
photo of a child's feet pedaling a tricycle

Volunteers to Help Build Kid's Bike Park

Posted on: September 9, 2021
back 9 2

FUZE: An Aggieville Development Project

Posted on: August 24, 2021
Clear the Shelter logo with photo of puppy and kitten

Pet Poolooza and Clear the Shelters

Posted on: August 10, 2021

2021 Sanitary Sewer Line Maintenance

Posted on: July 12, 2021
photo of steam rising from manhole cover on Wreath Avenue

2021 Cured-in-Place Pipe Projects

Posted on: June 28, 2021
Rina Neal photo

Rina Neal Named Finance Director

Posted on: March 22, 2021
photo of fire apparatus and personnel working to put out a fire

House Fire Damages Attic

Posted on: February 8, 2021
architectural drawing of Stonehven Park

Stonehaven Master Plan

Posted on: January 25, 2021
photo of house key hanging from doorknob

Kansas Eviction Protection Program

Posted on: November 2, 2020
pollinator pockets graphic

Take the Pollinator Pockets Survey

Posted on: October 26, 2020
Manhattan Fire Department logo

Manhattan Fire Fighters Test Positive

Posted on: October 23, 2020
sinkhole 8-21-20

8/21/20 Sink Hole - Leavenworth & Third

Posted on: August 21, 2020