ATLANTIC CITY — DeWalt Brewing Company will relocate to the city after the state awarded the brewery about $1 million in tax credits over the next decade.
The brewery is officially moving to the resort from Reading, Pennsylvania, company CEO Christopher DeWalt said Monday. It will open its headquarters next door to the Little Water Distillery in the Northeast Inlet.
"We’re excited about the prospect of being part of the turnaround of Atlantic City," DeWalt said, thanking city officials, the Atlantic County Improvement Authority and the Greater Atlantic City Chamber of Commerce.
The brewery plans a grand opening in July, but the craft beer could arrive to the city sooner, possibly June, DeWalt has said. He plans to bring 15 employees to the city by the end of the first year, and employ 85 to 100 workers after a decade.
DeWalt's move was contingent on receiving state tax credits the company applied for. The New Jersey Economic Development Authority board approved Grow NJ tax credits of up to $108,795 annually over 10 years on March 16.
The brewery currently has three beers — a German-style lager, an India pale ale and a mixed berry apple cider, according to its website. DeWalt, 50, plans to reveal three more recipes when it moves to the city.