Thursday, December 12, 2019
It has been a decade-plus of growth for Rhode Island’s brewers and more big plans are in the works. But with twenty-four licensed brewers in Rhode Island, is the market becoming saturated?
Nationally, the numbers and experts say the growth may have slowed, but the industry is still expanding. In Massachusetts, the industry is seeing hyper-growth and that may not be good news for Rhode Island brewers.
Regardless of the macro numbers, there are a number of big initiatives being planned in Rhode Island.
Narragansett Beer is scheduled to open a brewery in the Fox Point section of Providence this year. The developers of the proposed soccer venue in Pawtucket see further expansion of venues. Brett Johnson, one of the partners in Fortuitous tells GoLocal that their plan includes breweries onsite as part of the retail development, “I see it as food halls, and you know, breweries — things that are very complementary to sports and in particular soccer.”
Rhode Island’s industry received a dose of reality when star entrepreneur Nick Garrison announced that he was selling his Foolproof Brewery. He has been one of the faces of the industry.
Another star has been Grey Sail Brewing — who earned a “best beer” in Rhode Island accolade by Business Insider — and the brewery’s chief executive says there are mixed indicators.
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