February 26, 2018
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Bringing Business Up to Speed
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Heritage Distilling prepares to open in Ballard and launch $5 million investment round

Heritage Distilling Co. is on a roll, with plans to open a distillery and tasting room in Seattleā€™s Ballard neighborhood by the end of March, the Puget Sound Business Journal reports.

Other projects underway include a Capitol Hill location and one in Tumwater. Heritage will have seven locations once the new locations open, the newspaper reports. CEO Justin Stiefel also told the newspaper other projects are in the works.

The company will also bring on new investors later this spring to allow for expansion and to purchase raw ingredients at better prices.

"Up until now, all funds raised have been through private friends and family rounds," Stiefel said. "For the first time, Heritage will be able to solicit the general public and sell shares to pre-qualified investors."

The company produced about 47,500 gallons in 2017, nearly twice the 24,200 gallons produced in 2016, the newspaper wrote. Many Heritage products, including Brown Sugar Bourbon, have earned spirits awards.

In recognition of the company's growth and innovation, AWB named Heritage Distilling Company its 2017 Manufacturer of the Year. The company was also part of the cover story in AWB's summer 2017 magazine. Read the full story here.

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Capital Gains Tax
All Manufacturers Need Relief

Manufacturing jobs key to all of our communities

By AWB President Kris Johnson

The health of Washington state's manufacturing sector is a bellwether for the strength of our overall economy, and a key driver of economic opportunity for families in every city and small town across the state.

The sector is vital to the state. Manufacturing jobs support families with livable wages and benefits and they grow the local economy and tax base to ensure funding for critical services.

Along with all that positive news, is the reality is the sector needs some support.

Since 2000, Washington has lost more than 50,000 manufacturing jobs, the majority of which are not in the aerospace sector.

The good news is lawmakers are currently considering bills that would reinstate the uniform B&O tax relief. It's a move our members support as one way to jumpstart job creation in every part of the state...

Read the full guest column in The Olympian
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