Small Business News

Loop Brewing spurs economic development in McCook

Loop Brewing Company in McCook, Nebraska, is another craft brewery that has spurred economic development in its city.

The company was established in 2011 with 10 employees and now has 30 employees. To help get the business started, Center for Rural Affairs Rural Enterprise Assistance Project specialist Dena Beck provided one-on-one business plan coaching, and our small business lending program was able to help with a financing package to make the business a reality.

Rural communities tapped by craft breweries

Brewing beer is big business in the U.S. In 2016, this centuries-old practice generated $64 million in annual tax revenue and accounted for nearly 2 percent of Gross Domestic Product. Today, the beer industry employs more than 64,000 individuals nationwide.

These numbers are on the rise, especially when it comes to craft brewers. According to the Brewers Association, a craft brewer is small, independent, and traditional. Breweries that meet this definition have increased in number from 1,596, in 2009, to 5,234, in 2016.

Celebrate local businesses on Nov. 25

Growing up, I would earn a quarter per chore – a quarter each for washing dishes, dusting, sweeping, and more. I pocketed the quarters, hopped on my bike, and rode four blocks to the main thoroughfare in my town of 1,000.

I would peruse toy racks at the pharmacy and hardware store; drool over bulk candy at the grocery store and the flower shop; and peer at notepads in the glass case at the newspaper office. These locally-owned businesses received all of my hard-earned quarters.

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