.21stAmendment Brewery calls for lender moratorium to retain brewery staffs during pandemic. craftbeer beertwitter
As breweries throughout the U.S. struggle to retain staff and continue paying them during a period of time when selling beer has become more and more difficult, one ray of light has been major commercial banks instituting moratoriums on principal and interest payments for small businesses. Several major banks, including Citigroup, JPMorgan, U.S.
That kind of leeway would allow 21st Amendment to continue paying its own employees, said Nico Freccia, co-founder and CEO in the statement: 21st Amendment’s bank is clearly among those that has not yet issued such a moratorium. Minority owned by New York’s Brooklyn Brewing, 21st Amendment Brewery is “celebrating” its 20th anniversary in 2020, but clearly not in the way they would have preferred. The company employs more than 110 people in the Bay area, but had to lay off or furlough all of its hospitality workers—around 60 employees—once the shelter-in-place order was made official.
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