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CCIDA Approves Loan for New Business at former Jamestown Brewing Location

Submitted by Justin Gould on Tue, 01/23/2024 - 14:00
Wicked Warren’s is making plans to expand into the Jamestown market by purchasing the property at 115-121 W. 3rd St., formerly known as Jamestown Brewing Company. On Jan. 23, 2024, the CCIDA Board of Directors approved a $950,000 loan for the project, contingent on the business’s ability to secure additional funding to complete the purchase of the property.

Wicked Warren’s is making plans to expand into the Jamestown market by purchasing the property at 115-121 W. 3rd St., formerly known as Jamestown Brewing Company. On Jan. 23, 2024, the CCIDA Board of Directors approved a $950,000 loan for the project, contingent on the business’s ability to secure additional funding to complete the purchase of the property.

JAMESTOWN, NY — At its January 23, 2024 meeting, the County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors approved a $950,000 low-interest loan to Wicked Jimmy’s LLC, to support the purchase of property at 115-121 West 3rd Street in Jamestown, the site of the former Jamestown Brewing Company building.

If the project comes to fruition, Wicked Jimmy’s will be the LLC operating the business as Wicked Warren’s. It will be operated by Robert Roth, who is also majority owner of the initial Wicked Warren’s, already in operation in Warren, Pa. Roth will serve as president of the Jamestown operation and has 27 years of experience running his own business. In addition, the proposed Jamestown business will include a vice president and head brewer with over 15 years of brewing experience, along with a front of house and banquet manager with 12 years of experience, both of whom currently work at the Wicked Warren’s location in Pennsylvania.

“We’ve done considerable planning and are looking forward to getting this business up and running as soon as possible,” Roth said. “Once open and operational, Wicked Jimmy’s will brew craft beer, serve food, and host corporate meetings and ball room events. It will also provide live music, feature a ‘Speak Easy Room,’ and in the future open a roof top bar. Our goal is to make 119 West 3rd St, Jamestown’s premier entertainment destination.”

“The property is at a prime location for this type of operation, in close proximity to the Comedy Center, Northwest Arena, and other downtown Jamestown attractions. The former Jamestown Brewing Company, which was located in the facility, steadily grew its customer base until the onset of the COVID pandemic. We are confident that Wicked Warren’s will do the same, based on what they’re doing in Warren, and bring new life to Downtown Jamestown,” said Mark Geise, Deputy County Executive for Economic Development and Chief Executive Officer of the CCIDA.

“We’re excited to see new life come into this property after being vacant for nearly four years,” said Jamestown Mayor Kimberly Ecklund. “Having a craft brewery, restaurant, and banquet facility located in the core of downtown Jamestown will help to boost both visitor and local foot traffic, while also providing additional job opportunities for our local residents.”

“It’s great to see the further expansion our beverage and service industry in Chautauqua County, especially by a team with a proven track record. Once open, the Wicked Warren’s Jamestown location will help to encourage both area residents and out of town visitors to come to the downtown,” said Chautauqua County Executive Paul “PJ” Wendel.

The total estimated cost of the project would be $2.35 million and would result in the creation of 40 jobs. Terms of the CCIDA loan are $950,000 at 4.00% for 20 years, and is contingent on the company’s ability to secure additional funding for the project.

The opening date is planned for March 2024.

About CCIDA – The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. They facilitate development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the form of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses.  For more information visit www.CCIDA.com.

 

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