June 21, 2024

The Art of Investment

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Boise Brewing now offering common stock

3 min read

Boise Brewing celebrated May Day by going public.

On Wednesday, Boise Brewing announced its new stock offering, seeking to expand its reach on the market by offering up to $1,040,000 of common stock.

The brewery/restaurant/bar, a community-owned operation, was founded in downtown Boise in 2014. Founder and president Collin Rudeen said in a press release that he wanted to create a space that members of the community could become invested in — literally.

“It was my dream to bring high quality craft beer to the valley, and to let members of our community own a part of that process,” Rudeen said.

In addition to community ownership, Boise Brewing has invested in the community by housing a rotating art display of artists featured in Boise Weekly, something that Rudeen wanted to do to promote local artists.

To give back to the community, a portion of pint proceeds are donated to a local nonprofit every month, with more than $25,000 distributed to date. May sales benefit the Idaho Environmental Forum.

Awards & upgrades

Boise Brewing is also a three-time winner at the World Beer Cup and five-time winner at the Great American Beer Festival. Black Cliffs American Stout was recently awarded a Bronze medal in the American-Style Black Ale or American-Style Stout category. Jagged Shard won the Silver in the Strong Red Ale category the previous year. Boise Light, a local favorite, continues to be the best-selling draft beer brewed in the state according to Hayden Beverage, making up almost 65% of total beer sales for the company.

“It was with some trepidation that we began exploring a light craft beer, but after some experimentation our head brewer created a recipe that exceeded all of our expectations,” Rudeen said. “We still had the problem of getting it out into the market, so we figured if we priced it $0.01 less than Bud Light then maybe people would give it a try.”

The rest is Boise Brewing history.

The new stock offering will help the brewery make several upgrades to its restaurant. One of the main ones will be the patio, a summertime favorite among river floaters and Boise State game-dayers. The design for the patio includes a steel structure with plants and locally sourced hardwoods that Rudeen crafts himself.

Boise Brewing also offers several non-beer beverages. “We’ve noticed that the younger generations have wider interests for beverages,” Rudeen said. “We still want them to come in and experience our live music, trivia nights, and other events, so we also offer non-alcoholic beer, mixed drinks, cider and wine.”

Stock and community ownership details

To own a piece of Boise Brewing — and get one of your own mugs for the brewery’s tap room — you’ll have to pony up at least $1,000. That’ll get you voting rights, dividends when there are profits, a growler fill per month — and yes, a mug of your own.

If you invest $2,500 or more, you also will get access to “secret” menu items that will likely be accessed with a password.

For information on how to complete your acquisition, go to boisebrewing.com or contact Rudeen at [email protected]. Some restrictions apply.

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