Worcester Business Journal

wbjournal.com | October 3, 2022 | Worcester Business Journal 13 those systems could be cheaper for smaller breweries and more widespread, Steinberg said. "A brewery the size of a 20,000-to- 40,000 barrel brewery – and there are a few in that category in Massachusetts – they should have been purchasing this reclamation technology five years ago," Steinberg said. "It wasn't [that] it is just coming out; it wasn't ready for a smaller brewery, but CO2 reclamation isn't necessarily a newer technology; but it is newer to the breweries that are smaller." Even reclamation systems need time to get going so that they can become operational and begin to pay for themselves, so breweries need to find short-term answers for the CO2 shortage. Wormtown has begun exploring using nitrogen instead of CO2 to purge tanks and other vessels, but with that comes another cost and more gas tanks, because the company is bringing in a variety of gases instead of one. While for a long time brewing was viewed as a three ingredient process with shortages and issues related to farming (hops and malt) and water quality, the sector has become even more ingrained in the global economy and supply chain with the need for aluminum for cans, glass for bottles, and packaging materials for moving product to the consumer. Now, it's also in the gas game, and there's no shortage of issues awaiting breweries as we still untangle from a pandemic and the havoc it wreaked on our once-vaunted supply orchestra. Even with all the current changes, Commercial Financing can still flow smoothly. For lenders or borrowers, it's not always easy to steer through commercial lending options and opportunities. Whether you're a private entity, public company, financial institution, or nonprofit organization, our senior level team offers experience that ensures consistency, cost efficiency, and proven reliability. All of which can help you better navigate changing times. Real Knowledge in Real Time COMMERCIAL LENDING | LOAN RESTRUCTURE REAL ESTATE, INDUSTRIAL, CONSTRUCTION, EQUIPMENT FINANCING SMALL BUSINESS ADMINISTRATION (SBA) FINANCING Anthony Salvidio, Esq. 508.459.8004 Karen LaFond, Esq. 508.459.8015 FletcherTilton.com W O R C E S T E R | F R A M I N G H A M | B O S T O N | C A P E C O D W O R C E S T E R • F R A M I N G H A M • B O S TO N • C A P E C O D • P R O V I D E N C E 0.30% APY for balances of $0.01 to $24,999.99 0.40% APY for balances of $25,000.00 to $124,999.99 0.60% APY for balances of $125,000.00 to $249,999.99 0.75% APY for balances of $250,000.00 and above Rates you can finally feel good about. Consumer Tiered /Commercial Tiered Money Market Annual Percentage Yields (APYs) current as of September 21, 2022. Annual Percentage Yields (APYs) may change at any time without notice. Fees may reduce earnings. Minimum balance of $1,000 required to avoid a monthly service charge of $10.00. Account is limited to 6 third-party withdrawals per statement cycle. NMLS #402171 baystatesavingsbank.com W "Spot market rates [for CO2] in early August, I was quoted for a spot delivery at 1,200% increase to my normal contracted rate." - Sam Hendler, co-founder and CEO, to Jack's Abby Brewing LLC

• Cover