town-of-ashlanddevelopment-agreement2025-05-27_a5e.pdf
Coffee Creamer Ventures, LLC awarded $550K grant incentive for 7 Brew Restaurant
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Description
Coffee Creamer Ventures, LLC awarded $550,000 grant incentive by Town of Ashland and EDA to develop and operate 7 Brew Restaurant, with grant paid over six years based on meals tax revenue.
Contract Details
Contract Amount
$550,000.00
Vendor
COFFEE CREAMER VENTURES
Agency
Town of Ashland, VA
Contract Type
Grant Incentive
Document Date
May 27, 2025
Contract Term
May 27, 2025 – six years after Completion Date (Completion Date no later than December 1, 2025)
Renewal Date
NA
Renewal Info
Grant payments contingent on meals tax revenue and Town appropriation; agreement includes termination conditions for failure to meet tax revenue thresholds
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