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BizSense Beat: March 3, 2023

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BizSense Beat is a weekly collaboration between VPM News and Richmond BizSense that brings you the top business stories during NPR's Morning Edition on Fridays.

Here’s a recap of the top stories for the week of March 3, 2023:

Brewery self-distribution bill passes through GA, awaits Youngkin’s signature
Reported by Richmond Bizsense’s Mike Platania

Now that the General Assembly session is over, it looks like it’ll be a matter of when, not if, Virginia breweries are able to self-distribute their beer. The Beer Industry Limited Distribution Act, a bill that would clear the way for Virginia breweries to sell a limited amount of their beer directly to retailers and restaurants annually, is headed to the desk of Gov. Glenn Youngkin to be signed into law.

$8M land deal sets stage for 100-acre Cloverleigh project near Brandermill
Reported by Richmond Bizsense’s Jonathan Spiers

A massive new development beside Brandermill is set to go forward with the closing of a multimillion-dollar land deal. An entity tied to development firm Kettler last week spent $8 million to purchase 105 acres in the northwest corner of the Route 288-Hull Street Road interchange, where it’s planning a 400-home project with a restaurant and seven-story hotel.

Ironclad Coffee comes in for a landing at RIC
Reported by Richmond Bizsense’s Jack Jacobs

Ironclad Coffee Roasters owner Ryan O’Rourke couldn’t help but notice in his travels that small, local coffee shops like his were slinging cups of joe in airports in their respective hometowns. O’Rouke has agreed to license his Richmond coffee shop’s brand for three new Ironclad cafes at Richmond International Airport. The deal is with Delaware North, and the Ironclad Coffee locations will replace the three Caribou Coffee shops in the airport.

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