Cuomo: Reforms saved alcohol industry $15M in five years

Cuomo at one of his beverage summits

Governor Andrew Cuomo's office has been mentioning advances in the state's alcoholic beverage industry in bits and pieces over a series of speeches and announcements in recent weeks (here, here and here, for example). On Wednesday, they put it all together.

An announcement from Cuomo's administration said New York's craft beer, wine, cider and liquor manufactures have saved nearly $15 million since a series of regulatory reforms and incentives were put in place since 2012 in an effort to boost the industry.

Cuomo said the savings during a five-year period followed the state's decision to expand a production tax credit and cut a labeling fee. Cuomo has championed craft alcohol makers as an example of a local, sustainable industry that can spur tourism and agriculture. He says he wants the state to continue to find ways to support local breweries, wineries, cideries and distilleries as the thirst for locally made alcoholic beverages continues to grow.

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