Three Okanagan breweries have shut down in recent months, citing soaring costs and a lingering economic downturn following the pandemic. Industry officials warn that more closures are likely unless the government provides relief to struggling businesses.
After a decade-long business boom, three Okanagan breweries have closed their doors, blaming increased costs and the post-pandemic economic hangover. Klaudia Van Emmerik reports.“It was three breweries in December,” said Ken Beattie, executive director of the BC Craft Brewers Guild. “It came kind of quickly and it is just unfortunately because of the market itself.”
“Was it a surprise it was in one location, like one area Kelowna yes that was surprising to me but it wasn’t surprising to me that there are going to be breweries closing,” Beattie said.Beattie said with cashflows down and the price of goods up, the pressure is taking a big toll. Industry officials said many businesses were propped up with COVID-19-related government grants but the post-pandemic economic climate is a tough one, and the hospitality sector is among the hardest hit.
BREWERIES ECONOMY CLOSURES COSTS GOVERNMENT
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Okanagan Breweries Face Closure Amidst Economic ChallengesThree breweries in the Central Okanagan closed their doors in December, highlighting the struggles faced by the craft beer industry in British Columbia. Rising costs, inflation, and economic uncertainty are contributing to the difficult situation.
Read more »
Iconic South Okanagan inn announces sudden closureThe closure of the iconic inn, which was built in 1908, comes after what many tourism operators described as a flat tourism season.
Read more »
Child Care Centres in Canada Face Closure Due to Funding CutsPrairie Lily's Sacred Heart daycare in Canada is facing closure due to insufficient funding and the $10-a-day child care program. Executive director Cara Steiner expresses concern about the impact on families and the potential for increased fees at new centres. Other child care centres are also experiencing financial difficulties.
Read more »
'A reality that I face': Two Coutts protesters face jail for part in 2022 blockadeTwo men who became the faces of a COVID-19 protest blockade at a key border crossing between Alberta and the United States nearly three years ago will learn their fates Friday.
Read more »
‘A reality that I face’: Coutts protesters face jail for part in 2022 blockadeThe Crown has recommended a nine-month sentence for Van Huigenbos and six months for Janzen because he played a lesser leadership role in the blockade.
Read more »
‘Only a foot away’: Viral video shows cougar coming ‘face-to-face’ with Tofino familyA Tofino woman's video of a cougar getting up close to her and her father while they were in their backyard hot tub is making waves on social media.
Read more »