It smells like wine: City loan sweetens deal for winemaker | News, Sports, Jobs
NEW ULM – Doppeleichen Vineyards owner Paul Neyers stands by his destemming machine and, among other wine production equipment, will soon be moving to a new location at 511 and 513 N. 3rd Street.
With other sources of funding, Neyers plans to operate out of a winemaking production and tasting space in downtown New Ulm.
In order to make room for the equipment, properties on North 3rd Street will require significant rehabilitation. The current structures will be demolished and rebuilt to house the cellar equipment.
No official start date for the project set. Neyers said that, like many other companies, supply chain issues have left the project schedule up in the air, but the project is moving forward.
Neyers said construction of the new facility will immediately follow demolition.
Neyers recently received approval for a $74,900 commercial property rehabilitation loan from the city’s Economic Development Authority to help him complete the project. The EDA grants loans according to the size of the project. The maximum loan is 50% of the cost of the project or up to $75,000. This was the second rehabilitation loan approved by the EDA in 2022.
SpecSys also received a $74,900 loan for commercial property rehabilitation from EDA.