Thursday, October 10, 2013
US Government Shutdown Means No New Beer
There are two main issues for the craft beer industry to deal with during the shutdown. By the numbers, the largest of these issues is the Treasury Department’s Tax and Trade Bureau (TTB) ceasing approval of new beer labels and recipes. Beer news site Beerpulse estimates that 400 labels per day won’t receive approvals during the shutdown, based on the over 110,000 labels that TTB had approved over the course of 2013 through the end of September. More immediately detrimental to the health of craft breweries is the Small Business Administration halting approval of new loans for the duration of the shutdown.