The construction, installation, and equipping of an approximately 285,000 square foot manufacturing facility for the blending and bottling of spirits.
$22,000,000 in Recovery Zone Facility Bonds
As one of the few Recovery Zone Facility Bonds issued under the American Recovery & Reinvestment Act, CEDA is proud to be issuing bonds on behalf of the Frank-Lin Distillery. Opened in 1966, Frank-Lin has steadily built itself into a leader in the beverage alcohol field. The distillery offers custom bottling, importing/exporting, and wholesaling.
The issuance of $22.0 million in Recovery Zone Facility Bonds will allow Frank-Lin to construct a larger facility and consolidate operations under in one location. The Fairfield location will allow the business to streamline operations and improve business efficiency. Management anticipates that the planned consolidation will result in considerable cost savings and an increased cash flow.