A couple of weeks ago Surly Brewing Co. got a lot of attention because it is looking for a site to house a sparkling new $20 million "destination brewery" that will include a restaurant and event center. This is made possible by a new law that allows pints of beer to be sold at breweries in Minnesota, just like in many civilized countries.
Surly has consultants, real estate people and the enthusiastic backing of economic development agencies and politicians. It might be looking for tax breaks or public money because the brewery hopes to create 150 jobs.
This week Jamie Robinson advanced his seven-year dream for a brew pub in a decidedly more subdued way. He sat by himself at a small table that held a laptop, a fax machine and a cellphone inside an empty building that he hopes will be that dream in south Minneapolis, waiting for calls.
Robinson and two partners -- chef Bryce Strickler and house manager Amy Johnson -- have ponied up $15,000 each to lease the elegant building on E. 38th Street and 28th Avenue S. Unable to find large investors in this economy, the three have turned to a creative way to finish the pub: a fundraising effort that involves community ownership.
"In order to raise money for a for-profit business, we can't do general solicitation, we can't put up a billboard," said Robinson. "We have to put the word out and have people come to us."
Through word-of-mouth among craft beer aficionados and their website, Robinson and company are trying to raise $160,000 from about 150 "memberships." If they do, Park Midway Bank in St. Paul has agreed to lend them the rest of the start-up money for what Robinson calls a retro-style pub that showcases the history of the Standish neighborhood and serves up exquisite craft beer and smoked foods all made on premises. The pub would employ about 25 people.
"We tried to sell our plan to big investment groups, the traditional way of raising money," said Robinson. A lot of them liked the business plan, but either had their money tied up or were waiting for the economy to turn, he said.
Because of strict federal rules governing soliciting investors, Robinson can't exactly spell out the conditions of being a community investor, or as he prefers, "member." He can say there are levels of membership, but can't say if you get anything in return.