During Boston Beer Companyâs annual Great American Beer Festival breakfast, founder Jim Koch unveiled a new series of Samuel Adams ads and announced a new grant program that will give $1 million to early stage food and beverage companies.
Koch said the new series of folksy ads, which highlight hop selection in Germany for Samuel Adamsâ flagship Boston Lager, focus on âcraftsmanshipâ and âartisanal values.â The ads end with the tagline: âBrewed inefficiently since 1984.â
Koch said the new ads show the freedom independent craft breweries, such as Boston Beer Company, which is publicly traded, possess. They also help distinguish âcraft brewers from big industrial brewers,â Koch added.
âYouâre not a slave to the bottom line,â he said. âYou can brew beer in a woefully or gloriously inefficient way.
âThat distinguishes craft brewers from big industrial brewers,â he added.
Differentiation between small brewers and larger corporate beer companies presents a âbig opportunityâ for craft brewers, Koch said. Echoing comments made in the past by Founders Brewing co-founder and CEO Mike Stevens, Koch said craft brewers should be going after the 85 percent of the beer market beer consumers who donât drink craft beer. Koch said those consumers are âup for grabsâ
âTo me, thatâs necessary for the whole beer category,â he said. âWe should all be trying to make beer interesting, exciting, engaging because today the sea of sameness can be boring to consumers. Iâll never forget what my dad said, âJim, all beer is good, but some beer is better.ââ
Following the meeting, Koch told Brewbound that the new ad campaign would launch within the next six weeks and include print and digital advertising. He added that the company is investing âserious moneyâ into the campaign.
During the companyâs second-quarter investors call, CFO Frank Smalla said the company planned to increase its spending on advertising, promotions and selling expenses between $15 and $25 million in 2018.
Koch also didnât rule out a packaging refresh in the future.
âWeâre not going to stop innovating,â he said.
Additionally, Koch announced that Boston Beer has committed to give $1 million in grants to small businesses in the food and beverage space in need of seed money that canât qualify for loans.
âSome of âem are promising so we said, âLetâs take a million dollars and see if we can create a hundred successful small food and beverage business in the artisanal space,ââ he said. âThey create jobs and economic development just like craft beer does.â
Koch also told Brewbound that Boston Beer would begin fielding applications for the grants ânow,â with a target of selecting about 100 recipients from 50 communities across the country in 2019.
âMany of them will be craft breweries,â he said.
Boston Beer will fund the grants from its bottom line, Koch added.
âThatâs the value of independence,â he said. âI donât have to go to some global company in a foreign country and say, âCan I do this?â Iâm not an employee. Iâm an owner.â
Koch added that the new grant program would build upon Boston Beerâs Brewing the American Dream program, which has given millions of dollars in small business loans to food and beverage companies over the last two decades. At the end of the meeting, Koch announced this yearâs Brewing the American Dream recipient, 1912 Brewing Company from Tucson, Arizona.
âWeâre always trying to expand and build on the success of the program,â he said.