Victory Brewing Company Inducted into Hall of Fame by Chester County Economic Development Council
A pair of grade school buddies who went on to found Victory Brewing Company have been inducted into the Chester County Business Hall of Fame by the Chester County Economic Development Council (CCEDC).
Victory Brewing co-founders Bill Covaleski and Ron Barchet were honored at the CCEDC’s annual Business Achievement Award Ceremony, streamed live from Victory Brewing in Parkesburg on Wednesday, June 10. The region’s top business leaders attended virtually this year due to social distancing and for the first time ever, CCEDC provided free access for all businesses.
“Our culture and our heritage have always been to be nimble and responsive to all of the needs of Chester County businesses. As we celebrate 60 years in the midst of a pandemic, that mission has more meaning than ever,” said Gary Smith, CCEDC President and CEO.
Smith went on to describe the transformation in services that CCEDC has undergone in the last 3 months. That includes submitting the highest number in the state of Working Capital Loan program applications; working with a network of partners and County government to procure more than 500,000 pieces of Personal Protective Equipment; and managing a $5 million grant fund established by Chester County Government, which saw 249 grants distributed to local businesses with an average grant size of $20,000. Smith also noted four key areas where CCEDC is continuing to serve businesses as they emerge from lockdown: financing, location services, workforce development and innovation.
Smith said Victory Brewing Company required two of those critical resources – location and financing – when CCEDC’s relationship began with them back in 1995. Through its network of location services, CCEDC was able to assist Victory Brewing with securing its iconic flagship brewery and restaurant in Downingtown, PA at the site of the former Pepperidge Farm. CCEDC also facilitated a business loan to assist with equipment needs and help build the brewery into the craft beverage powerhouse it is today.