Another brewery is coming to the Roanoke region.

Ballast Point announced Tuesday that it will build its East Coast brewery in Botetourt County.

Ballast Point will invest $48 million into the Botetourt County operation.

The brewery is based in San Diego.

Ballast Point has agreed to purchase the 259,040-square-foot Lawrence Companies building located on International Parkway in Botetourt Center at Greenfield, where it plans to create 178 jobs.

According to a news release, Ballast Point is the 11th-largest craft brewer in the country.

According to the Roanoke Regional Partnership, the project will have an overall economic impact of $376 million and create more than 540 secondary jobs.

Earlier this year, Oregon-based brewer Deschutes announced that it plans to build its East Coast brewery in Roanoke.

Gov. McAuliffe said Virginia successfully competed against several other East Coast states for the project.

“I am thrilled to announce that Ballast Point Brewing and Spirits will join the Commonwealth’s world-class, award-winning roster of craft breweries,” McAuliffe said in a statement. “Winning this significant project was a top priority, and we are proud that Botetourt County will be home to the company’s East Coast brewing operation. Virginia has truly become a leader in the industry and a destination for craft beer lovers. Today is another milestone of our ongoing success in diversifying and building a new Virginia economy, and we look forward to Ballast Point thriving in the Commonwealth.”

Ballast Point Brewing and Spirits, the 11th largest craft brewer in the United States in 2015, will invest about $48 million to establish an East Coast brewing operation in Botetourt County. The company has agreed to purchase the 259,040-square-foot Lawrence Companies building located on International Parkway in Botetourt Center at Greenfield, where it plans to create 178 jobs in manufacturing and retail operations. San Diego-based Ballast Point Brewing and Spirits was started in 1996 by a small group of home brewers. Today, the company is one of the fastest-growing craft beer companies in the United States and a recognized innovator in craft brewing and spirits. Ballast Point employs more than 500 at four facilities in the San Diego, Calif., area and sells its beer in more than 30 states. It operates as a stand-alone company after its acquisition in 2015 by Constellation Brands (NYSE: STZ and STZ.B). “In our quest to provide the best quality, freshest beer to all of our customers, an East Coast brewery started to make a lot of sense to us,” said Ballast Point founder Jack White. “We are excited by the opportunity we see in Botetourt County, and we’re looking forward to getting to know the local community as we get established there.” “We are able to welcome Ballast Point to Botetourt County because of the decision by the Board of Supervisors in 2015 to join the Western Virginia Water Authority. Without that partnership, we would not have been able to provide the quantity and quality of water demanded by this project,” said Botetourt County Board of Supervisors Chair Jack Leffel. “This is another example of bold decisions, such as the development of Greenfield, that pay long-term dividends to the county and its residents.” Beth Doughty, executive director of the Roanoke Regional Partnership, said the organization called on the company more than a year ago as part of a campaign to attract craft brewers. “The company was able to move quickly because we matched them with an available building and all the infrastructure to help meet their requirements.” “Our private sector partners at Lawrence Companies were critical to this recruitment and I appreciate their role putting Botetourt County and Virginia in position to make this announcement today,” said Gary Larrowe, Botetourt County administrator. “Attracting Ballast Point is a fantastic way of adding employment opportunities in Botetourt County with an industry leader creating a destination location,” said Joyce Kessinger, chair of the Botetourt County Economic Development Authority. “We see this project as key to our goal of attracting young people to live, work and play in Botetourt.” Botetourt County and the Roanoke Regional Partnership worked with the Virginia Economic Development Partnership. Economic impact modeling (IMPLAN) by the Roanoke Regional Partnership estimates this project will have an overall annual economic impact of $376,442,866 and spur creation of more than 540 secondary jobs. The impact will extend across the region. Gov. Terry McAuliffe approved a $2.4 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with the project. The company will also be eligible to receive a $250,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund (AFID), administered by the Virginia Department of Agriculture and Consumer Services. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. The county will provide $1,402,177 in tax incentives along with performance grants anticipated at $650,000, a potential AFID grant of $250,000, and permit fee waivers. Craft beer is a $22.3 billion market, according to the Brewers Association and realized a 16 percent dollar sales growth in 2015. Craft beer production increased 12.8 percent in 2015. BALLAST POINT BREWING & SPIRITS Q&A Tell me something about the company? San Diego-based Ballast Point Brewing and Spirits was started in 1996 by a small group of home brewers. Today, the company is the 11th largest craft brewer in the U.S. and one of the fastest growing. It is recognized innovator in craft brewing and spirits making more than 50 styles of beer and bottling 13 spirits. Ballast Point employs more than 500 at four facilities in the San Diego, CA area and sells its beer in more than 30 states. Where is the company going to be located? Ballast Point has entered into an agreement to purchase the 259,040-square-foot Lawrence Companies building (formerly JTEKT) at Botetourt Center at Greenfield. How much will the company invest? Ballast Point will invest $47.8 million in building renovations and equipment within 36 months. Capitalized real estate represents $26 million; equipment $21 million. This does not include the sale price of the building which is already on the tax rolls. How many jobs will be created? There will be 178 jobs created in manufacturing and retail operations for this project. What will the jobs pay? The average wage for the 133 brewery jobs will be $41,075 per year. The 45 hospitality and retail jobs will pay $25,607 per year. What will be the economic impact of this project? Economic impact modeling (IMPLAN) by the Roanoke Regional Partnership estimates this project will have an overall annual economic impact of $376,442,866 and spur creation of more than 540 secondary jobs. The impact will extend across the region. What lead to the decision by Ballast Point to choose Botetourt County? The company was first contacted a year ago with a call from the Roanoke Regional Partnership as part of its campaign to attract craft brewers. The company was looking for an existing building and soon focused on the Lawrence building. The company liked the building’s proximity to the trails and Greenfield Lake. What were the most important factors influencing Ballast Point’s location decision? This project confirms the importance of ready-to-go product. When the Roanoke Regional Partnership reached out to the company’s consultant, the first question was about existing buildings. The Partnership took the company’s requirements and matched them to the few available properties that met the criteria. This announcement was possible because of the decision made in 2015 to join the Western Virginia Water Authority. Without that decision by the Board of Supervisors, Botetourt would not have been able to provide the quantity and quality of water demanded by this project. What did Botetourt offer in incentives? The county will provide $1,402,177 in tax incentives along with performance grants anticipated at $650,000, a potential Governor’s Agriculture and Forestry Industries Development Fund (AFID) grant of $250,000, and permit fee waivers. Who owns this company? Ballast Point operates as a stand-alone company after its acquisition in 2015 by Constellation Brands (NYSE: STZ and STZ.B). Constellation Brands is a holding company. Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy. In 2014, Constellation was one of the top performing stocks in the S&P 500 Consumer Staples Index. Constellation is the number three beer company in the U.S. with high-end, iconic imported brands including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico. Constellation is also the world's leader in premium wine, selling Robert Mondavi, Clos du Bois, Kim Crawford, Rex Goliath, Mark West, Franciscan Estate, Ruffino, Jackson-Triggs and other brands. Premium spirits brands include SVEDKA Vodka and Black Velvet Canadian Whisky. Based in Victor, N.Y. and founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio, sales in approximately 100 countries, about 40 facilities and approximately 7,700 talented employees.