Anheuser-Busch‘s effort to invest in U.S. manufacturing plants continued Monday with a $300 million investment into its existing plants.
The beer maker is the parent company behind Budweiser, Bud Light, Busch Light, and Michelob Ultra. The latest move is a part of its “Brewing Futures” initiative, which began five years ago and has directed $2 billion toward domestic operations.
“This new $300 million investment in our manufacturing facilities across the U.S. is the latest example of Anheuser-Busch’s commitment to strengthening our local communities by creating and sustaining jobs and driving economic prosperity,” Anheuser-Busch CEO Brendan Whitworth said in a statement. “Investing in our people and in new technologies and capabilities to drive industry and economic growth is core to who we are.”
Anheuser-Busch currently has about 100 plants in the United States. Secretary of Labor Lori Chavez-DeRemer praised the company for investing in the plants.
“Anheuser-Busch has been a shining example of what ‘Made in America’ means, and their latest investment of $300 million builds on their longtime commitment to grow our workforce and expand U.S. manufacturing,” Chavez-DeRemer said in a statement. “They are demonstrating exactly what it means to put American workers first, setting a standard for other companies to follow.”
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Additionally, Anheuser-Busch will invest in a credential system that “translates military experience into skills needed for careers” for veterans seeking work in the industry, according to a press release. At the moment, 10% of Anheuser-Busch’s workforce is made up of veterans.
The move came weeks after President Donald Trump issued tariffs against 86 countries. Some 75 countries have negotiated their tariffs down to 10%, which happened before Trump issued a pause against most tariffs through July 9.