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Times Union: Altamont Winery elevates production with new equipment

8.20.2024

"'The new press is going to give us a better product in the end,' said Michael DiCrescenzo, owner of Altamont Vineyard and Winery. 'There’s less oxidation. (It’s) easier to clean. The materials that this new press is made out of are more sanitary.'

DiCrescenzo said he tried for years to get a grant through the U.S. Department of Agriculture, but was 'shot down half a dozen times trying.'

The business hadn’t received a loan since it opened, until applying for Pioneer’s Express Small Business Lending program, which allocated less than $40,000 to purchase the new grape press and pump. To receive the loan, Altamont Vineyard and Winery had to come up with 10% of the money upfront, paying 7.5% interest. DiCrescenzo said the loan was better than expected, as Pioneer offered to finance 90% of the loan while the grants he had previously applied for were 50/50 matches."

Read the full story from the Times Union here. 























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