Home » Bourbon industry brings significant economic impact to Kentucky

Bourbon industry brings significant economic impact to Kentucky

Bourbon industry brings significant economic impact to Kentucky  The Cincinnati Enquirer

Kentucky’sbourbonindustryisrichintraditionbutalsomeansabrightfutureinthecommonwealth. Asasignatureindustryinthestate,Kentucky’sbourbonandspiritssectorisresponsibleforover23,000jobs,withanannualpayrolltopping$2.16billion.Thekeysectoralsogenerates$9billionineconomicimpact,providingasignificantboosttothestate’ssoaringeconomy. SincethebeginningofGov.AndyBeshear’sadministration,Kentucky’sbourbonandspiritsindustryhasannounced102newlocationandexpansionprojects,totaling$4.2billionininvestmentandcreatingover1,800jobs. Atnopointwasthisimpactfeltmorethanin2022,whenKentuckyrecordeditssinglebestyearforgrowthofitssignatureindustry,withprivate-sectornew-locationandexpansionprojectstotalingover$2.1billionininvestmentsandapproximately700newjobsforKentuckyresidents. Thisrecord-settingyearwashighlightedbyLouisville-basedSazeracCo.,whichinNovember2022announcedthelargestdistilledspirits-relatedinvestmentonreco