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