Jim Beam is looking at about a $165 million expansion at its plants in Clermont in Bullitt County and in Boston in Nelson County.
On Thursday, the Kentucky Economic Development Finance Authority approved incentives for a $101.7 million expansion the company is considering in Clermont in Bullitt County for “new distillation capacity” and “new capabilities in the bourbon-making process.”
The board approved tax incentives of up to $1.2 million for the expansion.
The KEDFA board also approved another $600,000 for a proposed expansion at the Beam distillery in Boston in Nelson County, where Beam Brands is “considering steadily increasing capacity over the next five years at its largest distillery in Boston to meet customer demand.”
Jim Beam has been producing bourbon for more than 200 years in Kentucky and is the global leader in premium spirits.
Besides Jim Beam white label, Beam also makes Knob Creek, Basil Hayden’s, Booker’s and Booker’s premium bourbons, Jim Beam Black, Jim Beam Rye, Devil’s Cut, Red Stag, Old Grand-Dad, Old Crow and other brands.
Beam Suntory also owns Maker’s Mark, which is made in Loretto.