FRANKFORT, Ky. — Slow Pass Bourbon Co. LLC is considering opening a new, nearly $70 million distillery in Springfield, Ky, and has received state economic development incentives to do so.
The company was founded by a team with decades of bourbon production experience that aim to provide bourbon and whiskey enthusiasts a rich and authentic commonwealth drinking experience, according to information presented at the Kentucky Economic Development Finance Authority (KEDFA) monthly board meeting held in March.
The distillery’s total investment is $69.7 million, with $51.5 million going toward building and improvements, and $7.7 million toward potential land costs, according to information presented to the KEDFA board and recommended for approval.
They plan to start with a job target of 37 and reach 43 after about three years. The average wage target is set at $35.57 an hour, including employee benefits.
The project was listed under both the Kentucky Business Investment (KBI) and Kentucky Enterprise Initiative Act (KEIA); the total tax incentives received from both programs combined was $800,000.
Cannon Family Enterprises LLC of Atlanta, Ga., and Agresti Family Ventures LLC, of The Woodlands, Texas, hold partial ownership in Slow Pass Bourbon Company LLC. The distillery has not had an existing presence in Kentucky until now.
