Gets preliminary approval for state tax incentives
The Lane Report
LOUISVILLE, Ky. (May 30, 2013) — Chicago-based bourbon distiller Angel’s Share Brands, which produces Angel’s Envy, is considering Louisville for a production facility for its expanding line of brands.
“The project will include a column still for expanded production, a bottling line, grain handling equipment, barrel storage and a product ‘finishing’ area,” according to the company’s application for state tax incentives.
The Angel’s Envy distillery will be attractively designed and open to the public for tours, Angel’s Share Brands said.
Within its first three years of operation, Angel’s Share estimates a total investment of $10 million in building materials and capital equipment. In addition, the project would create 40 new jobs with a total estimated payroll of $1.5 million. The base hourly wage of the new jobs would be $10.88 an hour.
The Kentucky Economic Finance Development Authority on Thursday preliminarily approved Angel’s Share Brands for up to $800,000 in Kentucky Business Incentives for up to 10 years. The company also was approved for $72,000 in a KEIA sales tax rebate. Kentucky Business Incentives consolidates several incentive packages into a single, more flexible tax incentive program for new and expanding businesses.
Follow Lorie Hailey on Twitter at twitter.com/loriehailey.
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