Will use local ingredients to brew bourbon
BARDSTOWN, Ky. (June 30, 2014) — The Bardstown Bourbon Co. LLC plans to build a 45,000-s.f. distillery on 100 acres in the Nelson County Industrial Park distillery in Bardstown. The company, company also plans to build a visitor center and warehouses, says the move will create 35 jobs and will produce bourbon and other spirits using local ingredients.
The distillery will be a destination experience, bringing bourbon enthusiasts as close as possible to the bourbon making process. There also will be a culinary dimension to the distillery and the company plans to partner with restaurants in the community to incorporate local flavors.
Construction on the project is expected to begin this summer, and the facility is expected to be open in 2016. Once operational, it will mark the fifth distillery in Nelson County.
Bourbon distilling contributes nearly $2 billion in gross state product each year and has more than doubled its importance to the state’s overall economic activity in the past 13 years. Kentucky exported $383 million of its distilled spirits in 2013, a full 21 percent of the U.S. total.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved the company for tax benefits up to $300,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.