Four Roses Bourbon will invest $23 million to expand in Bullitt County

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The distillery will increase storage capacity and create jobs with new warehouses

FRANKFURT, Kentucky (June 7, 2022) – Today, Governor Andy Beshear announced the continued growth of Kentucky’s bourbon and spirits industry as Four Roses Distillery LLC will invest more than $23 million to build new warehouses in Coxs Creek. The work is expected to be completed by 2024 and will increase cylinder storage and create new job opportunities in Bullitt County.

“The growth of Kentucky bourbon and spirits continues at an incredible rate, and we welcome this major investment by Four Roses in Bullitt County,” Governor Beshear said. “Bourbon is an iconic Commonwealth industry that creates quality jobs across the state. I am delighted to see Four Roses contribute to this success and look forward to seeing this project come to fruition over the next two years.

Four Roses executives will build 17 warehouses totaling more than 776,000 square feet to support the continued growth of the Lawrenceburg-based distillery. The investment comes in response to increased demand for the company’s bourbon across the United States. Four Roses currently employs 137 people in Kentucky, including 20 at an existing warehouse in Coxs Creek.

“We are excited about the growth of Four Roses and having the ability to bring our bourbon to more whiskey lovers across the country, but we are even more excited about the growth of the Kentucky bourbon industry. “said Ryan Ashley, chief operating officer of Four Roses Bourbon. “We look forward to welcoming new members to the Four Roses team with this expansion who will help us continue to show that the best bourbons in the world come out of this state.”

Four Roses has roots dating back to the mid 19e century in Georgia, with the company producing bourbon in Kentucky since 1888. The distillery operated along Louisville’s Whiskey Row until it moved to Lawrenceburg in the 1960s, where the company remains dedicated to producing of award-winning bourbons.

The Four Roses investment adds to recent growth in the bourbon and spirits industry across the Commonwealth. Since the start of the Beshear administration, Kentucky’s spirits industry has seen more than 50 announcements of new locations or expansion contributing to more than $1.1 billion in planned investment and more than 900 full-time jobs. full advertised. Today, the spirits facility employs more than 5,300 people statewide. Governor Beshear also recently worked with US Commerce Secretary Gina Raimondo to remove harmful bourbon tariffs on trade with the UK and EU, ensuring continued strength in the export market.

Bullitt County Judge/Executive Jerry Summers praised the company’s continued investment.

“We are delighted with the growth and expansion of the Four Roses Distillery,” said Judge Summers. “This project is a real asset to Bullitt County and its scenic corridor. I look forward to continuing the partnerships as they continue to grow within our community. »

Bob Fouts, executive director of the Bullitt County Economic Development Authority, is pleased to see the company increasing its presence in the area.

“We are pleased to see the Four Roses Distillery prosper and grow in our county and wish them continued success,” said Fouts.

Four Roses’ investment and expected job creation adds to recent economic momentum in the Commonwealth as the state rebuilds stronger from the effects of the pandemic.

In 2021, the Commonwealth broke all economic development records in the books. Announcements for new locations and private sector expansion included a record total planned investment of $11.2 billion and commitments to create a record number of more than 18,000 full-time jobs over the next few years. Kentucky’s average incentive hourly wage for statewide projects in 2021 was $24 before benefits, a 9.4% increase from the previous year.

In recent months, the Beshear administration announced the two largest economic development projects in state history. In September, Governor Beshear and executives from Ford Motor Co. and SK Innovation famous a transformative $5.8 billion investment that will create 5,000 jobs in Hardin County. And in April, the Governor was joined by Envision AESC management to announce a $2 billion investment that will create 2,000 jobs in Warren County. These announcements cement Kentucky as the EV battery production capital of the United States.

Economic momentum continued through 2022, with S&P Global Ratings and Fitch Ratings upgrading Kentucky’s financial outlook to positive in recognition of the Commonwealth’s booming economy.

For April 2022, the State Budget Director reported the highest monthly General Fund revenue on record at $1.84 billion. This represents a 34.9% increase from last April’s collections, bringing Kentucky’s year-to-date growth rate to 16.4%.

And Site Selection magazine recently placed Kentucky 6th in its annual Prosperity Cup rankings for 2022, which recognizes state-level economic success based on capital investment.

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved Four Roses up to $300,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA) . KEIA allows licensed companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development, and electronic processing.

Additionally, the business may receive resources from Kentucky labor service providers. These include free recruitment and placement services, low-cost customized training, and job training incentives.

For more information on Four Roses, visit FourRosesBourbon.com.

A detailed community profile of Bullitt County can be viewed here

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