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Henderson Distilling Establishes Henderson County, Kentucky, Distillery

Henderson Distilling Co. will establish a new distillery in Henderson County, Kentucky. The $5 million project is expected to create 12 jobs.

The company will locate on the former Henderson Municipal Power & Light campus in downtown Henderson. The investment will include a full production distillery, along with a corresponding tourism and retail space.

“The Henderson Distilling Co. is excited to bring this project to Henderson and rekindle the robust pre-Prohibition history of such a beautiful community,” said Henderson Distilling Co. co-founder and President Andrew Powell.?“We are grateful for our state and local leaders that have partnered with us to bring this opportunity to fruition. Bourbon is distinctly American and fully enmeshed in Kentucky’s vibrant landscape.?We are thrilled to establish our company in Henderson.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $200,000 in tax incentives based on the company’s investment of $5 million and annual targets of creation and maintenance of 12 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $22.56 including benefits across those jobs.

“This investment by Henderson Distilling Co. adds momentum to the commonwealth’s always growing signature bourbon industry,” noted Governor Andy Beshear. “Henderson Distilling Co. is a welcome addition to the community and will continue to set Kentucky apart as the world’s leading producer of bourbon. I want to thank the leaders of Henderson Distilling Co. for their vision to grow in Kentucky, and I look forward to seeing their success.”

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

In addition, Henderson Distilling Company can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“The bourbon industry is booming, and having a distillery in our downtown is key to future development,” added Henderson Economic Development Executive Director Missy Vanderpool. “We are thankful for the local visionaries that poured into this project.?We often say that economic development is a team sport. This project proves, once again, that Henderson has an amazing team.”

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